Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  June 19, 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
June 19, 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
Jun 18, 2008
Week ended
Jun 18, 2008
Change from week ended
Jun 11, 2008 Jun 20, 2007
                                                              
Reserve Bank credit                                         877,428     +   3,941     +  25,005       886,162 
 Securities held outright                                   478,710     -   3,340     - 311,707       478,734 
    U.S. Treasury (1)                                       478,710     -   3,340     - 311,707       478,734 
       Bills (2)                                             21,740     -   3,403     - 255,279        21,740 
       Notes and bonds, nominal (2)                         412,392             0     -  62,280       412,392 
       Notes and bonds, inflation-indexed (2)                39,171             0     +   4,712        39,171 
       Inflation compensation (3)                             5,407     +      62     +   1,140         5,431 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements (4)                                  124,643     +   7,822     + 101,964       133,500 
 Term auction credit                                        150,000             0     + 150,000       150,000 
 Other loans                                                 22,015     +     140     +  21,732        21,889 
    Primary credit                                           13,371     +     223     +  13,239        13,667 
    Secondary credit                                              0     -     224             0             0 
    Seasonal credit                                              70     +       3     -      81            77 
    Primary dealer credit facility                           8,574    +     138    +   8,574        8,145 
    Other credit extensions                                       0             0             0             0 
 Float                                                       -1,294     +     103     -     736        -1,781 
 Other Federal Reserve assets                               103,354     -     784     +  63,752       103,820 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,833     +      14     +     341        38,833 
                                                              
Total factors supplying reserve funds                       929,502     +   3,955     +  25,347       938,236 
                                                                          
Currency in circulation (5)                                 822,732     -      50     +  12,492       823,766 
Reverse repurchase agreements (6)                            40,254     +     140     +   8,533        41,809 
   Foreign official and international accounts               40,254     +     140     +   8,533        41,809 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          279     +       6     -      22           276 
Deposits with F.R. Banks, other than reserve balances        12,435     +     119     +      62        11,672 
  U.S. Treasury, general account                              4,926     +      77     -     549         4,172 
  Foreign official                                              100     +       1     +       4           101 
  Service-related                                             7,132     +      36     +     549         7,132 
     Required clearing balances                               7,132     +      36     +     549         7,132 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         276     +       3     +      56           267 
Other liabilities and capital                                43,334     -   1,205     +   3,993        43,494 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  919,034     -     990     +  25,057       921,016 
                                                              
Reserve balances with Federal Reserve Banks                  10,468     +   4,945     +     290        17,220 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts (2,7)        2,317,046     +  12,904     + 350,028     2,320,522 
     U.S. Treasury                                        1,359,927     +  10,198     + 128,977     1,359,167 
     Federal agency                                         957,119     +   2,706     + 221,050       961,355 
  Securities lent to dealers                                119,366     +  12,666     + 114,648       118,818 
     Overnight facility (8)                                   7,446     -   2,287     +   2,728         4,361 
     Term facility (9)                                      111,920     +  14,953     + 111,920       114,457 
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
Jun 18, 2008
Wednesday
Jun 11, 2008
Wednesday
Jun 20, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,329         -      10         +     397 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   784,123         +  11,763         -  28,249 
   Securities held outright                                     478,734         -   3,339         - 311,705 
      U.S. Treasury (1)                                         478,734         -   3,339         - 311,705 
         Bills (2)                                               21,740         -   3,403         - 255,279 
         Notes and bonds, nominal (2)                           412,392                 0         -  62,280 
         Notes and bonds, inflation-indexed (2)                  39,171                 0         +   4,712 
         Inflation compensation (3)                               5,431         +      63         +   1,142 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                    133,500         +  15,250         + 112,500 
   Term auction credit                                          150,000                 0         + 150,000 
   Other loans                                                   21,889         -     148         +  20,956 
Items in process of collection                      (623)         1,021         -     115         -   2,493 
Bank premises                                                     2,154         +       5         +     118 
Other assets (5)                                                101,462         -     254         +  63,695 
      Total assets                                  (623)       903,326         +  11,389         +  33,467 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  786,534         +     136         +  12,898 
Reverse repurchase agreements (6)                                41,809         +   2,054         +  11,366 
Deposits                                              (0)        28,688         +   9,581         +   6,210 
  Depository institutions                                        24,149         +   9,780         +   8,011 
  U.S. Treasury, general account                                  4,172         -     197         -   1,850 
  Foreign official                                                  101         +       1         +       5 
  Other                                               (0)           267         -       2         +      45 
Deferred availability cash items                    (623)         2,802         +      66         -   1,348 
Other liabilities and accrued dividends (7)                       3,266         -     313         -   2,776 
      Total liabilities                             (623)       863,099         +  11,525         +  26,351 
                                                          
Capital accounts                                          
Capital paid in                                                  19,878         -      53         +   3,772 
Surplus                                                          18,486                 0         +   3,099 
Other capital accounts                                            1,864         -      82         +     247 
      Total capital                                              40,227         -     136         +   7,117 
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, June 18, 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          150,000        14,041         5,361     +   1,958        93,500        41,809  
16 days to 90 days            0         7,848        39,695     -   1,541        40,000             0  
91 days to 1 year           ---             0        75,977     -   3,128           ---           ---  
Over 1 to 5 years           ---           ---       171,083     -     668           ---           ---  
Over 5 to 10 years          ---           ---        90,108     +      14           ---           ---  
Over 10 years               ---           ---        96,510     +      25           ---           ---  
          
All                     150,000        21,889       478,734     -   3,339       133,500        41,809  
 
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 June 18, 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                                           1,329          43          57          98         107         164         157         163          45          57          92         149         197 
Securities, repurchase agreements, term                            
      auction credit, and other loans        784,123      27,179     335,871      29,019      25,704      66,152      66,885      58,512      23,349      13,467      23,186      28,160      86,638 
   Securities held outright                  478,734      20,080     170,330      20,902      18,153      43,411      47,633      42,253      16,543       9,038      17,578      19,858      52,953 
      U.S. Treasury (1)                      478,734      20,080     170,330      20,902      18,153      43,411      47,633      42,253      16,543       9,038      17,578      19,858      52,953 
         Bills (2)                            21,740         912       7,735         949         824       1,971       2,163       1,919         751         410         798         902       2,405 
         Notes and bonds (3)                 456,993      19,168     162,595      19,953      17,329      41,439      45,470      40,334      15,792       8,628      16,780      18,957      50,548 
      Federal agency (2)                           0           0           0           0           0           0           0           0           0           0           0           0           0 
   Repurchase agreements (4)                 133,500       5,599      47,498       5,829       5,062      12,106      13,283      11,783       4,613       2,520       4,902       5,538      14,767 
   Term auction credit                       150,000       1,500      99,390       2,240       2,468      10,606       5,823       3,670       2,050      1,728         690       2,758      17,077  
   Other loans                                21,889           0      18,652          48          20          30         146         806         143         181          16           6       1,841 
Items in process of collection                 1,644          60           0         214         383          83         103         115          33         129         201         187         135 
Bank premises                                  2,154         118         212          65         151         200         227         207         124         112         276         254         207 
Other assets (5)                             101,462       5,485      27,751       9,109       6,589      24,686       8,011       5,010       1,332       1,935       1,434       2,291       7,830 
Interdistrict settlement account                   0     + 3,903     -45,233     + 2,691     + 3,949     - 5,966     +19,170     +13,418     + 4,124     + 1,379     + 5,553     + 4,061     - 7,049 
          Total assets                       903,949      37,329     323,467      41,732      37,410      86,357      95,940      78,550      29,422      17,308      31,157      35,835      89,441 
 
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 June 18, 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             988,851      37,681     345,124      40,722      39,074      80,765     119,079      83,847      30,962      18,068      31,686      55,748     106,094 
  Less: notes held by F.R. Banks              202,317       5,082      62,186       7,045       7,713      13,255      32,437      13,478       3,939       2,917       3,404      23,703      27,159 
    Federal Reserve notes, net                786,534      32,599     282,937      33,677      31,361      67,510      86,642      70,370      27,023      15,151      28,283      32,045      78,936 
Reverse repurchase agreements (1)              41,809       1,754      14,875       1,825       1,585       3,791       4,160       3,690       1,445         789       1,535       1,734       4,625 
Deposits                                       28,688         754      14,976       1,292         724       3,862       1,297       1,347         349         303         492       1,019       2,273 
  Depository institutions                      24,149         735      10,557       1,288         720       3,799       1,294       1,345         330         302         490       1,018       2,270 
  U.S. Treasury, general account                4,172           0       4,172           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                101           2          71           4           3          11           3           2           0           1           0           1           3 
  Other                                           267          17         176           0           1          52           0           0          19           0           1           0           0 
Deferred availability cash items                3,424         186           0         402         730         320         246         237          76         275         288         225         440 
Other liabilities and accrued                                                 
  dividends (2)                                 3,266         160         630         211         197         511         367         310         151         107         131         173         319 
                                                                    
    Total liabilities                         863,722      35,453     313,419      37,407      34,597      75,994      92,712      75,953      29,044      16,625      30,728      35,197      86,591 
                                                                    
Capital                                                             
Capital paid in                                19,878         816       4,933       2,334       1,401       5,178       1,564       1,281         181         322         208         260       1,400 
Surplus                                        18,486       1,050       4,650       1,814       1,291       4,998       1,425         815         180         355         194         364       1,351 
Other capital                                   1,864          10         464         178         121         188         238         501          16           6          27          15          99 
     Total liabilities and capital            903,949      37,329     323,467      41,732      37,410      86,357      95,940      78,550      29,422      17,308      31,157      35,835      89,441 
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
Jun 18, 2008
Federal Reserve notes outstanding          988,851  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   202,317  
      Federal Reserve notes to be         
         collateralized                    786,534  
Collateral held against Federal Reserve             
   notes                                   786,534  
   Gold certificate account                 11,037  
   Special drawing rights certificate     
     account                                 2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           570,497  
   Other assets pledged                    202,800  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      612,234  
   Less: face value of securities under   
         reverse repurchase agreements      41,736  
      U.S. Treasury and agency securities  
             eligible to be pledged        570,497  
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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