Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page

Release Date:  June 25, 1998

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These data are scheduled for release each Thursday. The exact time of each release will be announced, when
the information is available, on (202) 452-3206.
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
June 25, 1998
Millions of dollars
  Averages of daily figures
    Change from week ended  
Reserve balances of depository institutions at
F.R. Banks, Reserve Bank credit, and related items
Week ended
Jun 24, 1998
Jun 17, 1998 Jun 25, 1997 Wednesday
Jun 24, 1998
Reserve Bank Credit  (1,2)                                  480,511     +   2,936     +  30,257       488,218 
  U.S. government securities                                         
    Bought outright-system account (3)                      441,898     -     304     +  32,148       441,495 
    Held under repurchase agreements                          4,144     +   2,083     -   3,284        11,495 
  Federal agency obligations                                         
    Bought outright                                             551             0     -     946           551 
    Held under repurchase agreements                            483     -     331     +      26         1,180 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                            
                                                              
    Adjustment credit                                             6     -      65     -      63             3 
    Seasonal credit                                             180     +      23     -     115           193 
    Extended credit                                               0             0             0             0 
   Float                                                      1,338     +     481     +   1,365           179 
   Other F.R. assets                                         31,913     +   1,049     +   1,126        33,122 
Gold stock                                                  11,049    +       2            0       11,049 
Special drawing rights certificate account                    9,200             0             0         9,200 
Treasury currency outstanding                                25,956     +      14     +     633        25,956 
        Total factors supplying reserve funds               526,716     +   2,952     +  30,890       534,423 
                                                     
Currency in circulation*                                    481,323     -     419     +  29,795       482,184 
Treasury cash holdings*                                         204     -       3     -     141           204 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                   12,769     +   5,787     +     901        22,464 
  Foreign                                                       164     +       5     -      44           154 
  Service-related balances and adjustments (4)                6,959     +     198     -     163         6,959 
  Other                                                         333     -       4     -       5           325 
Other F.R. liabilities and capital                           16,880     -      33     +   1,686        16,667 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     518,632     +   5,531     +  32,029       528,957 
                                                              
Reserve balances with F.R. Banks  (5)                         8,085     -   2,579     -   1,139         5,466 
                                                                                  
On June 24, 1998, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 595,723 million, a change of
+$ 373 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,308 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,308 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,712 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,712 million was with foreign official and international
accounts. Includes $ 186 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 36 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,573 million and adjustments of $ 386 million to
compensate for float.
5 Excludes required clearing balances and adjustments to compensate for float.
 

* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
 

 

Worksheet for H.4.1 (a)
 

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
 
     Change Since
ASSETS * Wednesday
Jun 24, 1998
Wednesday
Jun 17, 1998
Wednesday
Jun 25, 1997
Gold certificate account                                         11,049         +       1                 0 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                411         +       3         -      85 
                                                
Loans                                                               196         -       4         -     506 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   551                 0         -     946 
  Held under repurchase agreements (1)                            1,180         -      57         -     220 
U.S. government securities                          
  Bought outright--Bills                                        198,987         -     670         +   3,247 
                   Notes (2)                                    180,593         +       1         +  19,531 
                   Bonds (3)                                     61,915                 0         +   8,998 
    Total bought outright (4)                                   441,495         -     668         +  31,776 
  Held under repurchase agreements (1)                           11,495         +   4,817         -   1,645 
     Total U.S. government securities                           452,990         +   4,149         +  30,131 
       Total loans and securities                               454,916         +   4,088         +  28,459 
     
Items in process of collection                      (513)         6,396         -   1,966         +     434 
Bank premises                                                     1,291         -       2         +      39 
Other assets (5)                                                 31,875         +   1,690         +   1,618 
                TOTAL ASSETS                        (513)       515,138         +   3,814         +  30,466 
     
                LIABILITIES                           
Federal Reserve notes                                           456,844         -     300         +  28,493 
Deposits                                           
  Depository institutions                                        12,660         -   9,133         -   3,091 
  U.S. Treasury--general account                                 22,464         +  14,191         +   3,179 
  Foreign--official accounts                                        154         -      22         -     314 
    Other                                                           325         -       2         -      12 
      Total deposits                                             35,603         +   5,034         -     238 
Deferred availability cash items                    (513)         6,025         -     878         +     710 
Other liabilities and accrued dividends (6)                       4,741         -      61         -     119 
                TOTAL LIABILITIES                   (513)       503,212         +   3,795         +  28,846 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,789         +       3         +     741 
Surplus                                                           5,220                 0         +     725 
Other capital accounts                                              916         +      16         +     155 
 
*Figures in parentheses are the eliminations made in the consolidation process.
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts of which $ 0 million was outstanding
at the end of the latest statement week.
2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 34 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 400 million of inflation-indexed securities valued at the original face amount and
$ 2 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,712 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 186 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 156 million in Treasury bills maturing within 90 days.
6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
 

 

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, June 24, 1998
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
accordance with maximum majority of the agreements.
 

Millions of dollars
  U.S. government
securities (1)
Federal agency
obligations
  Loans Acceptances   Holdings Weekly
changes
Holdings Weekly
changes
Within 15 days  172  Within 15 days       26,209  +   7,744   1,205  -      57 
16 to 90 days    23  16 to 90 days        97,168  +   2,633      98          0 
Over 90 days      0  91 days to 1 year   138,034  -   6,230     100          0 
                        Over 1 to 5 years    97,786          0     103          0 
                        Over 5 to 10 years   43,015  +       1     200          0 
                        Over 10 years        50,778          0      25          0 
    Total       196      Total           452,990  +   4,149   1,731  -      57 
 
1 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 36 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
Components may not add to totals due to rounding.
 

 

H.4.1 (b)
 

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 24, 1998
Millions of dollars
ASSETS Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Gold certificate account                      11,049         582       4,209         323         643         807         717         998         358         128         289         530       1,465 
Special drawing rights certif. acct.           9,200         530       3,202         282         574         792         602         900         340         123         247         367       1,241 
Coin                                             411          18          23          19          25          42          56          56          22          17          34          42          56 
                                                               
Loans                                            196           0           0           1           0           0          11          33          27          69          27           2          26 
Acceptances                                        0           0           0           0           0           0           0           0           0           0           0           0           0 
Federal agency obligations                                   
  Bought outright                                551          30         204          16          36          43          33          53          19           6          15          25          69 
  Held under repurchase agreements(1)          1,180           0       1,180           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     198,987      10,837      73,753       5,785      12,933      15,675      12,105      19,103       6,993       2,186       5,520       9,048      25,050 
                   Notes (2)                 180,593       9,836      66,935       5,250      11,737      14,226      10,986      17,337       6,346       1,984       5,010       8,211      22,734 
                   Bonds (3)                  61,915       3,372      22,948       1,800       4,024       4,877       3,766       5,944       2,176         680       1,718       2,815       7,794 
     Total bought outright(4)                441,495      24,045     163,636      12,836      28,694      34,778      26,857      42,384      15,515       4,850      12,247      20,074      55,579 
  Held under repurchase agreements(1)         11,495           0      11,495           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             452,990      24,045     175,131      12,836      28,694      34,778      26,857      42,384      15,515       4,850      12,247      20,074      55,579 
       Total loans and securities            454,916      24,075     176,515      12,852      28,730      34,822      26,901      42,470      15,561       4,926      12,290      20,101      55,674 
                                                               
Items in process of collection                 6,908         575         713         238         352         449         754         545         301         531         472         359       1,619 
Bank premises                                  1,291          93         159          50         148         125          81         108          31         131          54         149         160 
Other assets(5)                               31,875       1,464      10,425       1,325       1,852       3,717       1,862       2,909         808         787         730       1,432       4,563 
Interdistrict settlement account                   0      -3,041     +18,997        -779      -2,075      -4,336        -489      -2,593        -908        +443      +1,323      +2,180      -8,722 
          TOTAL ASSETS                       515,651      24,297     214,242      14,310      30,249      36,419      30,483      45,393      16,513       7,086      15,439      25,161      56,056 
 

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts, of which $ 0 was outstanding at the
end of the latest statement week.
2 Includes $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 34 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 400 million of inflation-indexed securities valued at the original face amount and
$ 2 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,712 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 186 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 156 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.
 

 

H.4.1 (c)
 

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 24, 1998
Millions of dollars
LIABILITIES Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Federal Reserve notes                        456,844      22,383     184,937      12,681      28,238      32,471      27,172      41,298      15,350       5,525      13,987      23,053      49,749  
Deposits                                                          
  Depository institutions                     12,660         664       1,989         689         585         837       1,377       1,824         472         580         535       1,027       2,079  
  U.S. Treasury--general account              22,464           0      22,464           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     154           7          39           8           9          22           9          14           3           5           3           7          26  
  Other                                          325           1         102           1           4          55           1         157           0           0           3           1           1  
    Total deposits                            35,603         672      24,594         697         598         914       1,388       1,995         475         586         541       1,035       2,106  
Deferred credit items                          6,538        433         645        208         326        543         669        548         247        505         471        322       1,620  
Other liabilities and accrued             
  dividends (1)                           
    4,741         265       1,601         170         299         394         320         457         188          89         164         223         571  
    TOTAL LIABILITIES                        503,725      23,753     211,777      13,756      29,461      34,323  ;    29,549      44,298      16,259       6,705      15,163      24,634      54,047  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,789         264       1,163         267         385       1,033         464         537         122         191         136         235         991  
Surplus                                        5,220         254       1,055         273         335         818         338         502         122         189         119         271         945  
Other capital accounts                           916          27         246          13          67         245         132          56          10           2          21          22          73  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  515,651      24,297     214,242      14,310      30,249      36,419      30,483      45,393      16,513       7,086      15,439      25,161      56,056  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                              
F.R. notes outstanding                       567,476      26,299     231,006      15,296      31,363      39,483      35,827      50,251      17,539       7,183      16,258      29,124      67,846  
  Less--Held by F.R. Banks                   110,633       3,916      46,069       2,616       3,125       7,012       8,655       8,953       2,189       1,658       2,271       6,072      18,097  
  F.R. notes, net                            456,844      22,383     184,937      12,681      28,238      32,471      27,172      41,298      15,350       5,525      13,987      23,053      49,749  
Collateral held against F.R. notes                          
   Gold certificate account                   11,049                    
   Special drawing rights                 
     certificate account                  
 
    9,200  
                
   Other eligible assets                           0                  
   U.S. govt. and agency securities          436,594                  
     Total collateral                        456,844                  
 
1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.


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