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

Release Date:  December 31, 1998

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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
December 31, 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
Dec 30, 1998
Dec 23, 1998 Dec 31, 1997 Wednesday
Dec 30, 1998
Reserve Bank Credit  (1,2)                                  511,015     +   6,726     +  34,760       517,658 
  U.S. government securities                                         
    Bought outright-system account (3)                      454,191     +   1,080     +  23,324       454,772 
    Held under repurchase agreements                         11,000     +   2,903     +   1,083        15,549 
  Federal agency obligations                                         
    Bought outright                                             338             0     -     347           338 
    Held under repurchase agreements                          5,570     -     197     +   4,068         7,388 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                            
                                                              
    Adjustment credit                                           345     +     337     -     327         1,642 
    Seasonal credit                                              20     +       5     -      44            27 
    Extended credit                                               0             0             0             0 
   Float                                                      3,443     +   1,643     +   2,678           926 
   Other F.R. assets                                         36,107     +     955     +   4,325        37,016 
Gold stock                                                  11,043    +       2    -       5       11,046 
Special drawing rights certificate account                    9,200             0             0         9,200 
Treasury currency outstanding                                26,177     +      14     +     571        26,177 
        Total factors supplying reserve funds               557,434     +   6,742     +  35,325       564,081 
                                                     
Currency in circulation*                                    516,707     +   5,326     +  35,162       518,257 
Treasury cash holdings*                                          85             0     -     144            85 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                    7,195     +   1,761     +   2,437        10,174 
  Foreign                                                       174     -      20     -      39           166 
  Service-related balances and adjustments (4)                6,853     -     124     -     100         6,853 
  Other                                                         235     +       4     -     130           164 
Other F.R. liabilities and capital                           17,152     -      45     +     929        16,957 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     548,401     +   6,903     +  38,115       552,655 
                                                              
Reserve balances with F.R. Banks  (5)                         9,033     -     161     -   2,790        11,426 
                                                                              
On December 30, 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 594,076 million, a change of
-$ 5,457 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 18,876 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 18,876 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 18,295 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 18,295 million was with foreign official and international
accounts. Includes $ 438 million securities loaned--fully secured U.S. government securities.
3 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 79 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,584 million and adjustments of $ 269 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
Dec 30, 1998
Wednesday
Dec 23, 1998
Wednesday
Dec 31, 1997
Gold certificate account                                         11,046         +       5         -       1 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                360         -      32         -     100 
                                                
Loans                                                             1,669         +   1,627         -     366 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   338                 0         -     347 
  Held under repurchase agreements (1)                            7,388         +   1,646         +   4,736 
U.S. government securities                          
  Bought outright--Bills                                        197,404         +     113         +     281 
                   Notes (2)                                    187,895         +       2         +  13,689 
                   Bonds (3)                                     69,474                 0         +  10,067 
    Total bought outright (4)                                   454,772         +     115         +  24,037 
  Held under repurchase agreements (1)                           15,549         +   7,704         -   5,639 
     Total U.S. government securities                           470,321         +   7,819         +  18,398 
       Total loans and securities                               479,716         +  11,092         +  22,420 
     
Items in process of collection                      (517)         8,895         -   2,637         +   1,095 
Bank premises                                                     1,297                 0         +      25 
Other assets (5)                                                 35,809         +   1,610         +   5,036 
                TOTAL ASSETS                        (517)       546,322         +  10,038         +  28,475 
     
                LIABILITIES                           
Federal Reserve notes                                           492,524         +   2,543         +  35,056 
Deposits                                           
  Depository institutions                                        18,931         +   1,907         -  11,907 
  U.S. Treasury--general account                                 10,174         +   6,337         +   4,730 
  Foreign--official accounts                                        166         -       9         -     291 
    Other                                                           164         -      11         -     736 
      Total deposits                                             29,435         +   8,224         -   8,204 
Deferred availability cash items                    (517)         7,406         -     716         +     167 
Other liabilities and accrued dividends (6)                       4,464         +      16         -     382 
                TOTAL LIABILITIES                   (517)       533,829         +  10,066         +  26,636 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,951         +       3         +     518 
Surplus                                                           5,246         +      25         +      25 
Other capital accounts                                            1,296         -      56         +   1,296 
 
*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 $ 2,867 million of inflation-indexed securities valued at the original face amount and
$ 68 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and
$ 11 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,295 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 438 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 $ 0 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, December 30, 1998
Holdings of securities include securitites held under repurchase agreements, which are classified according
to remaining maturity.
 

Millions of dollars
  U.S. government
securities (1)
Federal agency
obligations
  Loans Acceptances   Holdings Weekly
changes
Holdings Weekly
changes
Within 15 days  668  Within 15 days       23,470  +   8,990   4,035  +   1,646 
16 to 90 days     1  16 to 90 days       101,758  -     903   3,380          0 
Over 90 days      0  91 days to 1 year   137,252  -     270      75          0 
                        Over 1 to 5 years   107,350  +       1      61          0 
                        Over 5 to 10 years   44,822  +       1     175          0 
                        Over 10 years        55,668          0       0          0 
    Total       669      Total           470,321  +   7,819   7,726  +   1,646 
 
1 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 79 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 December 30, 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                      11,046         582       4,206         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                                             360          25          15          23          16          52          43          36          19          16          24          38          53 
                                                               
Loans                                          1,669           1       1,630           5           0           0           4           5           9           4           7           0           4 
Acceptances                                        0           0           0           0           0           0           0           0           0           0           0           0           0 
Federal agency obligations                                   
  Bought outright                                338          18         125          10          22          27          21          32          12           4           9          15          42 
  Held under repurchase agreements(1)          7,388           0       7,388           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     197,404      10,751      73,166       5,739      12,830      15,550      12,008      18,951       6,937       2,169       5,476       8,976      24,851 
                   Notes (2)                 187,895      10,233      69,641       5,463      12,212      14,801      11,430      18,038       6,603       2,064       5,212       8,543      23,654 
                   Bonds (3)                  69,474       3,784      25,750       2,020       4,515       5,473       4,226       6,670       2,441         763       1,927       3,159       8,746 
     Total bought outright(4)                454,772      24,768     168,557      13,222      29,557      35,824      27,664      43,659      15,981       4,996      12,616      20,678      57,250 
  Held under repurchase agreements(1)         15,549           0      15,549           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             470,321      24,768     184,106      13,222      29,557      35,824      27,664      43,659      15,981       4,996      12,616      20,678      57,250 
       Total loans and securities            479,716      24,787     193,249      13,236      29,579      35,851      27,689      43,696      16,003       5,004      12,632      20,693      57,297 
                                                               
Items in process of collection                 9,412         628         949         362         780         525       1,047         844         505         616         548         399       2,210 
Bank premises                                  1,297          94         158          50         156         125          82         107          31         131          54         148         161 
Other assets(5)                               35,809       1,625      12,238       1,483       2,062       4,063       2,071       3,059         899         858         810       1,601       5,039 
Interdistrict settlement account                   0        +551        +170      +2,134      -4,940      +4,263      +4,812        -551      -1,527      +1,347      +1,214      +2,102      -9,574 
          TOTAL ASSETS                       546,840      28,822     214,187      17,893      28,870      46,479      37,063      49,088      16,627       8,223      15,818      25,878      57,892 
 

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 $ 2,867 million of inflation-indexed securities valued at the original face amount and
$ 68 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and
$ 11 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,295 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 438 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 $ 0 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 December 30, 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                        492,524      26,460     194,155      16,456      26,257      41,714      33,279      44,636      14,776       6,154      14,308      23,191      51,136  
Deposits                                                          
  Depository institutions                     18,931       1,099       4,671         567       1,109       1,134       1,650       2,163       1,038         942         645       1,586       2,326  
  U.S. Treasury--general account              10,174           0      10,174           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     166           7          51           8           9          22           9          14           3           5           3           7          26  
  Other                                          164           0         101           1           5          26          13           1           1           1          13           1           2  
    Total deposits                            29,435       1,107      14,997         575       1,124       1,182       1,672       2,178       1,043         948         662       1,594       2,354  
Deferred credit items                          7,923        454         849        248         386        691         961        655         387        626         405        371       1,890  
Other liabilities and accrued             
  dividends (1)                           
    4,464         239       1,579         154         273         381         297         415         172          85         151         206         511  
    TOTAL LIABILITIES                        534,347      28,260     211,580      17,433      28,039      43,968  ;    36,210      47,884      16,378       7,813      15,527      25,362      55,891  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,951         267       1,208         177         398       1,238         418         582         121         202         140         227         972  
Surplus                                        5,246         254       1,055         273         335         818         338         527         122         189         119         271         945  
Other capital accounts                         1,296          40         343          11          97         455          96          95           7          18          31          18          84  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  546,840      28,822     214,187      17,893      28,870      46,479      37,063      49,088      16,627       8,223      15,818      25,878      57,892  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                    
F.R. notes outstanding                       612,055      30,310     239,861      18,455      29,561      50,949      44,489      54,143      17,304       7,693      17,221      33,692      68,375  
  Less--Held by F.R. Banks                   119,530       3,849      45,706       1,999       3,304       9,235      11,210       9,507       2,528       1,539       2,913      10,501      17,239  
  F.R. notes, net                            492,524      26,460     194,155      16,456      26,257      41,714      33,279      44,636      14,776       6,154      14,308      23,191      51,136  
Collateral held against F.R. notes                          
   Gold certificate account                   11,046                    
   Special drawing rights                 
     certificate account                  
 
    9,200  
                
   Other eligible assets                           0                  
   U.S. govt. and agency securities          472,278                  
     Total collateral                        492,524                  
 
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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