Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  May 1, 2003
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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, 2003
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, 2003
Week ended
Apr 30, 2003
Change from week ended
Apr 23, 2003 May 1, 2002
                                                              
Reserve Bank Credit                                         715,838     +   6,160     +  68,451       724,408 
 Securities held outright                                   647,057     +     205     +  66,128       647,281 
    U.S. Treasury (1)                                       647,047     +     205     +  66,128       647,271 
       Bills (2)                                            236,035     +     180     +  43,592       236,249 
       Notes and bonds, nominal (2)                         396,776             0     +  20,608       396,776 
       Notes and bonds, inflation-indexed (2)                12,814             0     +   1,549        12,814 
       Inflation compensation (3)                             1,422     +      26     +     380         1,431 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    28,751     +   4,858     +   1,322        37,501 
 Loans to depository institutions                                30     +       2     -      48            35 
    Primary credit                                                0     -       4             0             0 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              29     +       5     -      38            35 
    Adjustment credit                                             0             0     -      12             0 
 Float                                                         188    +     630    +     388         -138 
 Other Federal Reserve assets                                39,811     +     464     +     660        39,728 
Gold stock                                                   11,043             0     -       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            34,822     +      14     +   1,112        34,822 
                                                              
Total factors supplying reserve funds                       763,903     +   6,174     +  69,562       772,473 
                                                                          
Currency in circulation(5)                                  687,176     -     306     +  42,909       688,692 
Reverse repurchase agreements (6)                            20,949     +     397     +  20,949        20,814 
   Foreign official and international accounts               20,949     +     397     +  20,949        20,814 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          350     -      10     -      43           340 
Deposits with F.R.Banks, other than reserve balances         20,129     -     551     +   2,844        22,136 
  U.S. Treasury, general account                              8,763     -     164     +   1,817        10,583 
  Foreign official                                              132     +      26     +      42           313 
  Service-related                                            11,009     -     305     +     997        11,009 
     Required clearing balances                              10,830             0     +     960        10,830 
     Adjustments to compensate for float                        179     -     305     +      37           179 
  Other                                                         225     -     108     -      12           231 
Other liabilities and capital                                20,165     +      20     +   1,121        20,049 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  748,770     -     449     +  67,781       752,031 
                                                              
Reserve balances with Federal Reserve Banks                  15,133     +   6,622     +   1,782        20,442 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           887,022     -   6,062      ------         893,534 
     U.S. Treasury                                          709,850     -   7,382      ------         713,499 
     Federal agency                                         177,171     +   1,319      ------         180,035 
  Securities lent to dealers                                    510     +     410     -     701           731 
Note: Components may not sum to totals because of rounding.
--- Not available.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
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.
 

 

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, 2003
Wednesday
Apr 23, 2003
Wednesday
May 1, 2002
Assets                                               
Gold certificate account                                         11,039         +       1         -       5 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,021         -      22         +      39 
Securities, repurchase agreements, and loans                    684,817         +  13,386         +  69,350 
   Securities held outright                                     647,281         +     380         +  66,411 
      U.S. Treasury (1)                                         647,271         +     380         +  66,411 
         Bills (2)                                              236,249         +     354         +  44,233 
         Notes and bonds, nominal (2)                           396,776                 0         +  20,608 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +   1,212 
         Inflation compensation (3)                               1,431         +      25         +     358 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     37,501         +  13,001         +   3,001 
   Loans                                                             35         +       5         -      61 
Items in process of collection                    (1,166)         8,173         +     584         -     414 
Bank premises                                                     1,577         +      17         +      65 
Other assets (5)                                                 38,412         +     116         +   1,137 
      Total assets                                (1,166)       747,239         +  14,082         +  70,173 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  655,226         +     201         +  41,202 
Reverse repurchase agreements (6)                                20,814         +     823         +  20,814 
Deposits                                              (0)        43,007         +  12,638         +   7,425 
  Depository institutions                                        31,880         +  11,135         +     926 
  U.S. Treasury, general account                                 10,583         +   1,298         +   6,260 
  Foreign official                                                  313         +     208         +     221 
  Other                                               (0)           231         -       3         +      19 
Deferred availability cash items                  (1,166)         8,142         +     174         -     450 
Other liabilities and accrued dividends (7)                       2,270         -       5         -     103 
      Total liabilities                           (1,166)       729,460         +  13,832         +  68,889 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,545         +      19         +     489 
Surplus                                                           8,380                 0         +   1,080 
Other capital accounts                                              854         +     231         -     285 
      Total capital                                              17,779         +     250         +   1,284 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
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 collatealized 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 Loans and Securities, April 30, 2003
Millions of dollars
Maturity Loans U.S. Treasury
securities (1)
Federal agency
securities
Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Holding Weekly
changes
Holdings Week
change
Within 15 days              28        46,750    -   5,156             0            0        33,500        20,814
16 days to 90 days           7       126,284    -   1,662             0            0         4,001             0
91 days to 1 year            0       153,916    -     119            10            0      ------       ------   
Over 1 to 5 years     ------         188,832    +   7,299             0            0      ------       ------   
Over 5 to 10 years    ------          51,538    +       9             0            0      ------       ------   
Over 10 years         ------          79,952    +      10             0            0      ------       ------   
           
All                         35       647,271    +     380            10            0        37,501       20,814 
 
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 classified by remaining maturity of the agreements.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on April 30, 2003
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                      11,039         495       4,706         380         477         808         863         982         331         224         303         507         963 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,021          50          37          76          42         136          94         129          58          41          69         162         127 
Securities, repurchase agreements,                                 
      and loans                              684,817      31,293     314,429      20,237      30,330      49,778      43,730      65,414      20,374      14,460      17,400      25,367      52,006 
   Securities held outright                  647,281      31,293     276,928      20,237      30,330      49,778      43,728      65,408      20,364      14,448      17,395      25,367      52,005 
      U.S. Treasury (1)                      647,271      31,293     276,923      20,236      30,330      49,777      43,727      65,407      20,364      14,448      17,395      25,366      52,004 
         Bills (2)                           236,249      11,422     101,075       7,386      11,070      18,168      15,960      23,873       7,433       5,273       6,349       9,259      18,981 
         Notes and bonds(3)                  411,022      19,871     175,848      12,850      19,259      31,609      27,767      41,534      12,931       9,175      11,046      16,108      33,023 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                37,501           0      37,501           0           0           0           0           0           0           0           0           0           0 
      Loans                                       35           0           0           0           0           0           2           6          10          12           4           0           1 
Items in process of collection                 9,339         428         556         465         465         733         730         721         445         472         675         906       2,743 
Bank premises                                  1,577          91         185          51         151         143         278         117          43         126          51         164         176 
Other assets(5)                               38,412       1,779      13,986       1,105       2,358       5,915       2,249       3,583         999       1,130         921       1,112       3,274 
Interdistrict settlement account                   0     - 1,600     +12,134     - 2,371     - 1,945     - 1,266     - 2,843     - 7,781     - 1,028     -   280     -   158     + 2,638     + 4,500 
          Total Assets                       748,405      32,652     346,905      20,026      31,983      56,395      45,267      63,377      21,295      16,203      19,328      30,952      64,024 
 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
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, 2003
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             762,034      31,962     336,220      24,336      31,355      53,875      59,708      62,576      22,311      15,255      21,232      35,228      67,974 
  Less: notes held by F.R. Banks              106,807       4,679      26,350       7,399       4,238       8,201      20,122       6,632       3,527       1,478       4,208       7,005      12,968 
    Federal Reserve notes, net                655,226      27,283     309,870      16,937      27,118      45,674      39,586      55,945      18,784      13,777      17,023      28,223      55,006 
Reverse repurchase agreements (1)              20,814       1,006       8,905         651         975       1,601       1,406       2,103         655         465         559         816       1,672 
Deposits                                       43,007       2,680      22,453       1,309       1,772       3,900       2,123       2,604       1,012         745         792         916       2,700 
  Depository institutions                      31,880       2,672      11,427       1,307       1,769       3,830       2,121       2,600       1,008         743         790         915       2,697 
  U.S. Treasury, general account               10,583           0      10,583           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                313           2         289           1           3           7           2           3           1           1           1           1           3 
  Other                                           231           7         153           1           0          62           0           1           4           0           1           0           0 
Deferred availability cash items                9,308         626         948         514         546         725         976         680         305         421         443         493       2,630 
Other liabilities and accrued                                                 
  dividends (2)                                 2,270         129         712          94         127         259         180         222          96          87          86         104         173 
                                                                    
    Total liabilities                         730,626      31,725     342,888      19,505      30,538      52,159      44,272      61,554      20,853      15,495      18,904      30,552      62,181 
                                                                    
Capital                                                             
Capital paid in                                 8,545         446       1,877         251         700       2,070         475         875         217         345         204         189         896 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     854          44         331          37          42          93          44          91          26          24          18          24          80 
     Total liabilities and capital            748,405      32,652     346,905      20,026      31,983      56,395      45,267      63,377      21,295      16,203      19,328      30,952      64,024 
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, 2003
Federal Reserve notes outstanding          762,034  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   102,753  
      Federal Reserve Notes to be         
         collateralized                    659,280  
Collateral held against Federal Reserve             
   notes                                   659,280  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           646,042  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      684,782  
   Less:face value of securities under    
         reverse repurchase agreements      20,821  
      U.S. Treasury and agency securities  
             eligible to be pledged        663,961  
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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