Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  May 29, 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 29, 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
May 28, 2003
Week ended
May 28, 2003
Change from week ended
May 21, 2003 May 29, 2002
                                                              
Reserve Bank Credit                                         720,486     +   8,670     +  64,640       722,221 
 Securities held outright                                   650,852     +     449     +  63,173       650,869 
    U.S. Treasury (1)                                       650,842     +     449     +  63,173       650,859 
       Bills (2)                                            237,672     +     282     +  42,731       237,683 
       Notes and bonds, nominal (2)                         398,853     +     146     +  18,856       398,853 
       Notes and bonds, inflation-indexed (2)                12,814             0     +   1,212        12,814 
       Inflation compensation (3)                             1,502     +      20     +     373         1,508 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    31,857     +   7,249     +     653        32,000 
 Loans to depository institutions                                59     +       3     -      77            62 
    Primary credit                                                2             0     +       2             0 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              57     +       3     -      72            62 
    Adjustment credit                                             0             0     -       7             0 
 Float                                                        -398    +     456    -     213        1,187 
 Other Federal Reserve assets                                38,116     +     513     +   1,104        38,103 
Gold stock                                                   11,043             0     -       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            34,878     +      14     +   1,039        34,878 
                                                              
Total factors supplying reserve funds                       768,607     +   8,684     +  65,679       770,342 
                                                                          
Currency in circulation(5)                                  693,531     +   3,672     +  39,460       694,755 
Reverse repurchase agreements (6)                            21,598     +   1,183     +  21,598        21,857 
   Foreign official and international accounts               21,598     +   1,183     +  21,598        21,857 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          359     +       9     -      53           375 
Deposits with F.R.Banks, other than reserve balances         17,050     -   1,514     +   1,563        16,303 
  U.S. Treasury, general account                              5,543     -   1,356     +     531         4,825 
  Foreign official                                              160     +      44     +      51           129 
  Service-related                                            11,105     -     176     +     946        11,105 
     Required clearing balances                              10,820             0     +   1,050        10,820 
     Adjustments to compensate for float                        285     -     176     -     105           285 
  Other                                                         242     -      24     +      35           243 
Other liabilities and capital                                20,281     +       1     +     580        19,818 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  752,820     +   3,353     +  63,150       753,107 
                                                              
Reserve balances with Federal Reserve Banks                  15,787     +   5,331     +   2,529        17,235 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           927,747     +  10,934      ------         928,892 
     U.S. Treasury                                          740,939     +   7,956      ------         741,441 
     Federal agency                                         186,808     +   2,979      ------         187,451 
  Securities lent to dealers                                    918     -     110     +     835         1,661 
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
May 28, 2003
Wednesday
May 21, 2003
Wednesday
May 29, 2002
Assets                                               
Gold certificate account                                         11,039                 0         -       5 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                920         -      30         -       8 
Securities, repurchase agreements, and loans                    682,931         +   5,890         +  47,791 
   Securities held outright                                     650,869         +     134         +  63,300 
      U.S. Treasury (1)                                         650,859         +     134         +  63,300 
         Bills (2)                                              237,683         +     115         +  42,861 
         Notes and bonds, nominal (2)                           398,853                 0         +  18,856 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +   1,212 
         Inflation compensation (3)                               1,508         +      19         +     370 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     32,000         +   5,749         -  15,425 
   Loans                                                             62         +       7         -      84 
Items in process of collection                    (1,052)        10,632         +   4,023         -     218 
Bank premises                                                     1,581                 0         +      65 
Other assets (5)                                                 36,514         +     306         +     967 
      Total assets                                (1,052)       745,817         +  10,189         +  48,592 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  661,167         +   2,858         +  37,320 
Reverse repurchase agreements (6)                                21,857         +   1,148         +  21,857 
Deposits                                              (6)        33,558         +   4,414         -  10,821 
  Depository institutions                                        28,360         +   7,198         -  11,654 
  U.S. Treasury, general account                                  4,825         -   2,783         +     878 
  Foreign official                                                  129         +       3         -      79 
  Other                                               (6)           243         -       4         +      33 
Deferred availability cash items                  (1,046)         9,417         +   1,919         -     276 
Other liabilities and accrued dividends (7)                       2,326         +      22         -     196 
      Total liabilities                           (1,052)       728,326         +  10,362         +  47,885 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,574         +      12         +     307 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                              537         -     185         -     669 
      Total capital                                              17,491         -     173         +     707 
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, May 28, 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              49        51,749    +       2             0            0        29,000        21,857
16 days to 90 days          14       138,094    +     708             0            0         3,000             0
91 days to 1 year            0       153,894    -     595            10            0      ------       ------   
Over 1 to 5 years     ------         180,470    +       5             0            0      ------       ------   
Over 5 to 10 years    ------          46,669    +       6             0            0      ------       ------   
Over 10 years         ------          79,983    +       8             0            0      ------       ------   
           
All                         62       650,859    +     134            10            0        32,000       21,857 
 
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 May 28, 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                                             920          42          32          66          37         120          96         112          52          37          61         150         115 
Securities, repurchase agreements,                                 
      and loans                              682,931      31,470     310,463      20,349      30,498      50,054      43,973      65,781      20,491      14,551      17,497      25,508      52,296 
   Securities held outright                  650,869      31,467     278,463      20,349      30,498      50,054      43,970      65,771      20,477      14,528      17,492      25,507      52,294 
      U.S. Treasury (1)                      650,859      31,466     278,458      20,349      30,498      50,053      43,969      65,770      20,477      14,528      17,491      25,507      52,293 
         Bills (2)                           237,683      11,491     101,689       7,431      11,137      18,279      16,057      24,018       7,478       5,305       6,388       9,315      19,096 
         Notes and bonds(3)                  413,176      19,975     176,770      12,918      19,360      31,774      27,913      41,752      12,999       9,223      11,104      16,192      33,196 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                32,000           0      32,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       62           3           0           0           0           0           3          11          14          23           5           1           2 
Items in process of collection                11,684         631         853         566         605         965       1,362         904         547         549         817         546       3,337 
Bank premises                                  1,581          91         186          52         152         143         278         117          44         126          51         164         177 
Other assets(5)                               36,514       1,690      13,085       1,012       2,292       5,847       2,117       3,392         937       1,100         870       1,032       3,139 
Interdistrict settlement account                   0     -   262     + 8,019     - 2,881     - 1,849     - 2,202     - 1,636     - 6,908     -   931     -   207     +   225     + 3,258     + 5,374 
          Total Assets                       746,869      34,272     338,217      19,626      32,315      55,883      47,220      64,592      21,542      16,410      19,891      31,265      65,635 
 
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 May 28, 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             760,695      31,787     333,769      24,326      30,968      53,980      60,390      62,997      22,355      15,230      21,305      34,997      68,590 
  Less: notes held by F.R. Banks               99,528       4,278      23,630       7,253       3,851       7,201      19,678       6,320       3,298       1,302       3,914       6,493      12,311 
    Federal Reserve notes, net                661,167      27,510     310,139      17,073      27,117      46,779      40,712      56,678      19,058      13,928      17,391      28,504      56,280 
Reverse repurchase agreements (1)              21,857       1,057       9,351         683       1,024       1,681       1,477       2,209         688         488         587         857       1,756 
Deposits                                       33,564       3,875      12,980         803       1,975       2,155       2,743       2,778         906         772         895         882       2,800 
  Depository institutions                      28,360       3,871       7,898         802       1,971       2,063       2,735       2,774         904         771         893         881       2,797 
  U.S. Treasury, general account                4,825           0       4,825           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                129           2         106           1           3           7           2           3           1           1           1           1           3 
  Other                                           249           2         151           0           2          85           6           0           1           0           1           0           0 
Deferred availability cash items               10,463         791       1,084         458         672         840       1,131         873         331         435         532         520       2,795 
Other liabilities and accrued                                                 
  dividends (2)                                 2,326         133         716          95         127         269         186         228         100          91          87         109         186 
                                                                    
    Total liabilities                         729,378      33,365     334,270      19,113      30,915      51,725      46,249      62,766      21,082      15,714      19,492      30,871      63,817 
                                                                    
Capital                                                             
Capital paid in                                 8,574         446       1,893         251         688       2,075         475         896         227         346         191         190         895 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     537          25         245          29          10          10          21          73          34          11           7          17          55 
     Total liabilities and capital            746,869      34,272     338,217      19,626      32,315      55,883      47,220      64,592      21,542      16,410      19,891      31,265      65,635 
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 28, 2003
Federal Reserve notes outstanding          760,695  
   Less: Notes held by F.R. Banks         
         not subject to collateralization    95,376  
      Federal Reserve Notes to be         
         collateralized                    665,319  
Collateral held against Federal Reserve             
   notes                                   665,319  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           652,080  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      682,869  
   Less:face value of securities under    
         reverse repurchase agreements      21,863  
      U.S. Treasury and agency securities  
             eligible to be pledged        661,006  
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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