Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  November 13, 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
November 13, 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
Nov 12, 2003
Week ended
Nov 12, 2003
Change from week ended
Nov 5, 2003 Nov 13, 2002
                                                              
Reserve Bank Credit                                         722,260     -   2,866     +  55,911       725,946 
 Securities held outright                                   660,213     +   1,400     +  51,723       660,289 
    U.S. Treasury (1)                                       660,203     +   1,400     +  51,723       660,279 
       Bills (2)                                            242,720     +     287     +  36,273       242,792 
       Notes and bonds, nominal (2)                         402,422     +   1,100     +  13,856       402,422 
       Notes and bonds, inflation-indexed (2)                13,454             0     +   1,212        13,454 
       Inflation compensation (3)                             1,606     +      13     +     382         1,610 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    20,464     -   3,536     +   3,643        24,000 
 Loans to depository institutions                                52     -      83     -     256            51 
    Primary credit                                                3     -      79     +       3             3 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              48     -       5     -      18            48 
    Adjustment credit                                             0             0     -     242             0 
 Float                                                         483    -   1,008    -     166          252 
 Other Federal Reserve assets                                41,048     +     361     +     967        41,353 
Gold stock                                                   11,043             0     +       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,377     +      14     +     970        35,377 
                                                              
Total factors supplying reserve funds                       770,881     -   2,851     +  56,883       774,566 
                                                                          
Currency in circulation(5)                                  706,365     +   3,076     +  38,286       708,583 
Reverse repurchase agreements (6)                            17,554     -   2,334     +  17,554        17,386 
   Foreign official and international accounts               17,554     -   1,370     +  17,554        17,386 
   Dealers                                                        0     -     964             0             0 
Treasury cash holdings                                          375     -      14     -      11           348 
Deposits with F.R.Banks, other than reserve balances         16,855     -   1,037     +   1,201        16,653 
  U.S. Treasury, general account                              4,876     -     804     -     137         4,614 
  Foreign official                                               91     -     105     +      14           147 
  Service-related                                            11,579     -     145     +   1,251        11,579 
     Required clearing balances                              11,425     +       2     +   1,367        11,425 
     Adjustments to compensate for float                        154     -     147     -     116           154 
  Other                                                         309     +      16     +      73           314 
Other liabilities and capital                                20,243     +     218     +     231        20,446 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  761,392     -      91     +  57,261       763,416 
                                                              
Reserve balances with Federal Reserve Banks                   9,489     -   2,761     -     378        11,150 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,002,253     +     299      ------       1,005,334 
     U.S. Treasury                                          799,454     +     427      ------         799,679 
     Federal agency                                         202,799     -     128      ------         205,655 
  Securities lent to dealers                                  1,502     -      58     +     674         1,315 
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
Nov 12, 2003
Wednesday
Nov 5, 2003
Wednesday
Nov 13, 2002
Assets                                               
Gold certificate account                                         11,039                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                819         -      10         -     261 
Securities, repurchase agreements, and loans                    684,340         +   6,406         +  54,279 
   Securities held outright                                     660,289         +   1,404         +  51,295 
      U.S. Treasury (1)                                         660,279         +   1,404         +  51,295 
         Bills (2)                                              242,792         +     292         +  35,843 
         Notes and bonds, nominal (2)                           402,422         +   1,100         +  13,856 
         Notes and bonds, inflation-indexed (2)                    13,454                 0         +   1,212 
         Inflation compensation (3)                               1,610         +      11         +     383 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     24,000         +   5,000         +   3,000 
   Loans                                                             51         +       2         -      16 
Items in process of collection                      (157)         6,787         -   5,613         -   8,794 
Bank premises                                                     1,600         +       2         +      70 
Other assets (5)                                                 39,716         +     701         +     980 
      Total assets                                  (157)       746,501         +   1,486         +  46,274 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  674,369         +   3,520         +  37,868 
Reverse repurchase agreements (6)                                17,386         -   3,615         +  17,386 
Deposits                                              (0)        27,724         +   2,764         -   4,427 
  Depository institutions                                        22,650         +   3,083         -   4,595 
  U.S. Treasury, general account                                  4,614         -       1         +      22 
  Foreign official                                                  147         -     311         +      71 
  Other                                               (0)           314         -       6         +      76 
Deferred availability cash items                    (157)         6,576         -   1,788         -   5,306 
Other liabilities and accrued dividends (7)                       2,314         +      37         -     155 
      Total liabilities                             (157)       728,369         +     918         +  45,366 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,784         +      30         +     499 
Surplus                                                           8,380         +      45         +   1,068 
Other capital accounts                                              968         +     493         -     659 
      Total capital                                              18,132         +     568         +     909 
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 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 Loans and Securities, November 12, 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              13        34,595    -  14,230             0            0        24,000        17,386
16 days to 90 days          38       159,321    +  14,583            10            0             0             0
91 days to 1 year            0       157,975    +   1,039             0            0      ------       ------   
Over 1 to 5 years     ------         179,303    +       3             0            0      ------       ------   
Over 5 to 10 years    ------          51,966    +       4             0            0      ------       ------   
Over 10 years         ------          77,119    +       5             0            0      ------       ------   
           
All                         51       660,279    +   1,404            10            0        24,000       17,386 
 
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 November 12, 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                                             819          27          34          45          36          94         101          97          56          24          51         147         106 
Securities, repurchase agreements,                                 
      and loans                              684,340      31,922     306,493      20,646      30,940      50,778      44,607      66,732      20,775      14,760      17,758      25,876      53,053 
   Securities held outright                  660,289      31,922     282,493      20,643      30,940      50,778      44,607      66,722      20,774      14,739      17,745      25,876      53,050 
      U.S. Treasury (1)                      660,279      31,922     282,489      20,643      30,939      50,778      44,606      66,721      20,773      14,738      17,745      25,876      53,050 
         Bills (2)                           242,792      11,738     103,874       7,591      11,377      18,671      16,402      24,534       7,639       5,419       6,525       9,515      19,507 
         Notes and bonds(3)                  417,487      20,184     178,614      13,052      19,562      32,106      28,204      42,187      13,135       9,319      11,220      16,361      33,543 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                24,000           0      24,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       51           0           0           3           0           0           1           9           2          22          13           0           2 
Items in process of collection                 6,944         374         378         284         365          66         197         667         291         445         598         322       2,958 
Bank premises                                  1,600          92         190          52         150         144         277         122          43         125          55         174         177 
Other assets(5)                               39,716       1,840      14,322       1,105       2,471       6,230       2,317       3,712       1,031       1,183         949       1,148       3,407 
Interdistrict settlement account                   0     +   805     -    73     -   314     - 2,299     -   979     + 1,737     - 7,833     - 1,492     +    59     -   682     + 4,152     + 6,919 
          Total Assets                       746,658      35,670     326,923      22,281      32,244      57,288      50,265      64,691      21,108      16,849      19,099      32,424      67,817 
 
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 November 12, 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             790,465      37,016     326,176      27,987      33,159      59,128      65,074      66,988      23,294      15,693      21,374      37,513      77,064 
  Less: notes held by F.R. Banks              116,096       5,429      23,014       8,411       5,447       9,747      19,160       9,585       4,389       1,457       4,472       7,600      17,386 
    Federal Reserve notes, net                674,369      31,587     303,162      19,576      27,712      49,381      45,914      57,403      18,905      14,236      16,901      29,913      59,679 
Reverse repurchase agreements (1)              17,386         841       7,438         544         815       1,337       1,175       1,757         547         388         467         681       1,397 
Deposits                                       27,724       1,836      10,860       1,113       1,832       1,859       1,485       2,589         793         846         988       1,056       2,467 
  Depository institutions                      22,650       1,833       5,963       1,112       1,828       1,706       1,483       2,585         790         845         986       1,055       2,464 
  U.S. Treasury, general account                4,614           0       4,614           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                147           2         123           1           3           7           2           3           1           1           1           1           3 
  Other                                           314           1         160           0           2         146           1           0           2           0           1           1           0 
Deferred availability cash items                6,733         350         523         416         289         270         503         807         279         581         242         267       2,204 
Other liabilities and accrued                                                 
  dividends (2)                                 2,314         129         707          96         129         252         185         238         105          86          88         117         183 
                                                                    
    Total liabilities                         728,526      34,743     322,690      21,746      30,777      53,100      49,262      62,793      20,629      16,136      18,687      32,033      65,931 
                                                                    
Capital                                                             
Capital paid in                                 8,784         448       2,003         259         725       2,066         485         918         231         348         196         184         920 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     968          43         421          43          40          48          43         123          49          25          15          21          97 
     Total liabilities and capital            746,658      35,670     326,923      22,281      32,244      57,288      50,265      64,691      21,108      16,849      19,099      32,424      67,817 
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
Nov 12, 2003
Federal Reserve notes outstanding          790,465  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   116,096  
      Federal Reserve Notes to be         
         collateralized                    674,369  
Collateral held against Federal Reserve             
   notes                                   674,369  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           661,130  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      684,289  
   Less:face value of securities under    
         reverse repurchase agreements      17,409  
      U.S. Treasury and agency securities  
             eligible to be pledged        666,880  
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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