Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: November 28, 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 28, 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 26, 2003
Week ended
Nov 26, 2003
Change from week ended
Nov 19, 2003 Nov 27, 2002
                                                              
Reserve Bank Credit                                         729,194     +   1,210     +  60,171       736,524 
 Securities held outright                                   663,499     +   1,536     +  54,254       664,525 
    U.S. Treasury (1)                                       663,489     +   1,536     +  54,254       664,515 
       Bills (2)                                            243,194     +     308     +  36,002       243,253 
       Notes and bonds, nominal (2)                         405,211     +   1,216     +  16,645       406,173 
       Notes and bonds, inflation-indexed (2)                13,454             0     +   1,212        13,454 
       Inflation compensation (3)                             1,629     +      12     +     394         1,634 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    27,393     +   3,322     +   4,357        33,500 
 Loans to depository institutions                                46     -      19     -      11            43 
    Primary credit                                                5     -      17     +       5             8 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              42     -       1     -      12            36 
    Adjustment credit                                             0             0     -       3             0 
 Float                                                          64    -   1,770    +      49          -60 
 Other Federal Reserve assets                                38,192     -   1,857     +   1,521        38,516 
Gold stock                                                   11,043             0     +       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,405     +      14     +     955        35,405 
                                                              
Total factors supplying reserve funds                       777,842     +   1,224     +  61,126       785,173 
                                                                          
Currency in circulation(5)                                  708,826     +   1,982     +  38,891       713,335 
Reverse repurchase agreements (6)                            18,228     -     999     +  18,228        17,955 
   Foreign official and international accounts               18,228     -     999     +  18,228        17,955 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          307     -      35     -      77           324 
Deposits with F.R.Banks, other than reserve balances         17,738     +     468     +   1,792        17,882 
  U.S. Treasury, general account                              5,223     +     572     +     207         5,377 
  Foreign official                                               85     +       5     -      40            82 
  Service-related                                            12,167     -      33     +   1,542        12,167 
     Required clearing balances                              11,851     +       2     +   1,570        11,851 
     Adjustments to compensate for float                        316     -      35     -      27           316 
  Other                                                         263     -      76     +      83           255 
Other liabilities and capital                                20,672     -      74     +   1,189        20,405 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  765,772     +   1,343     +  60,024       769,900 
                                                              
Reserve balances with Federal Reserve Banks                  12,071     -     118     +   1,103        15,273 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,028,504     +  14,361      ------       1,033,191 
     U.S. Treasury                                          818,758     +  14,078      ------         822,102 
     Federal agency                                         209,746     +     284      ------         211,089 
  Securities lent to dealers                                  1,669     -     277     +      40           856 
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 26, 2003
Wednesday
Nov 19, 2003
Wednesday
Nov 27, 2002
Assets                                               
Gold certificate account                                         11,039                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                777         -      33         -     272 
Securities, repurchase agreements, and loans                    698,068         +  13,308         +  59,384 
   Securities held outright                                     664,525         +   1,812         +  54,901 
      U.S. Treasury (1)                                         664,515         +   1,812         +  54,901 
         Bills (2)                                              243,253         +     295         +  35,685 
         Notes and bonds, nominal (2)                           406,173         +   1,504         +  17,607 
         Notes and bonds, inflation-indexed (2)                    13,454                 0         +   1,212 
         Inflation compensation (3)                               1,634         +      13         +     397 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     33,500         +  11,500         +   4,500 
   Loans                                                             43         -       4         -      17 
Items in process of collection                    (1,119)         7,307         -   1,391         -     811 
Bank premises                                                     1,605         +       3         +      75 
Other assets (5)                                                 36,864         +     540         +   1,542 
      Total assets                                (1,119)       757,859         +  12,426         +  59,918 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  679,026         +   5,592         +  37,740 
Reverse repurchase agreements (6)                                17,955         +      53         +  17,955 
Deposits                                              (0)        32,954         +   7,030         +   3,491 
  Depository institutions                                        27,239         +   6,874         +   3,267 
  U.S. Treasury, general account                                  5,377         +     202         +     295 
  Foreign official                                                   82         +       6         -     142 
  Other                                               (0)           255         -      53         +      71 
Deferred availability cash items                  (1,119)         7,520         -     179         -     237 
Other liabilities and accrued dividends (7)                       2,336         +      27         -      91 
      Total liabilities                           (1,119)       739,791         +  12,523         +  58,858 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,828         +      42         +     479 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                              860         -     139         -     488 
      Total capital                                              18,068         -      97         +   1,060 
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 26, 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              38        50,036    +      26            10           10        29,500        17,955
16 days to 90 days           6       142,619    -      14             0    -      10         4,000             0
91 days to 1 year            0       165,225    +     283             0            0      ------       ------   
Over 1 to 5 years     ------         178,532    +     721             0            0      ------       ------   
Over 5 to 10 years    ------          50,975    +     792             0            0      ------       ------   
Over 10 years         ------          77,128    +       5             0            0      ------       ------   
           
All                         43       664,515    +   1,812            10            0        33,500       17,955 
 
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 26, 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                                             777          27          32          43          34          90          92          93          54          24          45         147          97 
Securities, repurchase agreements,                                 
      and loans                              698,068      32,127     317,805      20,776      31,138      51,104      44,899      67,160      20,909      14,841      17,870      26,042      53,396 
   Securities held outright                  664,525      32,127     284,305      20,776      31,138      51,104      44,893      67,150      20,907      14,833      17,859      26,042      53,391 
      U.S. Treasury (1)                      664,515      32,126     284,301      20,775      31,138      51,103      44,892      67,149      20,906      14,833      17,858      26,042      53,390 
         Bills (2)                           243,253      11,760     104,071       7,605      11,398      18,707      16,433      24,581       7,653       5,430       6,537       9,533      19,544 
         Notes and bonds(3)                  421,262      20,366     180,229      13,170      19,739      32,396      28,459      42,569      13,253       9,403      11,321      16,509      33,846 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                33,500           0      33,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                       43           0           0           0           0           0           6          10           2           8          12           0           5 
Items in process of collection                 8,425         521         706         414         642         690         538         723         330         391         566         359       2,544 
Bank premises                                  1,605          92         189          52         150         144         277         122          44         125          55         178         176 
Other assets(5)                               36,864       1,702      13,117       1,012       2,338       6,034       2,112       3,417         940       1,119         868       1,031       3,174 
Interdistrict settlement account                   0     + 1,415     - 6,682     +   619     - 2,282     -   210     + 2,272     - 6,705     - 1,660     -   202     -   605     + 4,963     + 9,075 
          Total Assets                       758,978      36,494     330,748      23,378      32,602      58,807      51,220      66,006      21,020      16,552      19,168      33,325      69,659 
 
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 26, 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             795,715      37,348     327,133      29,170      33,205      59,546      66,102      66,683      23,194      15,627      21,461      38,266      77,980 
  Less: notes held by F.R. Banks              116,689       5,318      24,217       8,397       5,169      10,049      19,927       9,218       4,277       1,370       4,417       7,379      16,950 
    Federal Reserve notes, net                679,026      32,029     302,915      20,773      28,036      49,497      46,176      57,465      18,917      14,257      17,043      30,886      61,030 
Reverse repurchase agreements (1)              17,955         868       7,682         561         841       1,381       1,213       1,814         565         401         483         704       1,443 
Deposits                                       32,954       1,985      14,166       1,026       1,669       2,736       1,748       3,909         697         621         727         884       2,786 
  Depository institutions                      27,239       1,980       8,568       1,025       1,666       2,648       1,745       3,905         693         620         725         883       2,782 
  U.S. Treasury, general account                5,377           0       5,377           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 82           2          59           1           3           7           2           3           1           1           1           1           3 
  Other                                           255           4         161           1           1          81           1           1           3           0           1           1           0 
Deferred availability cash items                8,639         568       1,043         392         460         736         899         695         264         487         457         421       2,217 
Other liabilities and accrued                                                 
  dividends (2)                                 2,336         130         708          94         129         268         188         239         108          84          86         116         186 
                                                                    
    Total liabilities                         740,910      35,581     326,514      22,847      31,136      54,617      50,223      64,122      20,551      15,850      18,796      33,011      67,662 
                                                                    
Capital                                                             
Capital paid in                                 8,828         448       2,026         259         725       2,067         487         920         232         345         163         111       1,046 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     860          29         399          39          39          49          35         106          38          17           9          16          83 
     Total liabilities and capital            758,978      36,494     330,748      23,378      32,602      58,807      51,220      66,006      21,020      16,552      19,168      33,325      69,659 
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 26, 2003
Federal Reserve notes outstanding          795,715  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   116,689  
      Federal Reserve Notes to be         
         collateralized                    679,026  
Collateral held against Federal Reserve             
   notes                                   679,026  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           665,787  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      698,025  
   Less:face value of securities under    
         reverse repurchase agreements      17,959  
      U.S. Treasury and agency securities  
             eligible to be pledged        680,066  
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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