Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  December 26, 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
December 26, 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
Dec 24, 2003
Week ended
Dec 24, 2003
Change from week ended
Dec 17, 2003 Dec 25, 2002
                                                              
Reserve Bank Credit                                         739,526     +   7,672     +  35,949       745,003 
 Securities held outright                                   666,034     +     141     +  36,624       666,216 
    U.S. Treasury (1)                                       666,034     +     141     +  36,634       666,216 
       Bills (2)                                            244,197     +     145     +  17,515       244,381 
       Notes and bonds, nominal (2)                         406,173             0     +  16,954       406,173 
       Notes and bonds, inflation-indexed (2)                13,994             0     +   1,752        13,994 
       Inflation compensation (3)                             1,670     -       4     +     414         1,668 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    33,179     +   7,608     -   1,142        36,500 
 Loans to depository institutions                                70     +      33     +      11           175 
    Primary credit                                               33     +      28     +      33           135 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              37     +       5     -       9            39 
    Adjustment credit                                             0             0     -      13             0 
 Float                                                         434    -     471    -     644        2,061 
 Other Federal Reserve assets                                39,810     +     362     +   1,102        40,051 
Gold stock                                                   11,043             0             0        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,461     +      14     +     895        35,461 
                                                              
Total factors supplying reserve funds                       788,230     +   7,686     +  36,844       793,707 
                                                                          
Currency in circulation(5)                                  718,646     +   5,110     +  37,123       723,150 
Reverse repurchase agreements (6)                            19,430     +   1,214     -   1,478        19,764 
   Foreign official and international accounts               19,430     +   1,464     -   1,478        19,764 
   Dealers                                                        0     -     250             0             0 
Treasury cash holdings                                          319     -       4     -      42           319 
Deposits with F.R.Banks, other than reserve balances         17,197     -     722     +   1,012        17,205 
  U.S. Treasury, general account                              4,701     -     921     +      23         4,670 
  Foreign official                                               96     +       7     -      18           128 
  Service-related                                            12,154     +     187     +     973        12,154 
     Required clearing balances                              11,846             0     +   1,394        11,846 
     Adjustments to compensate for float                        308     +     186     -     421           308 
  Other                                                         247     +       6     +      35           253 
Other liabilities and capital                                20,759     -      74     +     318        20,521 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  776,352     +   5,525     +  36,935       780,960 
                                                              
Reserve balances with Federal Reserve Banks                  11,878     +   2,161     -      91        12,747 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,060,521     +   6,502     + 211,654     1,061,848 
     U.S. Treasury                                          847,720     +   6,688     + 161,723       851,119 
     Federal agency                                         212,801     -     187     +  49,931       210,729 
  Securities lent to dealers                                  2,063     +     432     +   1,759         2,884 
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 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
Dec 24, 2003
Wednesday
Dec 17, 2003
Wednesday
Dec 25, 2002
Assets                                               
Gold certificate account                                         11,039                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                747         -      15         -     264 
Securities, repurchase agreements, and loans                    702,891         +  11,887         +  36,170 
   Securities held outright                                     666,216         +     263         +  36,804 
      U.S. Treasury (1)                                         666,216         +     263         +  36,814 
         Bills (2)                                              244,381         +     268         +  17,699 
         Notes and bonds, nominal (2)                           406,173                 0         +  16,954 
         Notes and bonds, inflation-indexed (2)                    13,994                 0         +   1,752 
         Inflation compensation (3)                               1,668         -       4         +     410 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     36,500         +  11,500         -     750 
   Loans                                                            175         +     125         +     116 
Items in process of collection                      (967)        10,896         +     785         -   2,343 
Bank premises                                                     1,623         +      13         +      83 
Other assets (5)                                                 38,497         +     409         +   1,140 
      Total assets                                  (967)       767,892         +  13,080         +  34,785 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  688,750         +   7,102         +  36,859 
Reverse repurchase agreements (6)                                19,764         +   2,107         -     632 
Deposits                                              (0)        30,293         +   3,783         +     589 
  Depository institutions                                        25,242         +   6,507         +     541 
  U.S. Treasury, general account                                  4,670         -   2,785         +       8 
  Foreign official                                                  128         +      45         -      11 
  Other                                               (0)           253         +      17         +      50 
Deferred availability cash items                    (967)         8,562         +     230         -   1,885 
Other liabilities and accrued dividends (7)                       2,367         +      37         -      94 
      Total liabilities                             (967)       749,737         +  13,260         +  34,839 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,843         +       4         +     461 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                              931         -     186         -   1,585 
      Total capital                                              18,154         -     182         -      55 
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, December 24, 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             175        54,448    +  16,180             0            0        36,500        19,764
16 days to 90 days           0       140,122    -  15,822             0            0             0             0
91 days to 1 year            0       164,116    -      92             0            0      ------       ------   
Over 1 to 5 years     ------         179,070    -       1             0            0      ------       ------   
Over 5 to 10 years    ------          51,313    -       2             0            0      ------       ------   
Over 10 years         ------          77,147    -       2             0            0      ------       ------   
           
All                        175       666,216    +     263             0            0        36,500       19,764 
 
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 December 24, 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                                             747          25          33          39          36          84          86          92          53          24          43         143          89 
Securities, repurchase agreements,                                 
      and loans                              702,891      32,209     321,529      20,829      31,217      51,234      45,012      67,344      20,960      14,882      17,911      26,109      53,657 
   Securities held outright                  666,216      32,209     285,029      20,829      31,217      51,234      45,007      67,321      20,960      14,871      17,904      26,109      53,527 
      U.S. Treasury (1)                      666,216      32,209     285,029      20,829      31,217      51,234      45,007      67,321      20,960      14,871      17,904      26,109      53,527 
         Bills (2)                           244,381      11,815     104,554       7,640      11,451      18,794      16,509      24,695       7,689       5,455       6,568       9,577      19,635 
         Notes and bonds(3)                  421,836      20,394     180,475      13,188      19,766      32,440      28,498      42,627      13,271       9,416      11,337      16,532      33,892 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                36,500           0      36,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                      175           0           0           0           0           0           5          22           0          11           6           0         130 
Items in process of collection                11,863       1,034       1,281         684       1,078         662       1,212         849         639         433         647         438       2,905 
Bank premises                                  1,623          92         190          53         150         144         277         124          51         125          56         181         178 
Other assets(5)                               38,497       1,790      13,536       1,138       2,439       6,256       2,226       3,588         987       1,182         924       1,093       3,338 
Interdistrict settlement account                   0     + 2,952     -11,592     +   901     - 2,318     -   264     + 3,221     - 6,897     - 1,693     -   453     -   213     + 6,570     + 9,787 
          Total Assets                       768,859      38,712     330,556      24,106      33,184      59,070      53,063      66,294      21,400      16,446      19,738      35,139      71,151 
 
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 December 24, 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             801,244      38,808     326,915      29,391      33,214      60,221      65,999      67,283      23,289      15,538      21,601      39,830      79,156 
  Less: notes held by F.R. Banks              112,494       4,823      24,006       8,293       4,900      10,260      18,415       8,550       4,085       1,400       4,126       7,179      16,456 
    Federal Reserve notes, net                688,750      33,985     302,908      21,098      28,314      49,961      47,583      58,733      19,204      14,138      17,475      32,651      62,700 
Reverse repurchase agreements (1)              19,764         956       8,456         618         926       1,520       1,335       1,997         622         441         531         775       1,588 
Deposits                                       30,293       2,054      13,184       1,385       1,678       2,462       1,923       2,606         670         711         827         764       2,030 
  Depository institutions                      25,242       2,051       8,253       1,383       1,673       2,368       1,921       2,601         667         710         825         763       2,027 
  U.S. Treasury, general account                4,670           0       4,670           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                128           2         105           1           3           7           2           3           1           1           1           1           3 
  Other                                           253           1         155           1           3          86           0           1           2           0           1           1           0 
Deferred availability cash items                9,529         666       1,162         378         654         652       1,022         836         327         366         441         518       2,508 
Other liabilities and accrued                                                 
  dividends (2)                                 2,367         134         720          94         130         275         187         235         106          88          88         120         191 
                                                                    
    Total liabilities                         750,704      37,794     326,429      23,573      31,703      54,869      52,051      64,407      20,928      15,744      19,362      34,827      69,017 
                                                                    
Capital                                                             
Capital paid in                                 8,843         448       2,028         259         729       2,074         490         917         232         345         162         111       1,048 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     931          33         290          42          50          54          46         113          40          18          13          15         218 
     Total liabilities and capital            768,859      38,712     330,556      24,106      33,184      59,070      53,063      66,294      21,400      16,446      19,738      35,139      71,151 
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
Dec 24, 2003
Federal Reserve notes outstanding          801,244  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   112,494  
      Federal Reserve Notes to be         
         collateralized                    688,750  
Collateral held against Federal Reserve             
   notes                                   688,750  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           675,512  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      702,716  
   Less:face value of securities under    
         reverse repurchase agreements      19,769  
      U.S. Treasury and agency securities  
             eligible to be pledged        682,947  
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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