Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  March 11, 2004
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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
March 11, 2004
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
Mar 10, 2004
Week ended
Mar 10, 2004
Change from week ended
Mar 3, 2004 Mar 12, 2003
                                                              
Reserve Bank Credit                                         729,556     -   7,040     +  33,220       730,248 
 Securities held outright                                   672,592     +   1,006     +  34,006       673,039 
    U.S. Treasury (1)                                       672,592     +   1,006     +  34,016       673,039 
       Bills (2)                                            246,342     +     142     +  15,170       246,372 
       Notes and bonds, nominal (2)                         410,563     +     779     +  16,652       410,563 
       Notes and bonds, inflation-indexed (2)                14,062     +      68     +   1,820        14,464 
       Inflation compensation (3)                             1,625     +      17     +     374         1,639 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    18,000     -   8,286     -   1,214        18,750 
 Loans to depository institutions                                26     +       2     -      19            19 
    Primary credit                                                7     +       4     -      29             0 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              19     -       2     +      10            19 
 Float                                                          -39     -     190     -     511          -629 
 Other Federal Reserve assets                               38,977    +     428    +     958       39,069 
Gold stock                                                   11,045             0     +       2        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,615     +      14     +     883        35,615 
                                                              
Total factors supplying reserve funds                       778,417     -   7,025     +  34,106       779,108 
                                                                          
Currency in circulation(5)                                  713,676     +     335     +  30,647       714,915 
Reverse repurchase agreements (6)                            18,320     -   2,289     -      12        19,191 
   Foreign official and international accounts               18,320     -   2,289     -      12        19,191 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          315     -       2     -      41           320 
Deposits with F.R.Banks, other than reserve balances         16,951     +     719     +      54        15,881 
  U.S. Treasury, general account                              5,527     -      91     +     331         4,415 
  Foreign official                                               94     +       3     -      11           138 
  Service-related                                            11,004     +     797     -     359        11,004 
     Required clearing balances                              10,885     +     806     +     513        10,885 
     Adjustments to compensate for float                        119     -       9     -     872           119 
  Other                                                         327     +      11     +      94           324 
Other liabilities and capital                                20,207     +     240     +     192        20,242 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  769,469     -     997     +  30,840       770,548 
                                                              
Reserve balances with Federal Reserve Banks                   8,948     -   6,029     +   3,266         8,560 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,159,797     +   8,117     + 258,032     1,165,209 
     U.S. Treasury                                          925,674     +   9,176     + 202,502       931,866 
     Federal agency                                         234,123     -   1,059     +  55,530       233,342 
  Securities lent to dealers                                  2,510     +   1,106     +   2,064         3,026 
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
Mar 10, 2004
Wednesday
Mar 3, 2004
Wednesday
Mar 12, 2003
Assets                                               
Gold certificate account                                         11,041                 0         +       2 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                857         -      10         -     213 
Securities, repurchase agreements, and loans                    691,808         -   3,600         +  34,325 
   Securities held outright                                     673,039         +   1,407         +  34,315 
      U.S. Treasury (1)                                         673,039         +   1,407         +  34,325 
         Bills (2)                                              246,372         +     132         +  15,067 
         Notes and bonds, nominal (2)                           410,563         +     779         +  16,652 
         Notes and bonds, inflation-indexed (2)                    14,464         +     470         +   2,222 
         Inflation compensation (3)                               1,639         +      26         +     383 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     18,750         -   5,000                 0 
   Loans                                                             19         -       7         +      10 
Items in process of collection                      (881)         6,157         -   1,897         -   1,733 
Bank premises                                                     1,651         +       2         +      94 
Other assets (5)                                                 37,132         +     587         +     370 
      Total assets                                  (881)       750,845         -   4,918         +  32,844 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  680,472         +     242         +  29,348 
Reverse repurchase agreements (6)                                19,191         +     305         +   1,279 
Deposits                                              (0)        24,155         -   4,046         +   2,812 
  Depository institutions                                        19,278         -   3,809         +   3,059 
  U.S. Treasury, general account                                  4,415         -     283         -     360 
  Foreign official                                                  138         +      56         +      22 
  Other                                               (0)           324         -      11         +      91 
Deferred availability cash items                    (881)         6,785         -   1,895         -   1,112 
Other liabilities and accrued dividends (7)                       2,256         +      36         -       9 
      Total liabilities                             (881)       732,859         -   5,358         +  32,318 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,971         +       5         +     480 
Surplus                                                           8,681         +     173         +     301 
Other capital accounts                                              334         +     262         -     255 
      Total capital                                              17,986         +     439         +     526 
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, March 10, 2004
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               3        41,734    -     564             0            0        18,750        19,191
16 days to 90 days          16       159,765    +     533             0            0             0             0
91 days to 1 year            0       161,316    +     164             0            0      ------       ------   
Over 1 to 5 years     ------         183,073    +     726             0            0      ------       ------   
Over 5 to 10 years    ------          49,740    +     499             0            0      ------       ------   
Over 10 years         ------          77,413    +      52             0            0      ------       ------   
           
All                         19       673,039    +   1,407             0            0        18,750       19,191 
 
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 March 10, 2004
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                      11,041         495       4,708         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                                             857          39          39          46          45          89          85         111          60          29          50         150         115 
Securities, repurchase agreements,                                 
      and loans                              691,808      32,541     306,698      21,042      31,537      51,759      45,468      68,021      21,178      15,027      18,088      26,376      54,075 
   Securities held outright                  673,039      32,538     287,948      21,042      31,537      51,759      45,468      68,011      21,175      15,023      18,088      26,376      54,075 
      U.S. Treasury (1)                      673,039      32,538     287,948      21,042      31,537      51,759      45,468      68,011      21,175      15,023      18,088      26,376      54,075 
         Bills (2)                           246,372      11,911     105,406       7,703      11,544      18,947      16,644      24,896       7,751       5,499       6,621       9,655      19,795 
         Notes and bonds(3)                  426,667      20,627     182,542      13,339      19,993      32,812      28,824      43,115      13,423       9,524      11,466      16,721      34,280 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                18,750           0      18,750           0           0           0           0           0           0           0           0           0           0 
      Loans                                       19           2           0           0           0           0           0          10           3           4           0           0           0 
Items in process of collection                 7,038         366         386         557         378         376         828         472         426         395         433         302       2,118 
Bank premises                                  1,651          95         189          52         151         145         277         126          48         125          74         189         180 
Other assets(5)                               37,132       1,697      13,275       1,144       2,330       5,850       2,117       3,500         981       1,105         775         848       3,510 
Interdistrict settlement account                   0     + 1,937     - 9,712     +   986     - 3,257     - 1,403     +   579     - 8,032     - 1,424     -   800     +    13     + 7,455     +13,659 
          Total Assets                       751,726      37,285     316,456      24,289      31,765      57,770      50,384      65,391      21,671      16,135      19,801      35,924      74,853 
 
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 March 10, 2004
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             803,019      39,204     324,147      29,547      32,793      60,287      63,991      67,002      23,558      15,859      22,139      40,397      84,096 
  Less: notes held by F.R. Banks              122,547       5,186      32,421       8,184       5,111      10,358      18,343       8,528       3,778       1,604       4,329       6,725      17,978 
    Federal Reserve notes, net                680,472      34,017     291,726      21,363      27,681      49,929      45,647      58,474      19,780      14,254      17,809      33,672      66,118 
Reverse repurchase agreements (1)              19,191         928       8,210         600         899       1,476       1,296       1,939         604         428         516         752       1,542 
Deposits                                       24,155         749      10,688         799       1,233       1,605       1,398       2,384         535         402         684         770       2,908 
  Depository institutions                      19,278         746       5,999         798       1,229       1,443       1,396       2,380         530         401         682         769       2,904 
  U.S. Treasury, general account                4,415           0       4,415           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                138           2         114           1           2           7           2           3           1           1           1           0           4 
  Other                                           324           2         160           0           1         155           0           1           4           0           1           0           0 
Deferred availability cash items                7,666         566         734         887         402         481         861         514         194         368         383         377       1,899 
Other liabilities and accrued                                                 
  dividends (2)                                 2,256         128         722          92         119         236         182         224         104          78          87         110         173 
                                                                    
    Total liabilities                         733,740      36,388     312,082      23,741      30,335      53,727      49,385      63,536      21,216      15,530      19,479      35,681      72,639 
                                                                    
Capital                                                             
Capital paid in                                 8,971         449       2,100         273         723       2,089         492         908         223         265         150         116       1,183 
Surplus                                         8,681         448       2,031         259         707       1,955         489         924         228         340         159         111       1,030 
Other capital                                     334           0         244          16           0           0          19          23           3           0          13          16           0 
     Total liabilities and capital            751,726      37,285     316,456      24,289      31,765      57,770      50,384      65,391      21,671      16,135      19,801      35,924      74,853 
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
Mar 10, 2004
Federal Reserve notes outstanding          803,019  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   122,547  
      Federal Reserve Notes to be         
         collateralized                    680,472  
Collateral held against Federal Reserve             
   notes                                   680,472  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           667,232  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      691,789  
   Less:face value of securities under    
         reverse repurchase agreements      19,196  
      U.S. Treasury and agency securities  
             eligible to be pledged        672,593  
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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