Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 15, 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
April 15, 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
Apr 14, 2004
Week ended
Apr 14, 2004
Change from week ended
Apr 7, 2004 Apr 16, 2003
                                                              
Reserve Bank Credit                                         740,217     +   6,663     +  28,929       743,982 
 Securities held outright                                   674,520     +     319     +  28,851       674,717 
    U.S. Treasury (1)                                       674,520     +     319     +  28,861       674,717 
       Bills (2)                                            246,942     +     298     +  11,229       247,132 
       Notes and bonds, nominal (2)                         411,388             0     +  15,628       411,388 
       Notes and bonds, inflation-indexed (2)                14,464             0     +   1,650        14,464 
       Inflation compensation (3)                             1,725     +      20     +     354         1,733 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    25,729     +   6,158     -   1,092        29,700 
 Loans to depository institutions                                85     +      12     +      49            86 
    Primary credit                                               33     -       3     +      17            30 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              52     +      15     +      32            56 
 Float                                                         -463     +      34     -     178          -776 
 Other Federal Reserve assets                               40,347    +     142    +   1,301       40,255 
Gold stock                                                   11,045             0     +       2        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,685     +      14     +     841        35,685 
                                                              
Total factors supplying reserve funds                       789,147     +   6,676     +  29,772       792,913 
                                                                          
Currency in circulation(5)                                  717,499     +   1,356     +  29,865       718,780 
Reverse repurchase agreements (6)                            20,136     +     737     -     609        19,470 
   Foreign official and international accounts               20,136     +     737     -     609        19,470 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          345     -      18     -      12           340 
Deposits with F.R.Banks, other than reserve balances         16,146     +     127     -   1,665        15,905 
  U.S. Treasury, general account                              5,158     +     148     -   1,312         4,902 
  Foreign official                                               83     -      10     -      37            85 
  Service-related                                            10,568             0     -     412        10,568 
     Required clearing balances                              10,567     +       5     -     253        10,567 
     Adjustments to compensate for float                          2     -       3     -     158             2 
  Other                                                         338     -      10     +      97           350 
Other liabilities and capital                                20,556     -     275     +     615        20,316 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  774,683     +   1,928     +  28,193       774,810 
                                                              
Reserve balances with Federal Reserve Banks                  14,464     +   4,749     +   1,579        18,103 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,180,378     +   4,324     + 282,180     1,182,058 
     U.S. Treasury                                          949,575     +   7,935     + 229,519       951,963 
     Federal agency                                         230,803     -   3,612     +  52,660       230,096 
  Securities lent to dealers                                    959     -     985     +     509         2,236 
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
Apr 14, 2004
Wednesday
Apr 7, 2004
Wednesday
Apr 16, 2003
Assets                                               
Gold certificate account                                         11,041                 0         +       3 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                834         -      10         -     222 
Securities, repurchase agreements, and loans                    704,503         +  10,380         +  19,662 
   Securities held outright                                     674,717         +     423         +  27,922 
      U.S. Treasury (1)                                         674,717         +     423         +  27,932 
         Bills (2)                                              247,132         +     403         +  11,318 
         Notes and bonds, nominal (2)                           411,388                 0         +  14,612 
         Notes and bonds, inflation-indexed (2)                    14,464                 0         +   1,650 
         Inflation compensation (3)                               1,733         +      20         +     353 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     29,700         +   9,950         -   8,300 
   Loans                                                             86         +       7         +      40 
Items in process of collection                    (1,080)         5,721         -     639         -   2,563 
Bank premises                                                     1,662         +       4         +     103 
Other assets (5)                                                 38,644         -      90         +     842 
      Total assets                                (1,080)       764,605         +   9,645         +  17,824 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  684,264         +     486         +  28,752 
Reverse repurchase agreements (6)                                19,470         +     398         -     331 
Deposits                                              (0)        34,058         +   9,176         -   8,737 
  Depository institutions                                        28,722         +   8,836         -   4,915 
  U.S. Treasury, general account                                  4,902         +     341         -   3,919 
  Foreign official                                                   85         -      11         -      16 
  Other                                               (0)           350         +      12         +     114 
Deferred availability cash items                  (1,080)         6,497         -     203         -   2,306 
Other liabilities and accrued dividends (7)                       2,269         +      36         +      30 
      Total liabilities                           (1,080)       746,559         +   9,894         +  17,410 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,983         +       1         +     461 
Surplus                                                           8,767         -      80         +     387 
Other capital accounts                                              296         -     170         -     433 
      Total capital                                              18,046         -     249         +     414 
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, April 14, 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              41        46,285    +   1,451             0            0        29,700        19,470
16 days to 90 days          46       155,706    -     489             0            0             0             0
91 days to 1 year            0       161,460    -     560             0            0      ------       ------   
Over 1 to 5 years     ------         183,807    +       8             0            0      ------       ------   
Over 5 to 10 years    ------          50,012    +       5             0            0      ------       ------   
Over 10 years         ------          77,447    +       7             0            0      ------       ------   
           
All                         86       674,717    +     423             0            0        29,700       19,470 
 
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 April 14, 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         494       4,651         382         452         819         894         924         325         218         302         525       1,055 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             834          39          36          48          38          85          81         115          64          30          46         149         104 
Securities, repurchase agreements,                                 
      and loans                              704,503      31,690     322,266      20,068      28,831      51,281      45,501      60,795      19,835      14,732      17,735      30,764      61,006 
   Securities held outright                  674,717      31,683     292,566      20,068      28,831      51,281      45,501      60,777      19,823      14,716      17,730      30,764      60,976 
      U.S. Treasury (1)                      674,717      31,683     292,566      20,068      28,831      51,281      45,501      60,777      19,823      14,716      17,730      30,764      60,976 
         Bills (2)                           247,132      11,605     107,160       7,350      10,560      18,783      16,666      22,261       7,260       5,390       6,494      11,268      22,334 
         Notes and bonds(3)                  427,585      20,078     185,406      12,717      18,271      32,498      28,835      38,516      12,562       9,326      11,236      19,496      38,642 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                29,700           0      29,700           0           0           0           0           0           0           0           0           0           0 
      Loans                                       86           7           0           0           0           0           0          17          13          15           5           0          30 
Items in process of collection                 6,801         393         322         423         398         637         661         425         286         365         501         338       2,051 
Bank premises                                  1,662          95         191          52         152         144         279         128          49         124          74         193         180 
Other assets(5)                               38,644       1,751      13,988       1,164       2,343       5,962       2,221       3,477       1,010       1,131         806       1,009       3,783 
Interdistrict settlement account                   0     + 3,524     -19,556     + 1,506     -   263     +   178     + 1,346     - 1,462     +   493     -   354     +   839     + 3,908     + 9,842 
          Total Assets                       765,685      38,100     322,772      23,726      32,055      59,253      51,149      64,615      22,133      16,276      20,368      36,983      78,255 
 
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 April 14, 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             806,002      38,862     323,294      29,468      32,362      59,906      64,004      66,645      23,484      15,760      22,278      41,535      88,402 
  Less: notes held by F.R. Banks              121,738       4,948      31,404       8,432       5,190      10,945      18,084       8,297       3,531       1,468       4,098       7,049      18,291 
    Federal Reserve notes, net                684,264      33,915     291,891      21,036      27,172      48,961      45,920      58,348      19,953      14,292      18,180      34,486      70,111 
Reverse repurchase agreements (1)              19,470         914       8,443         579         832       1,480       1,313       1,754         572         425         512         888       1,760 
Deposits                                       34,058       1,624      16,864         948       1,943       3,959       1,925       1,934         789         406         828         821       2,016 
  Depository institutions                      28,722       1,614      11,727         947       1,938       3,792       1,924       1,931         786         405         826         820       2,012 
  U.S. Treasury, general account                4,902           0       4,902           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 85           2          62           1           2           7           2           3           1           1           1           0           4 
  Other                                           350           9         174           0           2         160           0           0           3           0           1           0           0 
Deferred availability cash items                7,577         602         589         521         532         539         832         536         256         466         449         416       1,839 
Other liabilities and accrued                                                 
  dividends (2)                                 2,269         129         709          93         120         238         186         216         103          82          85         118         189 
                                                                    
    Total liabilities                         747,639      37,184     318,496      23,178      30,599      55,177      50,177      62,788      21,673      15,671      20,053      36,729      75,914 
                                                                    
Capital                                                             
Capital paid in                                 8,983         462       2,105         275         739       2,058         485         909         232         265         151         120       1,183 
Surplus                                         8,767         448       2,031         259         717       2,019         487         918         228         339         162         111       1,048 
Other capital                                     296           6         140          14           0           0           0           0           1           0           2          23         110 
     Total liabilities and capital            765,685      38,100     322,772      23,726      32,055      59,253      51,149      64,615      22,133      16,276      20,368      36,983      78,255 
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
Apr 14, 2004
Federal Reserve notes outstanding          806,002  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   121,738  
      Federal Reserve Notes to be         
         collateralized                    684,264  
Collateral held against Federal Reserve             
   notes                                   684,264  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           671,023  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      704,417  
   Less:face value of securities under    
         reverse repurchase agreements      19,475  
      U.S. Treasury and agency securities  
             eligible to be pledged        684,942  
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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