Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  July 22, 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
July 22, 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
Jul 21, 2004
Week ended
Jul 21, 2004
Change from week ended
Jul 14, 2004 Jul 23, 2003
                                                              
Reserve Bank Credit                                         756,215     +     719     +  39,509       758,049 
 Securities held outright                                   692,281     +   2,507     +  39,517       692,299 
    U.S. Treasury (1)                                       692,281     +   2,507     +  39,527       692,299 
       Bills (2)                                            255,238     +     214     +  15,622       255,248 
       Notes and bonds, nominal (2)                         420,150     +   1,899     +  21,297       420,150 
       Notes and bonds, inflation-indexed (2)                14,862     +     341     +   2,048        14,862 
       Inflation compensation (3)                             2,031     +      54     +     561         2,039 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    23,536     -   1,714     -     714        25,500 
 Loans to depository institutions                               240     -       3     +     121           233 
    Primary credit                                               26     -      27     +      22             7 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             214     +      23     +      99           226 
 Float                                                         -260     -      58     -     302          -305 
 Other Federal Reserve assets                               40,418    -      13    +     887       40,322 
Gold stock                                                   11,045             0     +       1        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,022     +      14     +     909        36,022 
                                                              
Total factors supplying reserve funds                       805,481     +     733     +  40,419       807,315 
                                                                          
Currency in circulation(5)                                  733,684     -   2,515     +  40,965       734,178 
Reverse repurchase agreements (6)                            19,884     +     117     +     207        19,906 
   Foreign official and international accounts               19,884     +     117     +     207        19,906 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          300     -       2     -      30           290 
Deposits with F.R.Banks, other than reserve balances         16,305     +     679     -   1,793        15,687 
  U.S. Treasury, general account                              5,509     +     675     -     558         4,879 
  Foreign official                                               84     +       4     -      40            99 
  Service-related                                            10,421     -       3     -     980        10,421 
     Required clearing balances                              10,421     -       3     -     442        10,421 
     Adjustments to compensate for float                          0             0     -     538             0 
  Other                                                         290     +       2     -     216           287 
Other liabilities and capital                                21,539     -     174     +   1,539        21,151 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  791,713     -   1,895     +  40,888       791,213 
                                                              
Reserve balances with Federal Reserve Banks                  13,768     +   2,628     -     470        16,102 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,238,739     +   4,731     + 301,746     1,235,793 
     U.S. Treasury                                        1,001,870     +   4,822     + 248,126     1,002,873 
     Federal agency                                         236,869     -      91     +  53,620       232,920 
  Securities lent to dealers                                    432     -     143     -     869         1,418 
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
Jul 21, 2004
Wednesday
Jul 14, 2004
Wednesday
Jul 23, 2003
Assets                                               
Gold certificate account                                         11,040                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                725         +      15         -     147 
Securities, repurchase agreements, and loans                    718,032         +   1,963         +  33,076 
   Securities held outright                                     692,299         +   1,990         +  39,462 
      U.S. Treasury (1)                                         692,299         +   1,990         +  39,472 
         Bills (2)                                              255,248         +      70         +  15,556 
         Notes and bonds, nominal (2)                           420,150         +   1,899         +  21,297 
         Notes and bonds, inflation-indexed (2)                    14,862                 0         +   2,048 
         Inflation compensation (3)                               2,039         +      22         +     571 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     25,500                 0         -   6,500 
   Loans                                                            233         -      27         +     115 
Items in process of collection                      (827)         5,558         -     446         -   2,122 
Bank premises                                                     1,700         +       3         +     112 
Other assets (5)                                                 38,606         -     292         +     390 
      Total assets                                  (827)       777,861         +   1,243         +  31,311 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  699,168         -   1,959         +  39,443 
Reverse repurchase agreements (6)                                19,906         +      71         +     234 
Deposits                                              (0)        31,774         +   3,543         -   7,678 
  Depository institutions                                        26,508         +   4,077         -   6,329 
  U.S. Treasury, general account                                  4,879         -     490         -   1,179 
  Foreign official                                                   99         +      18         -      35 
  Other                                               (0)           287         -      62         -     136 
Deferred availability cash items                    (827)         5,862         -     246         -   1,755 
Other liabilities and accrued dividends (7)                       2,375         -      11         +     237 
      Total liabilities                             (827)       759,085         +   1,398         +  30,482 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,245         -       6         +     531 
Surplus                                                           8,827         -      20         +     447 
Other capital accounts                                              705         -     128         -     147 
      Total capital                                              18,777         -     154         +     830 
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, July 21, 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             230        55,036    +   7,888             0            0        25,500        19,906
16 days to 90 days           3       154,431    -   8,754             0            0             0             0
91 days to 1 year            0       164,648    +   2,833             0            0      ------       ------   
Over 1 to 5 years     ------         189,529    +       9             0            0      ------       ------   
Over 5 to 10 years    ------          51,859    +       5             0            0      ------       ------   
Over 10 years         ------          76,794    +       8             0            0      ------       ------   
           
All                        233       692,299    +   1,990             0            0        25,500       19,906 
 
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 July 21, 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                      11,040         494       4,650         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                                             725          22          30          37          35          66          88          88          55          21          44         136         105 
Securities, repurchase agreements,                                 
      and loans                              718,032      32,509     325,693      20,595      29,586      52,618      46,698      62,433      20,369      15,177      18,221      31,568      62,567 
   Securities held outright                  692,299      32,509     300,190      20,591      29,582      52,618      46,687      62,361      20,339      15,100      18,192      31,565      62,565 
      U.S. Treasury (1)                      692,299      32,509     300,190      20,591      29,582      52,618      46,687      62,361      20,339      15,100      18,192      31,565      62,565 
         Bills (2)                           255,248      11,986     110,679       7,592      10,907      19,400      17,213      22,992       7,499       5,567       6,707      11,638      23,067 
         Notes and bonds(3)                  437,051      20,523     189,511      12,999      18,675      33,218      29,474      39,369      12,840       9,533      11,485      19,927      39,498 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                25,500           0      25,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                      233           0           3           4           4           0          11          72          30          77          29           3           2 
Items in process of collection                 6,384         332         374         325         393         321         664         426         230         417         443         300       2,159 
Bank premises                                  1,700          96         191          51         154         145         279         135          55         124          76         213         180 
Other assets(5)                               38,606       1,763      13,949       1,153       2,345       5,979       2,205       3,478       1,008       1,134         802       1,011       3,779 
Interdistrict settlement account                   0     + 3,539     -31,047     + 3,445     +   449     -   900     + 9,710     -   639     + 1,460     -   634     + 1,333     + 3,327     + 9,959 
          Total Assets                       778,688      38,870     314,715      26,070      33,518      59,194      60,703      67,057      23,572      16,486      21,286      37,180      80,037 
 
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 July 21, 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             819,229      38,315     316,043      32,037      34,584      61,337      72,542      67,756      24,931      15,617      23,790      42,313      89,965 
  Less: notes held by F.R. Banks              120,061       4,046      30,477       8,613       5,673      11,222      17,446       7,716       3,305       1,115       4,652       7,489      18,307 
    Federal Reserve notes, net                699,168      34,269     285,565      23,424      28,911      50,115      55,096      60,039      21,626      14,502      19,138      34,824      71,658 
Reverse repurchase agreements (1)              19,906         935       8,631         592         851       1,513       1,342       1,793         585         434         523         908       1,799 
Deposits                                       31,774       2,085      14,758         968       1,647       2,660       2,302       2,401         616         412         820         771       2,336 
  Depository institutions                      26,508       2,082       9,634         967       1,643       2,541       2,299       2,397         614         410         818         770       2,333 
  U.S. Treasury, general account                4,879           0       4,879           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 99           2          76           1           2           7           2           3           1           1           1           0           4 
  Other                                           287           1         169           0           1         112           1           1           1           0           1           0           0 
Deferred availability cash items                6,689         432         621         434         475         541         741         528         165         449         396         268       1,639 
Other liabilities and accrued                                                 
  dividends (2)                                 2,375         130         776          93         119         233         193         227         105          83          91         131         192 
                                                                    
    Total liabilities                         759,911      37,851     310,352      25,510      32,003      55,063      59,675      64,988      23,096      15,880      20,968      36,901      77,624 
                                                                    
Capital                                                             
Capital paid in                                 9,245         506       2,116         278         758       2,077         506       1,026         232         262         151         130       1,202 
Surplus                                         8,827         448       2,031         259         727       2,054         489         924         228         345         162         111       1,048 
Other capital                                     705          64         216          23          29           0          33         119          15           0           5          38         162 
     Total liabilities and capital            778,688      38,870     314,715      26,070      33,518      59,194      60,703      67,057      23,572      16,486      21,286      37,180      80,037 
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
Jul 21, 2004
Federal Reserve notes outstanding          819,229  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   120,061  
      Federal Reserve Notes to be         
         collateralized                    699,168  
Collateral held against Federal Reserve             
   notes                                   699,168  
   Gold certificate account                 11,040  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           685,928  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      717,799  
   Less:face value of securities under    
         reverse repurchase agreements      19,912  
      U.S. Treasury and agency securities  
             eligible to be pledged        697,887  
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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