Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  December 23, 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
December 23, 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
Dec 22, 2004
Week ended
Dec 22, 2004
Change from week ended
Dec 15, 2004 Dec 24, 2003
                                                              
Reserve Bank Credit                                         784,475     +   1,807     +  44,970       791,951 
 Securities held outright                                   717,674     +      85     +  51,640       717,682 
    U.S. Treasury (1)                                       717,674     +      85     +  51,640       717,682 
       Bills (2)                                            262,861     +      63     +  18,664       262,861 
       Notes and bonds, nominal (2)                         436,429             0     +  30,256       436,429 
       Notes and bonds, inflation-indexed (2)                16,108             0     +   2,114        16,108 
       Inflation compensation (3)                             2,276     +      22     +     606         2,284 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements(4)                                    25,393     +     572     -   7,786        32,000 
 Loans to depository institutions                                75     +      14     +       5            79 
    Primary credit                                               19     +      14     -      14            24 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              56             0     +      19            55 
 Float                                                          455     +     695     +      42         1,125 
 Other Federal Reserve assets                               40,878    +     442    +   1,068       41,064 
Gold stock                                                   11,043             0             0        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,462     +      14     +   1,002        36,462 
                                                              
Total factors supplying reserve funds                       834,180     +   1,821     +  45,972       841,656 
                                                                          
Currency in circulation(5)                                  753,658     +   2,497     +  35,013       757,393 
Reverse repurchase agreements (6)                            28,074     +     612     +   8,644        28,056 
   Foreign official and international accounts               28,074     +     612     +   8,644        28,056 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          264     -      13     -      55           268 
Deposits with F.R.Banks, other than reserve balances         15,262     +      95     -   1,934        14,162 
  U.S. Treasury, general account                              5,133     +      86     +     432         4,047 
  Foreign official                                               97     +      10     +       1            88 
  Service-related                                             9,762     -      11     -   2,391         9,762 
     Required clearing balances                               9,762             0     -   2,083         9,762 
     Adjustments to compensate for float                          0     -      11     -     308             0 
  Other                                                         270     +      11     +      23           264 
Other liabilities and capital                                26,140     +     457     +   5,381        26,106 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  823,398     +   3,649     +  47,049       825,986 
                                                              
Reserve balances with Federal Reserve Banks                  10,781     -   1,828     -   1,078        15,670 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,330,097     +   4,008     + 269,576     1,331,476 
     U.S. Treasury                                        1,059,625     +   2,488     + 211,905     1,059,875 
     Federal agency                                         270,472     +   1,520     +  57,671       271,601 
  Securities lent to dealers                                  3,353     +     381     +   1,290         2,700 
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 22, 2004
Wednesday
Dec 15, 2004
Wednesday
Dec 24, 2003
Assets                                               
Gold certificate account                                         11,039                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                722         -       1         -      25 
Securities, repurchase agreements, and loans                    749,761         +   3,294         +  46,870 
   Securities held outright                                     717,682         +      21         +  51,466 
      U.S. Treasury (1)                                         717,682         +      21         +  51,466 
         Bills (2)                                              262,861                 0         +  18,480 
         Notes and bonds, nominal (2)                           436,429                 0         +  30,256 
         Notes and bonds, inflation-indexed (2)                    16,108                 0         +   2,114 
         Inflation compensation (3)                               2,284         +      22         +     616 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                     32,000         +   3,250         -   4,500 
   Loans                                                             79         +      23         -      96 
Items in process of collection                      (803)         8,098         +     663         -   2,798 
Bank premises                                                     1,773         +      11         +     150 
Other assets (5)                                                 39,264         +     332         +     767 
      Total assets                                  (803)       812,859         +   4,301         +  44,967 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  721,917         +   4,406         +  33,167 
Reverse repurchase agreements (6)                                28,056         +     210         +   8,292 
Deposits                                              (0)        29,806         -     695         -     487 
  Depository institutions                                        25,406         +     302         +     164 
  U.S. Treasury, general account                                  4,047         -     972         -     623 
  Foreign official                                                   88         -      27         -      40 
  Other                                               (0)           264         +       2         +      11 
Deferred availability cash items                    (803)         6,973         +     214         -   1,589 
Other liabilities and accrued dividends (7)                       3,139         +      30         +     772 
      Total liabilities                             (803)       789,892         +   4,166         +  40,155 
                                                     
Capital Accounts                                     
Capital paid in                                                  11,638         -       2         +   2,795 
Surplus                                                           8,847                 0         +     467 
Other capital accounts                                            2,482         +     137         +   1,551 
      Total capital                                              22,967         +     135         +   4,813 
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 22, 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              79        54,407    +  11,484             0            0        32,000        28,056
16 days to 90 days           0       153,944    -  10,423             0            0             0             0
91 days to 1 year            0       170,913    -   1,061             0            0      ------       ------   
Over 1 to 5 years     ------         208,298    +       8             0            0      ------       ------   
Over 5 to 10 years    ------          54,364    +       6             0            0      ------       ------   
Over 10 years         ------          75,755    +       7             0            0      ------       ------   
           
All                         79       717,682    +      21             0            0        32,000       28,056 
 
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 22, 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                      11,039         494       4,649         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                                             722          18          39          55          52          63          83         109          36          22          46          92         107 
Securities, repurchase agreements,                                 
      and loans                              749,761      33,705     343,197      21,353      30,667      54,547      48,411      64,658      21,085      15,668      18,865      32,724      64,882 
   Securities held outright                  717,682      33,701     311,197      21,346      30,667      54,547      48,399      64,648      21,085      15,654      18,859      32,723      64,859 
      U.S. Treasury (1)                      717,682      33,701     311,197      21,346      30,667      54,547      48,399      64,648      21,085      15,654      18,859      32,723      64,859 
         Bills (2)                           262,861      12,343     113,980       7,818      11,232      19,979      17,727      23,678       7,723       5,733       6,908      11,985      23,756 
         Notes and bonds(3)                  454,821      21,357     197,216      13,527      19,435      34,568      30,672      40,970      13,362       9,920      11,952      20,738      41,104 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                32,000           0      32,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       79           5           0           7           0           0          12          11           0          15           5           1          23 
Items in process of collection                 8,902         528         500         386         784         395         846         690         459         537         665         534       2,580 
Bank premises                                  1,773          99         195          53         155         144         277         160          64         123          80         245         179 
Other assets(5)                               39,264       1,786      13,945       1,145       2,452       6,263       2,231       3,580       1,027       1,172         800         976       3,886 
Interdistrict settlement account                   0     + 3,440     -25,195     + 4,230     -   672     -    78     + 9,819     +   574     + 1,449     - 1,077     + 1,758     + 1,564     + 4,188 
          Total Assets                       813,662      40,185     338,205      27,687      33,993      62,299      62,726      70,907      24,515      16,694      22,581      36,758      77,112 
 
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 22, 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             850,737      38,352     337,710      32,704      34,638      65,243      73,512      72,928      25,080      16,449      24,575      41,229      88,316 
  Less: notes held by F.R. Banks              128,820       4,123      35,650       7,872       5,446      12,279      16,959       9,107       2,812       1,999       4,439       7,267      20,868 
    Federal Reserve notes, net                721,917      34,229     302,060      24,833      29,193      52,964      56,554      63,821      22,268      14,450      20,135      33,962      67,448 
Reverse repurchase agreements (1)              28,056       1,317      12,166         834       1,199       2,132       1,892       2,527         824         612         737       1,279       2,536 
Deposits                                       29,806       1,271      15,299         814       1,337       2,080       2,056       2,043         645         344         815         738       2,364 
  Depository institutions                      25,406       1,262      11,007         813       1,333       2,002       2,054       2,039         642         343         813         737       2,360 
  U.S. Treasury, general account                4,047           0       4,047           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 88           2          65           1           2           7           2           3           1           1           1           0           4 
  Other                                           264           7         180           0           1          71           0           1           2           0           1           1           0 
Deferred availability cash items                7,777         671         736         488         499         496         925         499         176         582         466         337       1,903 
Other liabilities and accrued                                                 
  dividends (2)                                 3,139         197       1,063         117         159         328         240         295         121          99         105         153         263 
                                                                    
    Total liabilities                         790,695      37,685     331,324      27,086      32,387      58,001      61,667      69,184      24,034      16,087      22,259      36,468      74,513 
                                                                    
Capital                                                             
Capital paid in                                11,638       1,638       3,437         294         795       2,138         516         764         236         254         150         134       1,283 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                   2,482         413       1,413          48          84          86          55          35          16           8          10          45         268 
     Total liabilities and capital            813,662      40,185     338,205      27,687      33,993      62,299      62,726      70,907      24,515      16,694      22,581      36,758      77,112 
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 22, 2004
Federal Reserve notes outstanding          850,737  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   128,820  
      Federal Reserve Notes to be         
         collateralized                    721,917  
Collateral held against Federal Reserve             
   notes                                   721,917  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           708,678  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      749,682  
   Less:face value of securities under    
         reverse repurchase agreements      28,082  
      U.S. Treasury and agency securities  
             eligible to be pledged        721,601  
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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