Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  May 17, 2007
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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
May 17, 2007
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
May 16, 2007
Week ended
May 16, 2007
Change from week ended
May 9, 2007 May 17, 2006
                                                              
Reserve Bank Credit                                         847,847     -   5,658     +  23,183       845,447 
 Securities held outright                                   790,074     +     278     +  29,897       790,103 
    U.S. Treasury (1)                                       790,074     +     278     +  29,897       790,103 
       Bills (2)                                            277,019             0     +   1,649       277,019 
       Notes and bonds, nominal (2)                         474,672     +     199     +  15,979       474,672 
       Notes and bonds, inflation-indexed (2)                34,459             0     +  11,813        34,459 
       Inflation compensation (3)                             3,925     +      79     +     457         3,953 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements(4)                                    18,036     -   4,785     -   5,714        18,000 
 Loans to depository institutions                                84     +       9     -      84            93 
    Primary credit                                                2     -       3     -      18             7 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              82     +      12     -      67            86 
 Float                                                       -1,055     -     577     -     795        -1,153 
 Other Federal Reserve assets                               40,708    -     581    -     120       38,403 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,455     +      14     +     497        38,455 
                                                              
Total factors supplying reserve funds                       899,544     -   5,643     +  23,681       897,143 
                                                                          
Currency in circulation(5)                                  809,072     +     376     +  15,097       810,170 
Reverse repurchase agreements (6)                            32,298     -   3,721     +   8,641        32,446 
   Foreign official and international accounts               32,084     -   3,935     +   8,427        32,446 
   Dealers                                                      214     +     214     +     214             0 
Treasury cash holdings                                          236     -      33     +      55           263 
Deposits with F.R.Banks, other than reserve balances         11,298     -     487     -   1,672        10,966 
  U.S. Treasury, general account                              4,451     -     463     -     741         4,125 
  Foreign official                                               94     +       1     -      11            93 
  Service-related                                             6,470     -      39     -     896         6,470 
     Required clearing balances                               6,470     -      39     -     896         6,470 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         284     +      16     -      24           279 
Other liabilities and capital                                38,981     +     180     +   5,084        38,569 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  891,886     -   3,683     +  27,206       892,414 
                                                              
Reserve balances with Federal Reserve Banks                   7,658     -   1,960     -   3,525         4,729 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,939,970     +   8,838     + 315,555     1,937,394 
     U.S. Treasury                                        1,224,733     -   3,299     +  99,679     1,219,345 
     Federal agency                                         715,237     +  12,137     + 215,876       718,049 
  Securities lent to dealers                                  3,524     +     480     +   1,924         7,437 
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
May 16, 2007
Wednesday
May 9, 2007
Wednesday
May 17, 2006
Assets                                               
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                949         -      67         +     182 
Securities, repurchase agreements, and loans                    808,196         -  10,911         +  26,867 
   Securities held outright                                     790,103         +      78         +  30,452 
      U.S. Treasury (1)                                         790,103         +      78         +  30,452 
         Bills (2)                                              277,019                 0         +   1,649 
         Notes and bonds, nominal (2)                           474,672                 0         +  16,517 
         Notes and bonds, inflation-indexed (2)                    34,459                 0         +  11,813 
         Inflation compensation (3)                               3,953         +      78         +     473 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                     18,000         -  11,000         -   3,500 
   Loans                                                             93         +      11         -      85 
Items in process of collection                      (819)         2,523         -   1,621         -   4,751 
Bank premises                                                     2,005         -       1         +     169 
Other assets (5)                                                 36,417         -   3,072         -     508 
      Total assets                                  (819)       863,326         -  15,672         +  21,958 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  772,923         -     356         +  14,954 
Reverse repurchase agreements (6)                                32,446         -   2,964         +   9,877 
Deposits                                              (0)        15,714         -  11,869         -   6,044 
  Depository institutions                                        11,218         -  11,285         -   5,095 
  U.S. Treasury, general account                                  4,125         -     601         -     930 
  Foreign official                                                   93                 0         +       8 
  Other                                               (0)           279         +      18         -      25 
Deferred availability cash items                    (819)         3,675         -     504         -   2,349 
Other liabilities and accrued dividends (7)                       5,894         -      12         +   1,154 
      Total liabilities                             (819)       830,652         -  15,706         +  17,593 
                                                     
Capital Accounts                                     
Capital paid in                                                  15,983         +      92         +   2,124 
Surplus                                                          15,374                 0         +   2,473 
Other capital accounts                                            1,317         -      58         -     232 
      Total capital                                              32,675         +      35         +   4,366 
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, May 16, 2007
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              37        66,840    -   1,517             0            0        18,000        32,446
16 days to 90 days          56       153,859    -   9,023             0            0             0             0
91 days to 1 year            0       183,320    +  12,488             0            0      ------       ------   
Over 1 to 5 years     ------         229,466    -   8,271             0            0      ------       ------   
Over 5 to 10 years    ------          66,941    +      20             0            0      ------       ------   
Over 10 years         ------          89,676    +   6,380             0            0      ------       ------   
           
All                         93       790,103    +      78             0            0        18,000       32,446 
 
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 May 16, 2007
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                      11,037         449       4,053         455         428         869       1,117         903         326         203         335         613       1,286 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             949          39          61          61          97          88         104         113          42          41          73          90         139 
Securities, repurchase agreements,                                 
      and loans                              808,196      37,249     292,612      35,751      33,070      70,021      74,952      67,817      25,842      16,135      26,172      35,507      93,070 
   Securities held outright                  790,103      36,413     286,094      34,954      32,334      68,456      73,280      66,271      25,252      15,764      25,576      34,714      90,993 
      U.S. Treasury (1)                      790,103      36,413     286,094      34,954      32,334      68,456      73,280      66,271      25,252      15,764      25,576      34,714      90,993 
         Bills (2)                           277,019      12,767     100,308      12,255      11,336      24,001      25,693      23,235       8,854       5,527       8,967      12,171      31,903 
         Notes and bonds(3)                  513,084      23,646     185,786      22,699      20,997      44,455      47,587      43,036      16,399      10,237      16,609      22,543      59,090 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                18,000         830       6,518         796         737       1,560       1,669       1,510         575         359         583         791       2,073 
      Loans                                       93           7           0           0           0           5           2          36          15          11          13           2           4 
Items in process of collection                 3,342         171          35         326         512         270         377         229          82         174         352          21         794 
Bank premises                                  2,005         117         212          57         156         172         232         206          88         115         201         260         190 
Other assets(5)                               36,417       1,203      11,254       3,121       2,118       6,946       3,078       2,343         724         686         705         934       3,304 
Interdistrict settlement account                   0     - 2,117     - 1,827     - 1,025     - 4,512     +   525     + 6,229     +   829     +   707     -   673     + 1,397     + 1,927     - 1,459 
          Total Assets                       864,146      37,227     307,273      38,829      31,974      79,037      86,255      72,652      27,882      16,710      29,301      39,450      97,557 
 
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 May 16, 2007
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             969,227      38,005     341,541      39,042      35,873      78,316     108,154      80,644      29,438      17,305      30,503      57,718     112,688 
  Less: notes held by F.R. Banks              196,305       4,373      62,743       6,794       8,843      13,204      29,911      14,455       3,618       2,553       3,728      21,571      24,512 
    Federal Reserve notes, net                772,923      33,632     278,798      32,248      27,030      65,112      78,244      66,189      25,820      14,752      26,775      36,147      88,176 
Reverse repurchase agreements (1)              32,446       1,495      11,749       1,435       1,328       2,811       3,009       2,721       1,037         647       1,050       1,426       3,737 
Deposits                                       15,714         748       6,069         541         719       1,912       1,245       1,159         338         251         418         656       1,657 
  Depository institutions                      11,218         738       1,704         536         715       1,823       1,241       1,157         328         251         416         656       1,654 
  U.S. Treasury, general account                4,125           0       4,125           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 93           1          62           5           3          11           3           2           0           1           0           1           3 
  Other                                           279           9         178           0           1          78           0           0          10           0           1           0           0 
Deferred availability cash items                4,495         256          68         669         440         327         495         276         106         258         475         361         763 
Other liabilities and accrued                                                 
  dividends (2)                                 5,894         258       1,834         292         278         772         561         481         214         154         199         274         577 
                                                                    
    Total liabilities                         831,471      36,390     298,517      35,186      29,795      70,934      83,554      70,827      27,515      16,062      28,917      38,863      94,910 
                                                                    
Capital                                                             
Capital paid in                                15,983         403       4,281       1,808       1,066       3,975       1,318         887         172         318         183         278       1,294 
Surplus                                        15,374         396       3,771       1,810       1,087       4,095       1,276         859         166         276         176         213       1,247 
Other capital                                   1,317          38         704          25          25          33         106          79          28          54          24          95         106 
     Total liabilities and capital            864,146      37,227     307,273      38,829      31,974      79,037      86,255      72,652      27,882      16,710      29,301      39,450      97,557 
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
May 16, 2007
Federal Reserve notes outstanding          969,227  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   196,305  
      Federal Reserve Notes to be         
         collateralized                    772,923  
Collateral held against Federal Reserve             
   notes                                   772,923  
   Gold certificate account                 11,037  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           759,686  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      808,103  
   Less:face value of securities under    
         reverse repurchase agreements      32,490  
      U.S. Treasury and agency securities  
             eligible to be pledged        775,614  
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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