Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  September 09, 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
September 9, 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
Sep 8, 2004
Week ended
Sep 8, 2004
Change from week ended
Sep 1, 2004 Sep 10, 2003
                                                              
Reserve Bank Credit                                         764,440     +     397     +  49,159       768,543 
 Securities held outright                                   694,871     +      20     +  40,346       694,869 
    U.S. Treasury (1)                                       694,871     +      20     +  40,356       694,869 
       Bills (2)                                            255,348     +      22     +  14,379       255,348 
       Notes and bonds, nominal (2)                         422,541             0     +  23,582       422,541 
       Notes and bonds, inflation-indexed (2)                14,862             0     +   1,773        14,862 
       Inflation compensation (3)                             2,119     -       2     +     620         2,117 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    30,929     -      71     +   8,108        33,000 
 Loans to depository institutions                               267     -       6     +     109           418 
    Primary credit                                               31             0     +      28           185 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             236     -       6     +      81           234 
 Float                                                          274     +     326     -      34         1,899 
 Other Federal Reserve assets                               38,100    +     129    +     632       38,356 
Gold stock                                                   11,043             0             0        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,157     +      14     +     911        36,157 
                                                              
Total factors supplying reserve funds                       813,841     +     411     +  50,071       817,943 
                                                                          
Currency in circulation(5)                                  741,202     +   6,280     +  42,705       742,465 
Reverse repurchase agreements (6)                            23,521     +   1,079     +   4,176        23,882 
   Foreign official and international accounts               23,521     +   1,079     +   4,176        23,882 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          321     -       7     -      16           323 
Deposits with F.R.Banks, other than reserve balances         15,521     -     361     -   1,155        14,273 
  U.S. Treasury, general account                              4,910     -     387     +     165         3,701 
  Foreign official                                               78     -      13     -     183            80 
  Service-related                                            10,225     +      18     -   1,167        10,225 
     Required clearing balances                              10,225     +      19     -     994        10,225 
     Adjustments to compensate for float                          0             0     -     173             0 
  Other                                                         308     +      21     +      29           266 
Other liabilities and capital                                23,064     +     189     +   2,613        22,988 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  803,628     +   7,179     +  48,321       803,931 
                                                              
Reserve balances with Federal Reserve Banks                  10,212     -   6,769     +   1,749        14,012 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,290,924     +   8,308     + 329,637     1,291,479 
     U.S. Treasury                                        1,046,793     +   7,306     + 273,337     1,049,029 
     Federal agency                                         244,131     +   1,001     +  56,300       242,450 
  Securities lent to dealers                                  1,513     +     974     -     354         2,679 
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
Sep 8, 2004
Wednesday
Sep 1, 2004
Wednesday
Sep 10, 2003
Assets                                               
Gold certificate account                                         11,039                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                770         -       7         -      80 
Securities, repurchase agreements, and loans                    728,288         +     691         +  50,032 
   Securities held outright                                     694,869         +      11         +  39,267 
      U.S. Treasury (1)                                         694,869         +      11         +  39,277 
         Bills (2)                                              255,348         +      18         +  14,328 
         Notes and bonds, nominal (2)                           422,541                 0         +  22,946 
         Notes and bonds, inflation-indexed (2)                    14,862                 0         +   1,408 
         Inflation compensation (3)                               2,117         -       7         +     594 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     33,000         +     500         +  10,500 
   Loans                                                            418         +     179         +     263 
Items in process of collection                      (487)         9,080         +   2,238         +   1,067 
Bank premises                                                     1,718                 0         +     128 
Other assets (5)                                                 36,755         +     425         +     569 
      Total assets                                  (487)       789,849         +   3,346         +  51,715 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  707,397         +   4,320         +  43,339 
Reverse repurchase agreements (6)                                23,882         +     679         +   4,163 
Deposits                                              (0)        28,394         -   2,296         +   2,233 
  Depository institutions                                        24,346         +     428         +   3,591 
  U.S. Treasury, general account                                  3,701         -   2,673         -   1,338 
  Foreign official                                                   80         -       1                 0 
  Other                                               (0)           266         -      51         -      21 
Deferred availability cash items                    (487)         7,189         +     548         -     660 
Other liabilities and accrued dividends (7)                       2,670         +      70         +     455 
      Total liabilities                             (487)       769,532         +   3,322         +  49,529 
                                                     
Capital Accounts                                     
Capital paid in                                                  10,454         +       1         +   1,699 
Surplus                                                           8,847                 0         +     467 
Other capital accounts                                            1,017         +      24         +      21 
      Total capital                                              20,317         +      24         +   2,186 
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, September 8, 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             220        48,287    -   1,053             0            0        33,000        23,882
16 days to 90 days         198       157,266    +     388             0            0             0             0
91 days to 1 year            0       164,877    +     683             0            0      ------       ------   
Over 1 to 5 years     ------         198,716    -       3             0            0      ------       ------   
Over 5 to 10 years    ------          49,807    -       1             0            0      ------       ------   
Over 10 years         ------          75,917    -       2             0            0      ------       ------   
           
All                        418       694,869    +      11             0            0        33,000       23,882 
 
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 September 8, 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                                             770          18          38          39          47          78          92         101          50          22          52         125         106 
Securities, repurchase agreements,                                 
      and loans                              728,288      32,629     334,304      20,677      29,692      52,813      46,882      62,651      20,446      15,241      18,467      31,687      62,799 
   Securities held outright                  694,869      32,629     301,304      20,667      29,692      52,813      46,860      62,593      20,415      15,156      18,260      31,683      62,797 
      U.S. Treasury (1)                      694,869      32,629     301,304      20,667      29,692      52,813      46,860      62,593      20,415      15,156      18,260      31,683      62,797 
         Bills (2)                           255,348      11,990     110,722       7,595      10,911      19,408      17,220      23,001       7,502       5,569       6,710      11,643      23,077 
         Notes and bonds(3)                  439,521      20,639     190,582      13,072      18,781      33,406      29,640      39,591      12,913       9,587      11,550      20,040      39,721 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                33,000           0      33,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                      418           0           0          10           0           0          22          58          31          85         207           4           2 
Items in process of collection                 9,567         590         679         470         544         640         860         807         615         477         766         458       2,661 
Bank premises                                  1,718          97         190          51         154         145         279         141          56         124          76         225         180 
Other assets(5)                               36,755       1,658      13,116       1,108       2,283       5,866       2,108       3,307         943       1,093         754         917       3,603 
Interdistrict settlement account                   0     + 3,955     -40,426     + 5,822     +   821     -   188     +12,246     +   544     + 1,674     -   451     + 1,816     + 3,487     +10,701 
          Total Assets                       790,336      39,556     313,424      28,632      34,098      60,319      63,527      68,687      24,180      16,754      22,299      37,522      81,338 
 
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 September 8, 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             827,538      38,607     318,054      32,918      35,154      63,309      73,070      68,055      25,284      16,151      24,467      42,779      89,690 
  Less: notes held by F.R. Banks              120,141       4,165      33,332       8,594       5,597      11,318      14,985       7,583       3,167       1,572       4,493       7,843      17,492 
    Federal Reserve notes, net                707,397      34,442     284,723      24,324      29,557      51,991      58,085      60,472      22,116      14,578      19,973      34,937      72,198 
Reverse repurchase agreements (1)              23,882       1,121      10,355         710       1,020       1,815       1,611       2,151         702         521         628       1,089       2,158 
Deposits                                       28,394       1,085      12,239       2,384       1,331       1,542       1,747       3,196         618         436         799         757       2,260 
  Depository institutions                      24,346       1,076       8,311       2,383       1,328       1,452       1,744       3,193         615         434         797         756       2,256 
  U.S. Treasury, general account                3,701           0       3,701           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 80           2          57           1           2           7           2           3           1           1           1           0           4 
  Other                                           266           7         169           0           1          83           2           0           2           0           1           0           0 
Deferred availability cash items                7,676         591         783         532         504         465         809         536         154         513         476         323       1,989 
Other liabilities and accrued                                                 
  dividends (2)                                 2,670         154         855         102         134         299         221         246         114          90          99         141         216 
                                                                    
    Total liabilities                         770,019      37,394     308,954      28,053      32,546      56,112      62,473      66,601      23,704      16,138      21,974      37,247      78,822 
                                                                    
Capital                                                             
Capital paid in                                10,454       1,618       2,144         284         762       2,088         517       1,025         232         262         148         130       1,241 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                   1,017          96         295          36          62          45          47         136          15           8          14          35         227 
     Total liabilities and capital            790,336      39,556     313,424      28,632      34,098      60,319      63,527      68,687      24,180      16,754      22,299      37,522      81,338 
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
Sep 8, 2004
Federal Reserve notes outstanding          827,538  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   120,141  
      Federal Reserve Notes to be         
         collateralized                    707,397  
Collateral held against Federal Reserve             
   notes                                   707,397  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           694,158  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      727,869  
   Less:face value of securities under    
         reverse repurchase agreements      23,892  
      U.S. Treasury and agency securities  
             eligible to be pledged        703,977  
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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