Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page

Release Date:  December 17, 1998

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the information is available, on (202) 452-3206.
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
December 17, 1998
Millions of dollars
  Averages of daily figures
    Change from week ended  
Reserve balances of depository institutions at
F.R. Banks, Reserve Bank credit, and related items
Week ended
Dec 16, 1998
Dec 9, 1998 Dec 17, 1997 Wednesday
Dec 16, 1998
Reserve Bank Credit  (1,2)                                  503,135     +   7,118     +  36,446       503,861 
  U.S. government securities                                         
    Bought outright-system account (3)                      454,019     -     511     +  23,600       455,035 
    Held under repurchase agreements                          6,909     +   3,400     +   4,009         5,702 
  Federal agency obligations                                         
    Bought outright                                             338     -      30     -     347           338 
    Held under repurchase agreements                          6,380     +   3,135     +   5,582         7,181 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                            
                                                              
    Adjustment credit                                            25     +      23     -     253           145 
    Seasonal credit                                              13     +       1     -      71            14 
    Extended credit                                               0             0             0             0 
   Float                                                        598     -     169     +     113           740 
   Other F.R. assets                                         34,853     +   1,269     +   3,814        34,707 
Gold stock                                                  11,041            0    -       8       11,041 
Special drawing rights certificate account                    9,200             0             0         9,200 
Treasury currency outstanding                                26,149     +      14     +     547        26,149 
        Total factors supplying reserve funds               549,524     +   7,132     +  36,985       550,250 
                                                     
Currency in circulation*                                    507,706     +   1,013     +  34,625       509,843 
Treasury cash holdings*                                          87     -      11     -     144            84 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                    6,324     +   1,289     -       6         8,628 
  Foreign                                                       195     +      41     +      25           170 
  Service-related balances and adjustments (4)                6,705     -      40     -      98         6,705 
  Other                                                         290     -      56     -      89           263 
Other F.R. liabilities and capital                           17,113     +     614     +     921        16,965 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     538,419     +   2,850     +  35,234       542,657 
                                                              
Reserve balances with F.R. Banks  (5)                        11,105     +   4,282     +   1,751         7,593 
                                                                              
On December 16, 1998, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 597,588 million, a change of
+$ 1,405 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 19,044 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 19,044 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 18,029 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 18,029 million was with foreign official and international
accounts. Includes $ 222 million securities loaned--fully secured U.S. government securities.
3 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 75 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,559 million and adjustments of $ 145 million to
compensate for float.
5 Excludes required clearing balances and adjustments to compensate for float.
 

* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
 

 

Worksheet for H.4.1 (a)
 

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
 
     Change Since
ASSETS * Wednesday
Dec 16, 1998
Wednesday
Dec 9, 1998
Wednesday
Dec 17, 1997
Gold certificate account                                         11,041                 0         -       8 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                399         +      14         -      97 
                                                
Loans                                                               159         +     142         -     819 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   338         -      30         -     347 
  Held under repurchase agreements (1)                            7,181         +   3,695         +   5,301 
U.S. government securities                          
  Bought outright--Bills                                        197,671         +     258         +     736 
                   Notes (2)                                    187,891         +       2         +  13,687 
                   Bonds (3)                                     69,473                 0         +  10,066 
    Total bought outright (4)                                   455,035         +     260         +  24,489 
  Held under repurchase agreements (1)                            5,702         +     805         -   3,713 
     Total U.S. government securities                           460,737         +   1,065         +  20,776 
       Total loans and securities                               468,415         +   4,871         +  24,911 
     
Items in process of collection                      (630)         8,751         +     378         +     736 
Bank premises                                                     1,296         +       1         +      29 
Other assets (5)                                                 33,497         +     404         +   2,642 
                TOTAL ASSETS                        (630)       532,600         +   5,669         +  28,212 
     
                LIABILITIES                           
Federal Reserve notes                                           484,177         +   1,977         +  33,710 
Deposits                                           
  Depository institutions                                        14,662         -   1,356         -   7,785 
  U.S. Treasury--general account                                  8,628         +   4,429         +   1,135 
  Foreign--official accounts                                        170         +      14         +      16 
    Other                                                           263         -      64         -     118 
      Total deposits                                             23,722         +   3,024         -   6,752 
Deferred availability cash items                    (630)         7,735         +     352         +     309 
Other liabilities and accrued dividends (6)                       4,477         +     120         -     464 
                TOTAL LIABILITIES                   (630)       520,112         +   5,473         +  26,804 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,942         +       5         +     586 
Surplus                                                           5,220                 0         +     832 
Other capital accounts                                            1,325         +     191         -      10 
 
*Figures in parentheses are the eliminations made in the consolidation process.
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts of which $ 0 million was outstanding
at the end of the latest statement week.
2 Includes $ 2,867 million of inflation-indexed securities valued at the original face amount and
$ 64 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and
$ 10 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,029 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 222 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 55 million in Treasury bills maturing within 90 days.
6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
 

 

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 16, 1998
Holdings of securities include securitites held under repurchase agreements, which are classified according
to remaining maturity.
 

Millions of dollars
  U.S. government
securities (1)
Federal agency
obligations
  Loans Acceptances   Holdings Weekly
changes
Holdings Weekly
changes
Within 15 days  157  Within 15 days       12,481  -   2,650   4,553  +   3,665 
16 to 90 days     2  16 to 90 days       102,763  -   1,808   2,655  +      25 
Over 90 days      0  91 days to 1 year   137,657  +   5,520      75  -      25 
                        Over 1 to 5 years   107,349  +       1      61  +      10 
                        Over 5 to 10 years   44,820  +       1     175  -      10 
                        Over 10 years        55,668          0       0          0 
    Total       159      Total           460,737  +   1,065   7,519  +   3,665 
 
1 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 75 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
Components may not add to totals due to rounding.
 

 

H.4.1 (b)
 

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 16, 1998
Millions of dollars
ASSETS Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Gold certificate account                      11,041         582       4,201         323         643         807         717         998         358         128         289         530       1,465 
Special drawing rights certif. acct.           9,200         530       3,202         282         574         792         602         900         340         123         247         367       1,241 
Coin                                             399          29          18          23          17          55          52          42          20          17          28          43          55 
                                                               
Loans                                            159           0           0           3           0          19           0         113           1           4           8           0          11 
Acceptances                                        0           0           0           0           0           0           0           0           0           0           0           0           0 
Federal agency obligations                                   
  Bought outright                                338          18         125          10          22          27          21          32          12           4           9          15          42 
  Held under repurchase agreements(1)          7,181           0       7,181           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     197,671      10,766      73,265       5,747      12,847      15,571      12,024      18,977       6,946       2,172       5,484       8,988      24,884 
                   Notes (2)                 187,891      10,233      69,640       5,463      12,212      14,801      11,430      18,038       6,603       2,064       5,212       8,543      23,653 
                   Bonds (3)                  69,473       3,784      25,749       2,020       4,515       5,473       4,226       6,670       2,441         763       1,927       3,159       8,746 
     Total bought outright(4)                455,035      24,782     168,654      13,230      29,574      35,845      27,680      43,684      15,991       4,999      12,623      20,690      57,283 
  Held under repurchase agreements(1)          5,702           0       5,702           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             460,737      24,782     174,356      13,230      29,574      35,845      27,680      43,684      15,991       4,999      12,623      20,690      57,283 
       Total loans and securities            468,415      24,801     181,662      13,242      29,596      35,891      27,701      43,830      16,004       5,007      12,641      20,705      57,336 
                                                               
Items in process of collection                 9,382         673       1,092         475         323         661         963         886         426         589         648         489       2,156 
Bank premises                                  1,296          94         158          51         156         125          81         107          31         131          54         149         162 
Other assets(5)                               33,497       1,580      10,379       1,461       2,014       3,996       2,026       3,043         872         846         786       1,552       4,941 
Interdistrict settlement account                   0          +8      +7,745      +1,618      -5,156      +3,573      +3,900      -1,918      -2,283      +1,063      +1,036      +1,271     -10,857 
          TOTAL ASSETS                       533,230      28,298     208,457      17,475      28,166      45,900      36,042      47,887      15,769       7,903      15,729      25,105      56,500 
 

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts, of which $ 0 was outstanding at the
end of the latest statement week.
2 Includes $ 2,867 million of inflation-indexed securities valued at the original face amount and
$ 64 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and
$ 10 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,029 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 222 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 55 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.
 

 

H.4.1 (c)
 

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 16, 1998
Millions of dollars
LIABILITIES Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Federal Reserve notes                        484,177      25,888     192,284      15,954      25,878      40,520      32,411      43,850      14,408       6,071      14,060      22,858      49,995  
Deposits                                                          
  Depository institutions                     14,662       1,093       2,330         582         844       1,686       1,399       1,674         539         729         714       1,130       1,940  
  U.S. Treasury--general account               8,628           0       8,628           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     170           7          55           8           9          22           9          14           3           5           3           7          26  
  Other                                          263           0         106           2           3          68           4          56           2           1          19           1           2  
    Total deposits                            23,722       1,101      11,119         591         856       1,776       1,412       1,744         544         736         736       1,139       1,968  
Deferred credit items                          8,365        505         885        309         320        750       1,057        665         390        609         485        377       2,013  
Other liabilities and accrued             
  dividends (1)                           
    4,477         245       1,548         158         284         371         298         425         172          87         154         210         525  
    TOTAL LIABILITIES                        520,742      27,739     205,836      17,012      27,338      43,416  ;    35,178      46,684      15,515       7,503      15,435      24,585      54,501  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,942         266       1,209         175         398       1,237         417         579         120         202         140         227         971  
Surplus                                        5,220         254       1,055         273         335         818         338         502         122         189         119         271         945  
Other capital accounts                         1,325          39         357          16          94         428         108         122          13           9          35          22          84  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  533,230      28,298     208,457      17,475      28,166      45,900      36,042      47,887      15,769       7,903      15,729      25,105      56,500  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                    
F.R. notes outstanding                       613,352      30,354     240,287      18,484      29,731      50,616      44,400      54,390      17,295       7,746      17,253      33,927      68,869  
  Less--Held by F.R. Banks                   129,175       4,466      48,003       2,531       3,853      10,097      11,989      10,539       2,887       1,675       3,193      11,068      18,874  
  F.R. notes, net                            484,177      25,888     192,284      15,954      25,878      40,520      32,411      43,850      14,408       6,071      14,060      22,858      49,995  
Collateral held against F.R. notes                          
   Gold certificate account                   11,041                    
   Special drawing rights                 
     certificate account                  
 
    9,200  
                
   Other eligible assets                           0                  
   U.S. govt. and agency securities          463,937                  
     Total collateral                        484,177                  
 
1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.


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