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

Release Date:  December 24, 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 24, 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 23, 1998
Dec 16, 1998 Dec 24, 1997 Wednesday
Dec 23, 1998
Reserve Bank Credit  (1,2)                                  504,289     +   1,171     +  32,643       508,123 
  U.S. government securities                                         
    Bought outright-system account (3)                      453,111     -     908     +  23,913       454,657 
    Held under repurchase agreements                          8,098     +   1,189     +     827         7,845 
  Federal agency obligations                                         
    Bought outright                                             338             0     -     347           338 
    Held under repurchase agreements                          5,767     -     613     +   4,284         5,742 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                            
                                                              
    Adjustment credit                                             8     -      17     -      83            21 
    Seasonal credit                                              16     +       3     -      62            21 
    Extended credit                                               0             0             0             0 
   Float                                                      1,801     +   1,212     +     896         4,241 
   Other F.R. assets                                         35,152     +     305     +   3,216        35,259 
Gold stock                                                  11,041            0    -       8       11,041 
Special drawing rights certificate account                    9,200             0             0         9,200 
Treasury currency outstanding                                26,163     +      14     +     559        26,163 
        Total factors supplying reserve funds               550,693     +   1,185     +  33,194       554,526 
                                                     
Currency in circulation*                                    511,381     +   3,674     +  34,260       515,667 
Treasury cash holdings*                                          84     -       2     -     145            85 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                    5,434     -     889     +     434         3,837 
  Foreign                                                       194     -       1     +      38           175 
  Service-related balances and adjustments (4)                6,977     +     273     -       9         6,977 
  Other                                                         231     -      59     -     102           175 
Other F.R. liabilities and capital                           17,197     +      84     +     854        16,969 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     541,499     +   3,080     +  35,330       543,886 
                                                              
Reserve balances with F.R. Banks  (5)                         9,194     -   1,895     -   2,136        10,640 
                                                                              
On December 23, 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 599,533 million, a change of
+$ 1,945 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 19,954 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 19,954 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 18,409 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 18,409 million was with foreign official and international
accounts. Includes $ 150 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
$ 77 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,583 million and adjustments of $ 394 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 23, 1998
Wednesday
Dec 16, 1998
Wednesday
Dec 24, 1997
Gold certificate account                                         11,041                 0         -       7 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                392         -       7         -      93 
                                                
Loans                                                                42         -     118         -      54 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   338                 0         -     347 
  Held under repurchase agreements (1)                            5,742         -   1,439         +   3,840 
U.S. government securities                          
  Bought outright--Bills                                        197,291         -     380         -   1,156 
                   Notes (2)                                    187,893         +       2         +  13,688 
                   Bonds (3)                                     69,473                 0         +  10,066 
    Total bought outright (4)                                   454,657         -     378         +  22,598 
  Held under repurchase agreements (1)                            7,845         +   2,143         +     722 
     Total U.S. government securities                           462,502         +   1,765         +  23,320 
       Total loans and securities                               468,623         +     208         +  26,759 
     
Items in process of collection                      (535)        11,532         +   2,780         +     648 
Bank premises                                                     1,297         +       1         +      26 
Other assets (5)                                                 34,199         +     702         +   3,811 
                TOTAL ASSETS                        (535)       536,284         +   3,685         +  31,143 
     
                LIABILITIES                           
Federal Reserve notes                                           489,982         +   5,804         +  34,349 
Deposits                                           
  Depository institutions                                        17,024         +   2,362         -   3,073 
  U.S. Treasury--general account                                  3,837         -   4,791         -   1,112 
  Foreign--official accounts                                        175         +       5         +      18 
    Other                                                           175         -      88         -     121 
      Total deposits                                             21,211         -   2,511         -   4,288 
Deferred availability cash items                    (535)         8,122         +     387         +     252 
Other liabilities and accrued dividends (6)                       4,448         -      29         -     484 
                TOTAL LIABILITIES                   (535)       523,763         +   3,651         +  29,829 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,948         +       6         +     506 
Surplus                                                           5,220                 0         +     832 
Other capital accounts                                            1,352         +      27         -      24 
 
*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
$ 66 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
$ 11 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,409 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 150 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 $ 15 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 23, 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   42  Within 15 days       14,480  +   1,999   2,389  -   2,164 
16 to 90 days     0  16 to 90 days       102,661  -     101   3,380  +     725 
Over 90 days      0  91 days to 1 year   137,522  -     135      75          0 
                        Over 1 to 5 years   107,350  +       1      61          0 
                        Over 5 to 10 years   44,821  +       1     175          0 
                        Over 10 years        55,668          0       0          0 
    Total        42      Total           462,502  +   1,765   6,080  -   1,439 
 
1 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 77 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 23, 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                                             392          28          17          23          17          56          49          41          21          17          26          41          56 
                                                               
Loans                                             42           2           0           5           0           0           2           3           2           6           7           0          15 
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)          5,742           0       5,742           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     197,291      10,745      73,124       5,736      12,822      15,541      12,001      18,940       6,933       2,167       5,473       8,971      24,836 
                   Notes (2)                 187,893      10,233      69,641       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      25,750       2,020       4,515       5,473       4,226       6,670       2,441         763       1,927       3,159       8,746 
     Total bought outright(4)                454,657      24,762     168,514      13,219      29,549      35,815      27,657      43,648      15,977       4,995      12,612      20,673      57,236 
  Held under repurchase agreements(1)          7,845           0       7,845           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             462,502      24,762     176,359      13,219      29,549      35,815      27,657      43,648      15,977       4,995      12,612      20,673      57,236 
       Total loans and securities            468,623      24,782     182,226      13,233      29,571      35,842      27,680      43,683      15,991       5,004      12,629      20,688      57,293 
                                                               
Items in process of collection                12,067         790       1,244         560         834         756       1,304         939         891         747         546         841       2,615 
Bank premises                                  1,297          94         158          51         156         125          81         107          31         131          54         149         162 
Other assets(5)                               34,199       1,601      10,872       1,474       2,035       4,028       2,053       3,038         886         851         801       1,570       4,991 
Interdistrict settlement account                   0         +38      +5,139      +1,915      -5,100      +3,866      +4,327        -586      -2,332        +735      +1,035      +1,401     -10,437 
          TOTAL ASSETS                       536,819      28,444     207,059      17,861      28,730      46,272      36,813      49,119      16,187       7,735      15,628      25,586      57,386 
 

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
$ 66 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
$ 11 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,409 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 150 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 $ 15 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 23, 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                        489,982      26,428     193,364      16,410      26,100      41,394      33,194      44,346      14,674       6,147      14,216      23,080      50,628  
Deposits                                                          
  Depository institutions                     17,024         702       4,570         498       1,150       1,286       1,317       2,403         707         425         510       1,344       2,110  
  U.S. Treasury--general account               3,837           0       3,837           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     175           7          60           8           9          22           9          14           3           5           3           7          26  
  Other                                          175           0          98           2           3          28           4          16           1           1          18           1           2  
    Total deposits                            21,211         710       8,566         508       1,162       1,336       1,330       2,433         711         432         532       1,353       2,138  
Deferred credit items                          8,657        507         974        323         360        667       1,125        712         374        666         432        425       2,093  
Other liabilities and accrued             
  dividends (1)                           
    4,448         243       1,543         157         281         367         295         422         169          86         153         208         523  
    TOTAL LIABILITIES                        524,298      27,888     204,446      17,398      27,903      43,764  ;    35,944      47,913      15,928       7,331      15,333      25,066      55,382  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,948         267       1,208         177         398       1,237         418         582         120         202         140         227         972  
Surplus                                        5,220         254       1,055         273         335         818         338         502         122         189         119         271         945  
Other capital accounts                         1,352          35         350          14          92         452         112         123          17          14          36          22          87  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  536,819      28,444     207,059      17,861      28,730      46,272      36,813      49,119      16,187       7,735      15,628      25,586      57,386  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                    
F.R. notes outstanding                       613,352      30,366     240,100      18,526      29,625      51,049      44,702      54,249      17,353       7,717      17,259      33,780      68,626  
  Less--Held by F.R. Banks                   123,370       3,938      46,737       2,116       3,525       9,654      11,508       9,904       2,679       1,570       3,042      10,700      17,997  
  F.R. notes, net                            489,982      26,428     193,364      16,410      26,100      41,394      33,194      44,346      14,674       6,147      14,216      23,080      50,628  
Collateral held against F.R. notes                          
   Gold certificate account                   11,041                    
   Special drawing rights                 
     certificate account                  
 
    9,200  
                
   Other eligible assets                       1,159                  
   U.S. govt. and agency securities          468,581                  
     Total collateral                        489,982                  
 
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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