Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  June 05, 2003
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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
June 5, 2003
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
Jun 4, 2003
Week ended
Jun 4, 2003
Change from week ended
May 28, 2003 Jun 5, 2002
                                                              
Reserve Bank Credit                                         716,921     -   3,554     +  65,615       708,888 
 Securities held outright                                   651,202     +     350     +  63,789       651,413 
    U.S. Treasury (1)                                       651,192     +     350     +  63,789       651,403 
       Bills (2)                                            238,010     +     338     +  44,025       238,223 
       Notes and bonds, nominal (2)                         398,853             0     +  18,183       398,853 
       Notes and bonds, inflation-indexed (2)                12,814             0     +   1,212        12,814 
       Inflation compensation (3)                             1,514     +      12     +     368         1,512 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    27,813     -   4,044     +     884        19,000 
 Loans to depository institutions                                76     +      17     -      44            65 
    Primary credit                                               12     +      10     +      12             7 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              64     +       7     -      56            58 
    Adjustment credit                                             0             0             0             0 
 Float                                                        -317    +      92    -     272          332 
 Other Federal Reserve assets                                38,147     +      31     +   1,257        38,078 
Gold stock                                                   11,044     +       1             0        11,044 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            34,892     +      14     +   1,021        34,892 
                                                              
Total factors supplying reserve funds                       765,057     -   3,539     +  66,636       757,025 
                                                                          
Currency in circulation(5)                                  692,854     -     677     +  38,413       693,680 
Reverse repurchase agreements (6)                            21,987     +     389     +  21,987        21,673 
   Foreign official and international accounts               21,808     +     210     +  21,808        20,423 
   Dealers                                                      179     +     179     +     179         1,250 
Treasury cash holdings                                          376     +      17     -      39           385 
Deposits with F.R.Banks, other than reserve balances         17,843     +     793     +   2,380        17,449 
  U.S. Treasury, general account                              6,487     +     944     +   1,149         6,126 
  Foreign official                                              123     -      37     +      23            77 
  Service-related                                            11,004     -     101     +   1,205        11,004 
     Required clearing balances                              10,833     +      13     +   1,024        10,833 
     Adjustments to compensate for float                        170     -     115     +     180           170 
  Other                                                         229     -      13     +       3           243 
Other liabilities and capital                                19,990     -     291     +     411        19,836 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  753,050     +     230     +  63,152       753,023 
                                                              
Reserve balances with Federal Reserve Banks                  12,007     -   3,770     +   3,484         4,002 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           933,369     +   5,622      ------         935,950 
     U.S. Treasury                                          743,519     +   2,580      ------         747,892 
     Federal agency                                         189,850     +   3,042      ------         188,059 
  Securities lent to dealers                                    814     -     104     +     563           656 
Note: Components may not sum to totals because of rounding.
--- Not available.
 

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
Jun 4, 2003
Wednesday
May 28, 2003
Wednesday
Jun 5, 2002
Assets                                               
Gold certificate account                                         11,040         +       1         -       4 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                909         -      11         -      20 
Securities, repurchase agreements, and loans                    670,477         -  12,454         +  59,246 
   Securities held outright                                     651,413         +     544         +  63,040 
      U.S. Treasury (1)                                         651,403         +     544         +  63,040 
         Bills (2)                                              238,223         +     540         +  43,851 
         Notes and bonds, nominal (2)                           398,853                 0         +  17,619 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +   1,212 
         Inflation compensation (3)                               1,512         +       4         +     358 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     19,000         -  13,000         -   3,750 
   Loans                                                             65         +       3         -      44 
Items in process of collection                    (1,086)         9,883         -     749         +     926 
Bank premises                                                     1,579         -       2         +      65 
Other assets (5)                                                 36,505         -       9         +     956 
      Total assets                                (1,086)       732,594         -  13,223         +  61,170 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  660,078         -   1,089         +  37,251 
Reverse repurchase agreements (6)                                21,673         -     184         +  21,673 
Deposits                                            (-40)        22,192         -  11,366         +   1,515 
  Depository institutions                                        15,747         -  12,613         +   1,193 
  U.S. Treasury, general account                                  6,126         +   1,301         +     350 
  Foreign official                                                   77         -      52         -      19 
  Other                                             (-40)           243                 0         -       8 
Deferred availability cash items                  (1,126)         8,815         -     602         +     345 
Other liabilities and accrued dividends (7)                       2,305         -      21         -     203 
      Total liabilities                           (1,086)       715,063         -  13,263         +  60,581 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,584         +      10         +     302 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                              566         +      29         -     783 
      Total capital                                              17,530         +      39         +     588 
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 collatealized 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, June 4, 2003
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              23        45,801    -   5,948             0            0        14,000        21,673
16 days to 90 days          41       143,909    +   5,815             0            0         5,000             0
91 days to 1 year            0       154,845    +     951            10            0      ------       ------   
Over 1 to 5 years     ------         180,193    -     277             0            0      ------       ------   
Over 5 to 10 years    ------          46,670    +       1             0            0      ------       ------   
Over 10 years         ------          79,985    +       2             0            0      ------       ------   
           
All                         65       651,403    +     544            10            0        19,000       21,673 
 
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 June 4, 2003
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                      11,040         495       4,707         380         477         808         863         982         331         224         303         507         963 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             909          43          33          65          35         119          97         109          51          37          61         149         111 
Securities, repurchase agreements,                                 
      and loans                              670,477      31,495     297,699      20,366      30,524      50,096      44,010      65,837      20,511      14,557      17,513      25,531      52,340 
   Securities held outright                  651,413      31,493     278,695      20,366      30,524      50,096      44,007      65,825      20,494      14,540      17,506      25,529      52,337 
      U.S. Treasury (1)                      651,403      31,492     278,691      20,366      30,523      50,095      44,006      65,824      20,494      14,540      17,506      25,528      52,336 
         Bills (2)                           238,223      11,517     101,919       7,448      11,163      18,320      16,093      24,072       7,495       5,317       6,402       9,336      19,140 
         Notes and bonds(3)                  413,180      19,975     176,772      12,918      19,361      31,775      27,913      41,752      12,999       9,223      11,104      16,192      33,197 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                19,000           0      19,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       65           2           4           0           0           0           3          11          16          17           6           3           3 
Items in process of collection                10,969         559         923         685         614       1,038       1,038         959         657         495         644         413       2,944 
Bank premises                                  1,579          91         185          52         152         143         278         117          43         126          51         164         176 
Other assets(5)                               36,505       1,688      13,078       1,016       2,292       5,851       2,117       3,388         938       1,100         872       1,031       3,133 
Interdistrict settlement account                   0     - 3,601     +16,545     - 3,142     - 2,731     - 2,768     - 2,997     - 6,791     - 1,544     -   581     -    36     + 2,999     + 4,647 
          Total Assets                       733,679      30,885     334,045      19,505      31,467      55,434      45,572      64,813      21,057      15,988      19,474      30,892      64,549 
 
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 June 4, 2003
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             761,219      31,716     333,172      24,237      30,939      54,671      60,351      63,330      22,535      15,243      21,340      34,882      68,803 
  Less: notes held by F.R. Banks              101,142       4,264      23,097       7,455       3,913       7,588      19,913       6,663       3,468       1,339       4,036       6,435      12,969 
    Federal Reserve notes, net                660,078      27,451     310,075      16,782      27,026      47,083      40,438      56,666      19,067      13,904      17,304      28,447      55,833 
Reverse repurchase agreements (1)              21,673       1,048       9,273         678       1,016       1,667       1,464       2,190         682         484         582         849       1,741 
Deposits                                       22,152         730       9,025         786       1,201       1,526       1,445       2,991         463         410         621         658       2,295 
  Depository institutions                      15,747         728       2,686         784       1,198       1,447       1,484       2,987         455         409         619         657       2,292 
  U.S. Treasury, general account                6,126           0       6,126           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 77           2          53           1           3           7           2           3           1           1           1           1           3 
  Other                                           203           1         160           1           0          72         -40           0           7           0           1           0           0 
Deferred availability cash items                9,941         618         996         655         691         714       1,065         915         281         401         483         439       2,684 
Other liabilities and accrued                                                 
  dividends (2)                                 2,305         132         716          94         129         265         181         228          99          89          86         107         179 
                                                                    
    Total liabilities                         716,149      29,979     330,085      18,995      30,062      51,255      44,594      62,990      20,593      15,288      19,076      30,501      62,732 
                                                                    
Capital                                                             
Capital paid in                                 8,584         446       1,893         251         688       2,081         478         895         228         346         191         190         897 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     566          24         258          26          14          25          26          70          37          14           7          15          51 
     Total liabilities and capital            733,679      30,885     334,045      19,505      31,467      55,434      45,572      64,813      21,057      15,988      19,474      30,892      64,549 
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
Jun 4, 2003
Federal Reserve notes outstanding          761,219  
   Less: Notes held by F.R. Banks         
         not subject to collateralization    97,120  
      Federal Reserve Notes to be         
         collateralized                    664,099  
Collateral held against Federal Reserve             
   notes                                   664,099  
   Gold certificate account                 11,040  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           648,732  
   Other eligible assets                     2,127  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      670,413  
   Less:face value of securities under    
         reverse repurchase agreements      21,680  
      U.S. Treasury and agency securities  
             eligible to be pledged        648,732  
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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