Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: July 10, 2003
Release dates
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              July 10, 2003
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at            Jul 9, 2003  Jul 2, 2003 Jul 10, 2002  Jul 9, 2003
Federal Reserve Banks

Reserve Bank Credit                                         718,451    -   1,082    +  60,310      722,505
 Securities held outright                                   652,443    +     281    +  59,807      652,461       
    U.S. Treasury (1)                                       652,433    +     281    +  59,807      652,451
       Bills (2)                                            239,285    +     287    +  41,955      239,305
       Notes and bonds, nominal (2)                         398,853            0    +  16,375      398,853
       Notes and bonds, inflation-indexed (2)                12,814            0    +   1,212       12,814
       Inflation compensation (3)                             1,480    -       6    +     264        1,479
    Federal agency (2)                                           10            0            0           10      
 Repurchase agreements(4)                                    26,000    -   2,714    +     143       29,250
 Loans to depository institutions                                99    -      89    -     111          104
    Primary credit                                                8    -      91    +       8            1
    Secondary credit                                              0            0            0            2
    Seasonal credit                                              91    +       2    -      76          102
    Adjustment credit                                             0            0    -      42            0
 Float                                                          674    +   1,247    +     190        1,389
 Other Federal Reserve assets                                39,236    +     193    +     282       39,301
Gold stock                                                   11,044            0            0       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            34,994    +      14    +     998       34,994
       
Total factors supplying reserve funds                       766,689    -   1,068    +  61,308      770,742
                                                                   
Currency in circulation(5)                                  697,775    +   4,248    +  33,676      697,326
Reverse repurchase agreements (6)                            20,844    -   2,285    +  20,844       20,254
   Foreign official and international accounts               20,844    -   2,285    +  20,844       20,254
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          327    -      33    -      61          327
Deposits with F.R.Banks, other than reserve balances         17,746    -     136    +   2,310       17,929       
  U.S. Treasury, general account                              6,218    +     131    +   1,233        6,356
  Foreign official                                              279    -     133    +     180          327
  Service-related                                            11,020    -     116    +     897       11,020
     Required clearing balances                              10,839            0    +     936       10,839
     Adjustments to compensate for float                        181    -     116    -      40          181
  Other                                                         229    -      19    +       1          225
Other liabilities and capital                                19,817    -     228    +     242       19,675

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  756,508    +   1,565    +  57,010      755,510

Reserve balances with Federal Reserve Banks                  10,181    -   2,634    +   4,298       15,232
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)           945,620    +   2,342     ------        938,109
     U.S. Treasury                                          760,893    +   3,832     ------        755,623
     Federal agency                                         184,726    -   1,491     ------        182,486
  Securities lent to dealers                                  1,595    -   2,980    +   1,036          609   


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
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation  Jul 9, 2003      Jul 2, 2003     Jul 10, 2002

Assets
Gold certificate account                                        11,039                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               874        -      30        -      11
Securities, repurchase agreements, and loans                   681,815        +   3,361        +  60,076
   Securities held outright                                    652,461        +      98        +  57,920
      U.S. Treasury (1)                                        652,451        +      98        +  57,920       
         Bills (2)                                             239,305        +     104        +  40,581
         Notes and bonds, nominal (2)                          398,853                0        +  15,864
         Notes and bonds, inflation-indexed (2)                 12,814                0        +   1,212
         Inflation compensation (3)                              1,479        -       5        +     263
      Federal agency (2)                                            10                0                0
   Repurchase agreements (4)                                    29,250        +   3,250        +   2,250    
   Loans                                                           104        +      12        -      94
Items in process of collection                    (1,172)       10,110        +     653        +   2,308
Bank premises                                                    1,582        +       1        +      63
Other assets (5)                                                37,712        +     312        -     227
      Total assets                                (1,172)      745,332        +   4,297        +  62,208
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  663,529        -     946        +  32,156
Reverse repurchase agreements (6)                               20,254        -     791        +  20,254
Deposits                                              (0)       33,479        +   7,057        +   8,819       
  Depository institutions                                       26,571        +   6,552        +   7,410
  U.S. Treasury, general account                                 6,356        +     649        +   1,162
  Foreign official                                                 327        -     149        +     243
  Other                                               (0)          225        +       5        +       4
Deferred availability cash items                  (1,172)        8,395        -   1,062        +     863
Other liabilities and accrued dividends (7)                      2,107        +       6        -     275
      Total liabilities                           (1,172)      727,764        +   4,264        +  61,817
                          
Capital Accounts
Capital paid in                                                  8,660        +       1        +     392
Surplus                                                          8,378        -       2        +   1,066
Other capital accounts                                             529        +      33        -   1,069
      Total capital                                             17,567        +      32        +     390


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,       July 9, 2003
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
Within 15 days              44       40,668   -     434            0           0       24,250       20,254
16 days to 90 days          60      147,314   +     588            0           0        5,000            0
91 days to 1 year            0      158,485   -      50           10           0     ------      ------
Over 1 to 5 years     ------        179,353   -       2            0           0     ------      ------
Over 5 to 10 years    ------         46,659   -       2            0           0     ------      ------
Over 10 years         ------         79,971   -       2            0           0     ------      ------
                   		 	
All                        104      652,451   +      98           10           0       29,250      20,254

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       July 9, 2003
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,039        495      4,706        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                                             874         39         32         52         35        109        108        108         54         35         60        145         98
Securities, repurchase agreements,
      and loans                              681,815     31,544    308,394     20,399     30,573     50,176     44,089     65,952     20,533     14,610     17,543     25,574     52,428
   Securities held outright                  652,461     31,544    279,144     20,399     30,573     50,176     44,078     65,931     20,527     14,564     17,535     25,570     52,421
      U.S. Treasury (1)                      652,451     31,543    279,139     20,398     30,572     50,176     44,077     65,930     20,527     14,564     17,534     25,569     52,421
         Bills (2)                           239,305     11,569    102,382      7,482     11,213     18,403     16,167     24,182      7,529      5,342      6,431      9,378     19,227
         Notes and bonds(3)                  413,146     19,974    176,757     12,917     19,359     31,772     27,911     41,749     12,998      9,222     11,103     16,191     33,194
         Federal agency (2)                       10          0          4          0          0          1          1          1          0          0          0          0          1
      Repurchase agreements(4)                29,250          0     29,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      104          0          0          1          0          0         12         21          6         46          9          4          6
Items in process of collection                11,282        652        758        497        522        818      1,101      1,298        507        742        714        450      3,224
Bank premises                                  1,582         91        185         52        152        143        279        118         43        126         52        166        176
Other assets(5)                               37,712      1,736     13,632      1,110      2,329      5,885      2,195      3,545        969      1,119        899      1,081      3,212
Interdistrict settlement account                   0    - 3,029    +11,675    - 3,152    - 3,223    + 1,135    -   788    - 7,667    - 1,013    -   899    -   175    + 3,431    + 3,706
          Total Assets                       746,503     31,644    340,255     19,421     30,968     59,221     48,013     64,547     21,495     15,987     19,461     31,451     64,040

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       July 9, 2003
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             768,847     31,695    332,357     24,280     31,074     58,231     62,026     64,916     23,152     15,189     21,271     35,193     69,463
  Less: notes held by F.R. Banks              105,319      4,589     23,299      7,262      4,358      8,713     19,590      7,563      3,893      1,403      4,260      6,743     13,646
    Federal Reserve notes, net                663,529     27,106    309,058     17,018     26,716     49,518     42,437     57,353     19,259     13,786     17,011     28,451     55,817
Reverse repurchase agreements (1)              20,254        979      8,665        633        949      1,558      1,368      2,047        637        452        544        794      1,627
Deposits                                       33,479      1,852     16,986        783      1,316      3,056      1,944      2,289        743        513        865      1,162      1,972
  Depository institutions                      26,571      1,849     10,160        782      1,313      2,994      1,942      2,286        742        511        863      1,161      1,969
  U.S. Treasury, general account                6,356          0      6,356          0          0          0          0          0          0          0          0          0          0
  Foreign official                                327          2        304          1          3          7          2          3          1          1          1          1          3
  Other                                           225          0        167          0          0         55          0          0          0          0          1          0          0
Deferred availability cash items                9,567        682        932        387        460        715      1,118        809        298        455        560        560      2,591
Other liabilities and accrued                 
  dividends (2)                                 2,107        121        668         89        111        213        175        208         94         85         82        104        157
   
    Total liabilities                         728,936     30,740    336,309     18,909     29,552     55,059     47,041     62,707     21,031     15,290     19,061     31,071     62,164
                              
Capital                    
Capital paid in                                 8,660        446      1,900        252        705      2,090        477        911        228        347        192        182        931
Surplus                                         8,378        436      1,809        233        702      2,072        475        858        199        340        201        186        868
Other capital                                     529         21        238         26         10          0         19         72         37         10          8         12         77
     Total liabilities and capital            746,503     31,644    340,255     19,421     30,968     59,221     48,013     64,547     21,495     15,987     19,461     31,451     64,040
                              

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
                                           Jul 9, 2003
              
Federal Reserve notes outstanding             768,847
   Less: Notes held by F.R. Banks
         not subject to collateralization     100,612
      Federal Reserve Notes to be
         collateralized                       668,236 
Collateral held against Federal Reserve            
   notes                                      668,236
   Gold certificate account                    11,039
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              654,996
   Other eligible assets                            0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         681,711
   Less:face value of securities under
         reverse repurchase agreements         20,258
      U.S. Treasury and agency securities
             eligible to be pledged           661,453
   

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. 

Release dates
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases