Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: June 3, 2004
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
                                                                                               June 3, 2004
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            Jun 2, 2004 May 26, 2004  Jun 4, 2003  Jun 2, 2004
Federal Reserve Banks

Reserve Bank Credit                                         749,607    +   5,939    +  32,711      742,972
 Securities held outright                                   681,468    +   1,441    +  30,266      681,483       
    U.S. Treasury (1)                                       681,468    +   1,441    +  30,276      681,483
       Bills (2)                                            250,462    +      62    +  12,452      250,472
       Notes and bonds, nominal (2)                         414,659    +   1,355    +  15,806      414,659
       Notes and bonds, inflation-indexed (2)                14,464            0    +   1,650       14,464
       Inflation compensation (3)                             1,883    +      24    +     369        1,888
    Federal agency (2)                                            0            0    -      10            0      
 Repurchase agreements(4)                                    29,750    +   3,643    +   1,937       22,500
 Loans to depository institutions                               127    +       9    +      51          162
    Primary credit                                                8    +       4    -       4           35
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             119    +       5    +      55          127
 Float                                                          -71    +     150    +     271          554
 Other Federal Reserve assets                                38,333    +     696    +     186       38,274
Gold stock                                                   11,045            0    +       1       11,045
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            35,783    +      14    +     807       35,783
       
Total factors supplying reserve funds                       798,635    +   5,952    +  33,520      792,001
                                                                   
Currency in circulation(5)                                  726,421    +   5,693    +  33,483      728,097
Reverse repurchase agreements (6)                            20,398    +   1,207    -   1,589       20,292
   Foreign official and international accounts               20,398    +   1,207    -   1,410       20,292
   Dealers                                                        0            0    -     179            0
Treasury cash holdings                                          320    -      10    -      56          323
Deposits with F.R.Banks, other than reserve balances         14,622    -     714    -   3,220       12,122       
  U.S. Treasury, general account                              4,092    -   1,120    -   2,395        1,592
  Foreign official                                              103    +      20    -      20           82
  Service-related                                            10,150    +     363    -     853       10,150
     Required clearing balances                              10,150    +     363    -     682       10,150
     Adjustments to compensate for float                          0            0    -     170            0
  Other                                                         277    +      23    +      48          298
Other liabilities and capital                                21,660    +     376    +   1,670       21,396

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  783,421    +   6,552    +  30,289      782,231

Reserve balances with Federal Reserve Banks                  15,213    -     600    +   3,230        9,769
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,220,724    +  10,107    + 287,355    1,224,925
     U.S. Treasury                                          984,852    +   6,392    + 241,333      989,107
     Federal agency                                         235,872    +   3,715    +  46,022      235,818
  Securities lent to dealers                                  2,751    -     653    +   1,937        2,625   


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
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation  Jun 2, 2004     May 26, 2004      Jun 4, 2003

Assets
Gold certificate account                                        11,041                0        +       1
Special drawing rights certificate account                       2,200                0                0
Coin                                                               718        -      23        -     191
Securities, repurchase agreements, and loans                   704,145        -  10,366        +  33,668
   Securities held outright                                    681,483        +     850        +  30,070
      U.S. Treasury (1)                                        681,483        +     850        +  30,080       
         Bills (2)                                             250,472        +      33        +  12,249
         Notes and bonds, nominal (2)                          414,659        +     796        +  15,806
         Notes and bonds, inflation-indexed (2)                 14,464                0        +   1,650
         Inflation compensation (3)                              1,888        +      21        +     376
      Federal agency (2)                                             0                0        -      10
   Repurchase agreements (4)                                    22,500        -  11,250        +   3,500    
   Loans                                                           162        +      34        +      97
Items in process of collection                      (803)        8,714        +   3,002        -   1,169
Bank premises                                                    1,683        +       5        +     104
Other assets (5)                                                36,541        +     390        +      36
      Total assets                                  (803)      765,042        -   6,991        +  32,448
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  693,351        +   4,307        +  33,273
Reverse repurchase agreements (6)                               20,292        +     961        -   1,381
Deposits                                              (0)       21,842        -  14,631        -     350       
  Depository institutions                                       19,870        -  11,412        +   4,123
  U.S. Treasury, general account                                 1,592        -   3,252        -   4,534
  Foreign official                                                  82        -       3        +       5
  Other                                               (0)          298        +      35        +      55
Deferred availability cash items                    (803)        8,160        +   2,168        -     655
Other liabilities and accrued dividends (7)                      2,404        +      15        +      99
      Total liabilities                             (803)      746,049        -   7,181        +  30,986
                          
Capital Accounts
Capital paid in                                                  9,204        +     109        +     620
Surplus                                                          8,847                0        +     467
Other capital accounts                                             942        +      80        +     376
      Total capital                                             18,992        +     188        +   1,462


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,       June 2, 2004
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              50       47,941   -   7,319            0           0       22,500       20,292
16 days to 90 days         112      158,769   +   9,367            0           0            0            0
91 days to 1 year            0      161,315   -   2,268            0           0     ------      ------
Over 1 to 5 years     ------        185,440   +     261            0           0     ------      ------
Over 5 to 10 years    ------         51,299   +     717            0           0     ------      ------
Over 10 years         ------         76,719   +      92            0           0     ------      ------
                   		 	
All                        162      681,483   +     850            0           0       22,500      20,292

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 2, 2004
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                      11,041        494      4,651        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                                             718         33         27         43         34         64         74         83         48         28         41        144         98
Securities, repurchase agreements,
      and loans                              704,145     32,003    318,000     20,270     29,120     51,796     45,961     61,443     20,036     14,902     17,923     31,073     61,618
   Securities held outright                  681,483     32,001    295,500     20,269     29,120     51,796     45,957     61,387     20,021     14,864     17,908     31,072     61,588
      U.S. Treasury (1)                      681,483     32,001    295,500     20,269     29,120     51,796     45,957     61,387     20,021     14,864     17,908     31,072     61,588
         Bills (2)                           250,472     11,761    108,608      7,450     10,703     19,037     16,891     22,562      7,359      5,463      6,582     11,420     22,636
         Notes and bonds(3)                  431,012     20,239    186,892     12,819     18,417     32,759     29,066     38,825     12,663      9,401     11,326     19,652     38,952
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                22,500          0     22,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      162          2          0          1          0          0          4         56         15         38         15          1         31
Items in process of collection                 9,517        785        443        496        468        536      1,193        604        450        538        725        527      2,752
Bank premises                                  1,683         96        191         52        153        144        279        132         51        124         74        206        181
Other assets(5)                               36,541      1,659     13,083      1,018      2,263      5,824      2,079      3,308        957      1,093        749        911      3,598
Interdistrict settlement account                   0    + 3,008    -24,175    + 3,048    - 1,590    - 1,917    + 2,421    + 1,739    +   589    -   426    + 1,498    + 4,121    +11,684
          Total Assets                       765,845     38,192    313,093     25,392     31,004     57,413     53,067     68,444     22,528     16,507     21,379     37,606     81,220

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 2, 2004
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             807,661     37,991    319,760     30,849     31,943     58,978     66,434     67,931     23,549     15,575     23,211     41,809     89,631
  Less: notes held by F.R. Banks              114,310      3,932     28,321      8,265      5,314     10,070     18,806      7,266      3,028      1,238      4,029      6,682     17,360
    Federal Reserve notes, net                693,351     34,059    291,439     22,584     26,629     48,908     47,628     60,665     20,521     14,337     19,182     35,127     72,271
Reverse repurchase agreements (1)              20,292        953      8,799        604        867      1,542      1,368      1,828        596        443        533        925      1,834
Deposits                                       21,842      1,203      6,908        924      1,167      1,871      1,874      3,028        575        445        783        733      2,333
  Depository institutions                      19,870      1,195      5,089        923      1,165      1,744      1,872      3,024        572        444        781        732      2,330
  U.S. Treasury, general account                1,592          0      1,592          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 82          2         59          1          2          7          2          3          1          1          1          0          4
  Other                                           298          6        167          0          0        120          0          0          2          0          1          0          0
Deferred availability cash items                8,963        804        743        616        704        598        960        698        251        574        465        426      2,125
Other liabilities and accrued                 
  dividends (2)                                 2,404        133        754         95        127        276        190        228        106         81         86        126        203
   
    Total liabilities                         746,852     37,151    308,643     24,822     29,495     53,195     52,020     66,446     22,048     15,880     21,050     37,337     78,766
                              
Capital                    
Capital paid in                                 9,204        506      2,114        278        738      2,064        506      1,021        232        264        153        128      1,200
Surplus                                         8,847        448      2,031        259        727      2,074        489        924        228        346        162        111      1,048
Other capital                                     942         86        306         34         44         80         52         53         20         17         14         31        205
     Total liabilities and capital            765,845     38,192    313,093     25,392     31,004     57,413     53,067     68,444     22,528     16,507     21,379     37,606     81,220
                              

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 2, 2004
              
Federal Reserve notes outstanding             807,661
   Less: Notes held by F.R. Banks
         not subject to collateralization     114,310
      Federal Reserve Notes to be
         collateralized                       693,351 
Collateral held against Federal Reserve            
   notes                                      693,351
   Gold certificate account                    11,041
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              680,110
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         703,983
   Less:face value of securities under
         reverse repurchase agreements         20,297
      U.S. Treasury and agency securities
             eligible to be pledged           683,686
   

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