Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: July 27, 2006
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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
                                                                                              July 27, 2006
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 26, 2006 Jul 19, 2006 Jul 27, 2005 Jul 26, 2006
Federal Reserve Banks

Reserve Bank Credit                                         825,902    -   4,807    +  32,620      826,238
 Securities held outright                                   764,752    -   1,036    +  40,048      764,763       
    U.S. Treasury (1)                                       764,752    -   1,036    +  40,048      764,763
       Bills (2)                                            277,019    +   1,178    +  12,004      277,019
       Notes and bonds, nominal (2)                         459,061    -   3,153    +  21,687      459,061
       Notes and bonds, inflation-indexed (2)                24,783    +     907    +   5,250       24,783
       Inflation compensation (3)                             3,889    +      32    +   1,107        3,900
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    20,536    -   3,750    -   8,107       21,000
 Loans to depository institutions                               350    +      22    +       6          371
    Primary credit                                               15    -       1    +       4           25
    Secondary credit                                              0            0    -      67            0
    Seasonal credit                                             334    +      21    +      68          346
 Float                                                         -807    -     181    +       5       -1,091
 Other Federal Reserve assets                                41,072    +     139    +     669       41,195
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,104    +      14    +   1,628       38,104
       
Total factors supplying reserve funds                       877,247    -   4,793    +  34,249      877,583
                                                                   
Currency in circulation(5)                                  792,766    -   1,889    +  31,948      793,849
Reverse repurchase agreements (6)                            29,161    -     278    +   1,166       28,468
   Foreign official and international accounts               29,161    -     278    +   1,166       28,468
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          158    -       4    -      86          148
Deposits with F.R.Banks, other than reserve balances         12,450    -      63    -   1,516       12,274       
  U.S. Treasury, general account                              5,017    +     102    +     139        4,824
  Foreign official                                              103    +      13    -       8          140
  Service-related                                             7,027    -     189    -   1,649        7,027
     Required clearing balances                               7,027    -     189    -   1,649        7,027
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         303    +      11    +       2          283
Other liabilities and capital                                34,977    +     169    +   4,878       34,751

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  869,513    -   2,064    +  36,392      869,490

Reserve balances with Federal Reserve Banks                   7,735    -   2,727    -   2,142        8,093
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,644,798    +  11,264    + 190,759    1,651,103
     U.S. Treasury                                        1,114,191    +   2,204    +  19,038    1,117,017
     Federal agency                                         530,607    +   9,061    + 171,722      534,086
  Securities lent to dealers                                  2,488    +     867    +     790        1,539   


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 Jul 26, 2006     Jul 19, 2006     Jul 27, 2005

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               750        +      14        +     125
Securities, repurchase agreements, and loans                   786,134        -   7,941        +  29,684
   Securities held outright                                    764,763        +      32        +  40,061
      U.S. Treasury (1)                                        764,763        +      32        +  40,061       
         Bills (2)                                             277,019                0        +  12,004
         Notes and bonds, nominal (2)                          459,061                0        +  21,687
         Notes and bonds, inflation-indexed (2)                 24,783                0        +   5,250
         Inflation compensation (3)                              3,900        +      31        +   1,120
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    21,000        -   8,000        -  10,000    
   Loans                                                           371        +      28        -     377
Items in process of collection                      (960)        4,030        -     898        -   1,453
Bank premises                                                    1,864        +       4        +      43
Other assets (5)                                                39,086        +     476        +     410
      Total assets                                  (960)      845,101        -   8,344        +  28,807
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  756,639        -     802        +  29,381
Reverse repurchase agreements (6)                               28,468        -   1,119        +   1,191
Deposits                                              (0)       20,121        -   6,674        -   5,523       
  Depository institutions                                       14,874        -   6,267        -   5,980
  U.S. Treasury, general account                                 4,824        -     448        +     407
  Foreign official                                                 140        +      52        +      59
  Other                                               (0)          283        -      11        -       8
Deferred availability cash items                    (960)        5,122        -     132        -   1,075
Other liabilities and accrued dividends (7)                      4,866        +      50        +   1,550
      Total liabilities                             (960)      815,217        -   8,676        +  25,526
                          
Capital Accounts
Capital paid in                                                 14,993        +       7        +   1,604
Surplus                                                         12,901                0        +   1,388
Other capital accounts                                           1,990        +     325        +     289
      Total capital                                             29,884        +     332        +   3,281


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,      July 26, 2006
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             334       62,066   -      11            0           0       21,000       28,468
16 days to 90 days          37      169,303   -     718            0           0            0            0
91 days to 1 year            0      175,697   +     732            0           0     ------      ------
Over 1 to 5 years     ------        217,918   +      10            0           0     ------      ------
Over 5 to 10 years    ------         61,347   +       6            0           0     ------      ------
Over 10 years         ------         78,433   +      14            0           0     ------      ------
                   		 	
All                        371      764,763   +      32            0           0       21,000      28,468

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 26, 2006
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                      11,037        486      4,139        463        446        853      1,023        947        328        211        324        575      1,242
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             750         28         36         32         72         68        102         90         39         30         56         78        118
Securities, repurchase agreements,
      and loans                              786,134     36,498    304,060     33,203     33,022     63,529     64,050     70,322     24,358     15,664     22,430     34,327     84,671
   Securities held outright                  764,763     36,493    283,060     33,203     33,022     63,529     64,024     70,220     24,298     15,547     22,394     34,322     84,652
      U.S. Treasury (1)                      764,763     36,493    283,060     33,203     33,022     63,529     64,024     70,220     24,298     15,547     22,394     34,322     84,652
         Bills (2)                           277,019     13,219    102,532     12,027     11,962     23,012     23,191     25,436      8,801      5,632      8,112     12,432     30,663
         Notes and bonds(3)                  487,745     23,274    180,528     21,176     21,061     40,517     40,832     44,785     15,496      9,916     14,282     21,889     53,989
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                21,000          0     21,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      371          5          0          0          0          0         27        102         60        117         36          5         19
Items in process of collection                 4,990        261        325        286        416        335        529        221        169        231        685        364      1,167
Bank premises                                  1,864        113        207         57        157        156        231        208         70        118        115        259        173
Other assets(5)                               39,086      1,259     14,161      1,851      2,290      6,930      2,762      2,800        782        716        742        986      3,807
Interdistrict settlement account                   0    -    66    + 1,596    + 1,067    -   746    + 1,547    + 3,972    - 8,424    -   534    -   314    + 1,574    - 1,631    + 1,959
          Total Assets                       846,061     38,693    325,399     37,042     35,762     73,564     72,834     66,377     25,283     16,686     25,993     35,057     93,370

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 26, 2006
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             930,576     38,027    348,762     39,795     36,971     73,049     92,362     73,752     27,178     17,190     27,306     49,590    106,595
  Less: notes held by F.R. Banks              173,937      3,681     50,632      7,832      6,365     13,729     27,164     13,900      3,979      2,314      3,831     17,731     22,779
    Federal Reserve notes, net                756,639     34,346    298,130     31,963     30,605     59,320     65,197     59,853     23,199     14,875     23,475     31,859     83,816
Reverse repurchase agreements (1)              28,468      1,358     10,537      1,236      1,229      2,365      2,383      2,614        904        579        834      1,278      3,151
Deposits                                       20,121      1,524      6,936        516        952      2,854      1,928      1,408        539        267        501        643      2,053
  Depository institutions                      14,874      1,517      1,831        514        948      2,742      1,925      1,404        538        266        499        642      2,049
  U.S. Treasury, general account                4,824          0      4,824          0          0          0          0          0          0          0          0          0          0
  Foreign official                                140          1        111          2          3         11          3          3          0          1          1          0          4
  Other                                           283          7        169          0          1        102          0          1          1          0          1          0          0
Deferred availability cash items                6,082        425        522        400        561        482        703        254        138        332        653        596      1,016
Other liabilities and accrued                 
  dividends (2)                                 4,866        250      1,617        226        234        470        413        453        180        131        161        236        494
   
    Total liabilities                         816,177     37,903    317,742     34,342     33,582     65,491     70,625     64,581     24,961     16,184     25,624     34,611     90,531
                              
Capital                    
Capital paid in                                14,993        382      3,675      1,744      1,122      4,014      1,073        822        153        243        174        212      1,379
Surplus                                        12,901        317      3,685        744      1,013      3,307        892        876        144        245        175        153      1,349
Other capital                                   1,990         91        297        212         45        752        244         97         26         13         20         81        112
     Total liabilities and capital            846,061     38,693    325,399     37,042     35,762     73,564     72,834     66,377     25,283     16,686     25,993     35,057     93,370
                              

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 26, 2006
              
Federal Reserve notes outstanding             930,576
   Less: Notes held by F.R. Banks
         not subject to collateralization     173,937
      Federal Reserve Notes to be
         collateralized                       756,639 
Collateral held against Federal Reserve            
   notes                                      756,639
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              743,402
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         785,763
   Less:face value of securities under
         reverse repurchase agreements         28,509
      U.S. Treasury and agency securities
             eligible to be pledged           757,254
   

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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