Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  January 24, 2008
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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
January 24, 2008
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
Jan 23, 2008
Week ended
Jan 23, 2008
Change from week ended
Jan 16, 2008 Jan 24, 2007
                                                              
Reserve Bank Credit                                         861,489     -   6,047     +  24,399       861,216 
 Securities held outright                                   723,298     -   4,940     -  55,582       723,315 
    U.S. Treasury (1)                                       723,298     -   4,940     -  55,582       723,315 
       Bills (2)                                            210,360     -   5,000     -  66,659       210,360 
       Notes and bonds, nominal (2)                         470,984             0     +   3,120       470,984 
       Notes and bonds, inflation-indexed (2)                37,463     +     395     +   6,876        37,463 
       Inflation compensation (3)                             4,491     -     335     +   1,081         4,508 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements(4)                                    21,500     -   9,821     +   2,893        22,000 
 Term auction credit                                         50,000     +  10,000     +  50,000        50,000 
 Other loans                                                    752     -     484     +     433            20 
    Primary credit                                              744     -     486     +     446            14 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                               8     +       2     -      13             6 
 Float                                                      -1,271    -     227    -     726       -1,546 
 Other Federal Reserve assets                                67,210     -     574     +  27,381        67,427 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,863     +      14     +     621        38,863 
                                                              
Total factors supplying reserve funds                       913,593     -   6,033     +  25,021       913,320 
                                                                          
Currency in circulation(5)                                  812,230     -   1,388     +   8,924       811,982 
Reverse repurchase agreements (6)                            39,705     +   1,137     +  10,295        37,495 
   Foreign official and international accounts               39,705     +   1,137     +  10,295        37,495 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          288     +      16     +      68           304 
Deposits with F.R.Banks, other than reserve balances         12,441     +     216     +      75        11,951 
  U.S. Treasury, general account                              5,335     +     164     +     223         4,871 
  Foreign official                                              102     +       2     -       7            97 
  Service-related                                             6,679     +      28     -     158         6,679 
     Required clearing balances                               6,679     +      28     -     158         6,679 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         325     +      22     +      17           304 
Other liabilities and capital                                42,516     -     742     +   5,492        42,151 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  907,181     -     761     +  24,855       903,883 
                                                              
Reserve balances with Federal Reserve Banks                   6,412     -   5,272     +     166         9,437 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         2,095,767     +  24,092     + 316,456     2,103,433 
     U.S. Treasury                                        1,251,102     +  12,135     +  81,922     1,250,167 
     Federal agency                                         844,665     +  11,957     + 234,534       853,265 
  Securities lent to dealers                                 10,433     +   3,360     +   8,766        10,594 
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
Assets, liabilities, and capital Eliminations
from
consolidation
  Change Since
Wednesday
Jan 23, 2008
Wednesday
Jan 16, 2008
Wednesday
Jan 24, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,294         +      48         +     310 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   795,335         -  17,491         -   2,566 
   Securities held outright                                     723,315         -   4,944         -  55,560 
      U.S. Treasury (1)                                         723,315         -   4,944         -  55,560 
         Bills (2)                                              210,360         -   5,000         -  66,659 
         Notes and bonds, nominal (2)                           470,984                 0         +   3,120 
         Notes and bonds, inflation-indexed (2)                  37,463                 0         +   6,876 
         Inflation compensation (3)                               4,508         +      56         +   1,102 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                     22,000         -  17,000         +   3,000 
   Term auction credit                                           50,000         +  10,000         +  50,000 
   Other loans                                                       20         -   5,547         -       6 
Items in process of collection                     1,148)         2,688         +     626         -     430 
Bank premises                                                     2,137         +       5         +     188 
Other assets (5)                                                 65,156         -     171         +  26,760 
      Total assets                                 1,148)       879,847         -  16,983         +  24,262 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  774,712         -     791         +   8,874 
Reverse repurchase agreements (6)                                37,495         -   3,584         +   8,076 
Deposits                                              (0)        21,255         -  13,073         +   2,242 
  Depository institutions                                        15,984         -  12,264         +   2,776 
  U.S. Treasury, general account                                  4,871         -     803         -     541 
  Foreign official                                                   97                 0         +       7 
  Other                                               (0)           304         -       5         +       1 
Deferred availability cash items                   1,148)         4,233         +     946         +      22 
Other liabilities and accrued dividends (7)                       4,406         -     662         -   1,145 
      Total liabilities                            1,148)       842,102         -  17,165         +  18,069 
                                                          
Capital Accounts                                          
Capital paid in                                                  18,465         +      17         +   3,133 
Surplus                                                          18,444         +      27         +   3,352 
Other capital accounts                                              836         +     138         -     292 
      Total capital                                              37,745         +     182         +   6,193 
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 Term Auction Credit, Other Loans and Securities, January 23, 2008
Millions of dollars
  U.S. Treasury
securities (1)
 

Remaining maturity
Term auction
credit
Other
loans

Holdings
Weekly
changes

Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Within 15 days           20,000            20        46,545     +   3,340        22,000        37,495  
16 days to 90 days       30,000             0       123,121     -   8,298             0             0  
91 days to 1 year      ------               0       148,953     -      37      ------       ------     
Over 1 to 5 years      ------        ------         231,414     +      17      ------       ------     
Over 5 to 10 years     ------        ------          84,395     +   2,426      ------       ------     
Over 10 years          ------        ------          88,887     -   2,391      ------       ------     
          
All                      50,000            20       723,315     -   4,944        22,000        37,495  
 
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.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on January 23, 2008
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                      11,037         449       4,053         455         428         869       1,117         903         326         203         335         613       1,286 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,294          42          61          94         127         152         166         145          54          53          80         140         179 
Securities, repurchase agreements, term                            
      auction credit, and other loans        795,335      34,368     305,525      32,978      31,593      65,336      72,162      63,422      24,871      16,371      24,151      33,997      90,561 
   Securities held outright                  723,315      33,335     261,910      32,000      29,600      62,670      67,086      60,669      23,118      14,432      23,414      31,780      83,301 
      U.S. Treasury (1)                      723,315      33,335     261,910      32,000      29,600      62,670      67,086      60,669      23,118      14,432      23,414      31,780      83,301 
         Bills (2)                           210,360       9,695      76,171       9,306       8,609      18,226      19,510      17,644       6,723       4,197       6,810       9,243      24,226 
         Notes and bonds(3)                  512,955      23,640     185,740      22,693      20,992      44,444      47,575      43,025      16,395      10,235      16,605      22,537      59,075 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                22,000       1,014       7,966         973         900       1,906       2,040       1,845         703         439         712         967       2,534 
      Term auction credit                     50,000          20      35,649           0       1,093         760       3,035         905       1,050      1,500          20       1,250       4,719  
      Other loans                                 20           0           0           6           0           0           0           2           0           0           5           0           7 
Items in process of collection                 3,836         139         333         451         449         127         326         315         155         236         374         238         693 
Bank premises                                  2,137         120         215          64         153         182         230         205         114         113         269         256         217 
Other assets(5)                               65,156       1,987      18,560       6,341       4,088      14,233       5,488       4,000       1,068       1,195       1,095       1,392       5,711 
Interdistrict settlement account                   0     +   277     -17,714     -   348     -   282     + 2,216     + 3,265     + 9,652     + 4,188     +   150     + 5,886     - 1,990     - 5,299 
          Total Assets                       880,995      37,498     311,907      40,118      36,660      83,261      82,919      78,854      30,846      18,350      32,256      34,744      93,582 
 
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 January 23, 2008
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           1,004,645      39,182     351,797      42,084      39,673      80,411     111,027      86,249      32,976      19,248      33,294      56,946     111,757 
  Less: notes held by F.R. Banks              229,932       6,639      72,634       8,888       9,121      15,112      36,858      14,818       4,426       3,081       3,792      25,875      28,688 
    Federal Reserve notes, net                774,712      32,542     279,162      33,196      30,552      65,299      74,169      71,431      28,550      16,167      29,502      31,072      83,069 
Reverse repurchase agreements (1)              37,495       1,728      13,577       1,659       1,534       3,249       3,478       3,145       1,198         748       1,214       1,647       4,318 
Deposits                                       21,255         668       8,135         447       1,044       3,717       1,367       1,751         332         293         489         757       2,255 
  Depository institutions                      15,984         653       3,026         441       1,040       3,602       1,364       1,749         321         292         487         756       2,252 
  U.S. Treasury, general account                4,871           0       4,871           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 97           1          67           5           3          11           3           2           0           1           0           1           3 
  Other                                           304          13         171           2           1         104           0           0          11           0           1           0           0 
Deferred availability cash items                5,381         254         206         938         690         411         477         434         196         287         474         280         733 
Other liabilities and accrued                                                 
  dividends (2)                                 4,406         209       1,291         210         222         519         410         400         187         129         166         232         431 
                                                                    
    Total liabilities                         843,250      35,401     302,371      36,450      34,042      73,194      79,900      77,161      30,464      17,625      31,845      33,988      90,807 
                                                                    
Capital                                                             
Capital paid in                                18,465       1,049       4,619       1,814       1,291       4,996       1,448         816         180         355         194         364       1,339 
Surplus                                        18,444       1,044       4,619       1,813       1,291       4,996       1,425         814         180         355         194         363       1,350 
Other capital                                     836           4         299          41          36          74         147          61          22          15          22          29          85 
     Total liabilities and capital            880,995      37,498     311,907      40,118      36,660      83,261      82,919      78,854      30,846      18,350      32,256      34,744      93,582 
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
Jan 23, 2008
Federal Reserve notes outstanding        1,004,645  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   229,932  
      Federal Reserve notes to be         
         collateralized                    774,712  
Collateral held against Federal Reserve             
   notes                                   774,712  
   Gold certificate account                 11,037  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           707,795  
   Other assets pledged                     53,680  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      745,315  
   Less:face value of securities under    
         reverse repurchase agreements      37,520  
      U.S. Treasury and agency securities  
             eligible to be pledged        707,795  
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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