Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page

Release Date:  October 29, 1998

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the information is available, on (202) 452-3206.
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
October 29, 1998
Millions of dollars
  Averages of daily figures
    Change from week ended  
Reserve balances of depository institutions at
F.R. Banks, Reserve Bank credit, and related items
Week ended
Oct 28, 1998
Oct 21, 1998 Oct 29, 1997 Wednesday
Oct 28, 1998
Reserve Bank Credit  (1,2)                                  488,266     -   2,571     +  34,741       489,154 
  U.S. government securities                                         
    Bought outright-system account (3)                      447,209     -      80     +  32,368       447,966 
    Held under repurchase agreements                          2,025     -   2,071     -   1,659         2,279 
  Federal agency obligations                                         
    Bought outright                                             388             0     -     328           388 
    Held under repurchase agreements                          3,457     -     958     +   2,144         3,440 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                            
                                                              
    Adjustment credit                                            13     +       9     +       3             1 
    Seasonal credit                                              91     -       8     -      99            83 
    Extended credit                                               0             0             0             0 
   Float                                                        358     +     535     -     212           193 
   Other F.R. assets                                         34,725     +       2     +   2,524        34,804 
Gold stock                                                  11,040    -       4    -      11       11,041 
Special drawing rights certificate account                    9,200             0             0         9,200 
Treasury currency outstanding                                26,028     +      14     +     462        26,028 
        Total factors supplying reserve funds               534,534     -   2,561     +  35,192       535,422 
                                                     
Currency in circulation*                                    496,594     -     573     +  35,982       498,016 
Treasury cash holdings*                                          90     -       2     -     148            87 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                    5,326     +       4     -     542         6,382 
  Foreign                                                       206     -       3     +      40           213 
  Service-related balances and adjustments (4)                6,866     -      88     -      41         6,866 
  Other                                                         424     +      17     +      41           467 
Other F.R. liabilities and capital                           17,188     -      31     +   1,137        16,927 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     526,695     -     675     +  36,468       528,958 
                                                              
Reserve balances with F.R. Banks  (5)                         7,839     -   1,887     -   1,276         6,464 
                                                                              
On October 28, 1998, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 576,334 million, a change of
+$ 516 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 19,348 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 19,348 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 19,121 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 19,121 million was with foreign official and international
accounts. Includes $ 240 million securities loaned--fully secured U.S. government securities.
3 Includes $ 3,250 million of inflation-indexed securities valued at the original face amount and
$ 59 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,686 million and adjustments of $ 180 million to
compensate for float.
5 Excludes required clearing balances and adjustments to compensate for float.
 

* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
 

 

Worksheet for H.4.1 (a)
 

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
 
     Change Since
ASSETS * Wednesday
Oct 28, 1998
Wednesday
Oct 21, 1998
Wednesday
Oct 29, 1997
Gold certificate account                                         11,041         -       3         -      10 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                458         +      45         -      60 
                                                
Loans                                                                84         -      11         -     101 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   388                 0         -     323 
  Held under repurchase agreements (1)                            3,440         -   2,048         +   1,596 
U.S. government securities                          
  Bought outright--Bills                                        196,578         -     808         +   1,617 
                   Notes (2)                                    184,333         +     742         +  21,257 
                   Bonds (3)                                     67,055                 0         +  10,996 
    Total bought outright (4)                                   447,966         -      66         +  33,870 
  Held under repurchase agreements (1)                            2,279         -   1,836         -   2,196 
     Total U.S. government securities                           450,245         -   1,902         +  31,674 
       Total loans and securities                               454,157         -   3,961         +  32,846 
     
Items in process of collection                      (487)         6,398         -     567         +     397 
Bank premises                                                     1,295         -       2         +      22 
Other assets (5)                                                 33,601         +     422         +   2,122 
                TOTAL ASSETS                        (487)       516,148         -   4,065         +  35,317 
     
                LIABILITIES                           
Federal Reserve notes                                           472,533         +     472         +  35,196 
Deposits                                           
  Depository institutions                                        13,385         -   5,388         -   3,001 
  U.S. Treasury--general account                                  6,382         +   1,541         +   1,291 
  Foreign--official accounts                                        213         +      36         +      22 
    Other                                                           467         +      69         +      30 
      Total deposits                                             20,448         -   3,742         -   1,658 
Deferred availability cash items                    (487)         6,240         -     697         +     622 
Other liabilities and accrued dividends (6)                       4,477         -     112         -     348 
                TOTAL LIABILITIES                   (487)       503,697         -   4,079         +  33,813 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,919         +       3         +     647 
Surplus                                                           5,220                 0         +     832 
Other capital accounts                                            1,311         +      11         +      25 
 
*Figures in parentheses are the eliminations made in the consolidation process.
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts of which $ 0 million was outstanding
at the end of the latest statement week.
2 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 50 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and
$ 8 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 19,121 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 240 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 197 million in Treasury bills maturing within 90 days.
6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
 

 

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 28, 1998
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
accordance with maximum majority of the agreements.
 

Millions of dollars
  U.S. government
securities (1)
Federal agency
obligations
  Loans Acceptances   Holdings Weekly
changes
Holdings Weekly
changes
Within 15 days   76  Within 15 days       12,666  -   1,208   3,440  -   2,048 
16 to 90 days     8  16 to 90 days        92,901  -   1,286      52  +       2 
Over 90 days      0  91 days to 1 year   142,265  +     591      93  +       8 
                        Over 1 to 5 years   105,384          0      58  -      10 
                        Over 5 to 10 years   42,034          0     185          0 
                        Over 10 years        54,995          0       0          0 
    Total        84      Total           450,245  -   1,902   3,828  -   2,048 
 
1 Includes $ 3,250 million of inflation-indexed securities valued at the original face amount and
$ 59 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
Components may not add to totals due to rounding.
 

 

H.4.1 (b)
 

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 28, 1998
Millions of dollars
ASSETS Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Gold certificate account                      11,041         582       4,201         323         643         807         717         998         358         128         289         530       1,465 
Special drawing rights certif. acct.           9,200         530       3,202         282         574         792         602         900         340         123         247         367       1,241 
Coin                                             458          24          18          16          18          49          63          96          20          15          33          50          54 
                                                               
Loans                                             84           0           0           0           0           0           2           9          19          29          22           1           1 
Acceptances                                        0           0           0           0           0           0           0           0           0           0           0           0           0 
Federal agency obligations                                   
  Bought outright                                388          21         144          11          25          31          24          37          14           4          11          18          49 
  Held under repurchase agreements(1)          3,440           0       3,440           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     196,578      10,706      72,860       5,715      12,776      15,485      11,958      18,872       6,908       2,160       5,453       8,938      24,747 
                   Notes (2)                 184,333      10,039      68,321       5,359      11,980      14,521      11,213      17,696       6,478       2,025       5,113       8,381      23,205 
                   Bonds (3)                  67,055       3,652      24,853       1,950       4,358       5,282       4,079       6,437       2,356         737       1,860       3,049       8,441 
     Total bought outright(4)                447,966      24,397     166,034      13,024      29,115      35,288      27,250      43,006      15,742       4,921      12,427      20,368      56,393 
  Held under repurchase agreements(1)          2,279           0       2,279           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             450,245      24,397     168,313      13,024      29,115      35,288      27,250      43,006      15,742       4,921      12,427      20,368      56,393 
       Total loans and securities            454,157      24,418     171,897      13,035      29,140      35,319      27,276      43,052      15,775       4,954      12,460      20,387      56,443 
                                                               
Items in process of collection                 6,885         500         733         300         284         492         701         594         298         618         470         251       1,645 
Bank premises                                  1,295          93         158          50         156         125          80         107          31         131          54         149         160 
Other assets(5)                               33,601       1,616      10,143       1,434       2,048       3,999       2,057       3,196         898         843         809       1,572       4,985 
Interdistrict settlement account                   0      -2,921     +21,925        -227      -4,633      -1,713      -1,460      -2,938      -2,195        +214        +926      +2,653      -9,631 
          TOTAL ASSETS                       516,635      24,843     212,277      15,214      28,231      39,870      30,034      46,005      15,525       7,026      15,288      25,959      56,362 
 

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts, of which $ 0 was outstanding at the
end of the latest statement week.
2 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 50 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and
$ 8 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 19,121 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 240 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 197 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.
 

 

H.4.1 (c)
 

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 28, 1998
Millions of dollars
LIABILITIES Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Federal Reserve notes                        472,533      23,035     198,979      13,290      25,833      35,554      26,810      41,809      14,278       5,581      13,830      23,549      49,984  
Deposits                                                          
  Depository institutions                     13,385         574       1,931       1,042         930         855       1,158       1,900         504         370         597       1,355       2,168  
  U.S. Treasury--general account               6,382           0       6,382           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     213           7          98           8           9          22           9          14           3           5           3           7          26  
  Other                                          467           2         104           1           4          94          49         198           2           2           8           2           3  
    Total deposits                            20,448         582       8,515       1,051         944         971       1,216       2,112         509         377         608       1,365       2,197  
Deferred credit items                          6,727        416         647        212         340        518         856        516         308        577         406        308       1,625  
Other liabilities and accrued             
  dividends (1)                           
    4,477         248       1,509         161         288         371         306         429         175          85         157         213         535  
    TOTAL LIABILITIES                        504,184      24,281     209,650      14,714      27,404      37,414  ;    29,188      44,866      15,270       6,620      15,001      25,434      54,342  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,919         268       1,186         213         398       1,223         410         549         119         201         138         233         980  
Surplus                                        5,220         254       1,055         273         335         818         338         502         122         189         119         271         945  
Other capital accounts                         1,311          40         385          13          93         415          98          89          14          16          30          21          96  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  516,635      24,843     212,277      15,214      28,231      39,870      30,034      46,005      15,525       7,026      15,288      25,959      56,362  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                    
F.R. notes outstanding                       587,780      27,913     239,893      16,393      30,295      44,118      37,014      52,790      16,939       7,361      16,610      30,161      68,292  
  Less--Held by F.R. Banks                   115,247       4,878      40,914       3,103       4,462       8,564      10,203      10,981       2,661       1,781       2,780       6,612      18,308  
  F.R. notes, net                            472,533      23,035     198,979      13,290      25,833      35,554      26,810      41,809      14,278       5,581      13,830      23,549      49,984  
Collateral held against F.R. notes                          
   Gold certificate account                   11,041                    
   Special drawing rights                 
     certificate account                  
 
    9,200  
                
   Other eligible assets                           0                  
   U.S. govt. and agency securities          452,292                  
     Total collateral                        472,533                  
 
1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.


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