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

Release Date:  December 10, 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
December 10, 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
Dec 9, 1998
Dec 2, 1998 Dec 10, 1997 Wednesday
Dec 9, 1998
Reserve Bank Credit  (1,2)                                  496,035     -   5,408     +  32,007       498,677 
  U.S. government securities                                         
    Bought outright-system account (3)                      454,530     +     132     +  30,137       454,775 
    Held under repurchase agreements                          3,509     -   2,205     -   1,884         4,897 
  Federal agency obligations                                         
    Bought outright                                             368             0     -     317           368 
    Held under repurchase agreements                          3,245     -   2,046     +   2,333         3,486 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                            
                                                              
    Adjustment credit                                             2     -      32     -      30             6 
    Seasonal credit                                              12     -       4     -      73            11 
    Extended credit                                               0             0             0             0 
   Float                                                        785     +      74     -     819           954 
   Other F.R. assets                                         33,584     -   1,326     +   2,659        34,179 
Gold stock                                                  11,041            0    -      10       11,041 
Special drawing rights certificate account                    9,200             0             0         9,200 
Treasury currency outstanding                                26,135     +      14     +     535        26,135 
        Total factors supplying reserve funds               542,410     -   5,393     +  32,532       545,052 
                                                     
Currency in circulation*                                    506,694     -     220     +  34,502       507,863 
Treasury cash holdings*                                          98     -       2     -     132            87 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                    5,035     -     270     +     506         4,199 
  Foreign                                                       154     -      53     -      18           155 
  Service-related balances and adjustments (4)                6,744     -     468     -      89         6,745 
  Other                                                         346     -      17     -       1           327 
Other F.R. liabilities and capital                           16,499     -     306     +     955        16,649 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     535,569     -   1,334     +  35,722       536,024 
                                                              
Reserve balances with F.R. Banks  (5)                         6,841     -   4,060     -   3,191         9,028 
                                                                              
On December 9, 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 596,183 million, a change of
+$ 804 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 18,530 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 18,530 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 18,286 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 18,286 million was with foreign official and international
accounts. Includes $ 126 million securities loaned--fully secured U.S. government securities.
3 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 73 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,666 million and adjustments of $ 79 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
Dec 9, 1998
Wednesday
Dec 2, 1998
Wednesday
Dec 10, 1997
Gold certificate account                                         11,041                 0         -      10 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                385         +       8         -      99 
                                                
Loans                                                                18         -     106         -      81 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   368                 0         -     317 
  Held under repurchase agreements (1)                            3,486         +     519         +   3,486 
U.S. government securities                          
  Bought outright--Bills                                        197,413         +     560         +     667 
                   Notes (2)                                    187,890         +       2         +  16,327 
                   Bonds (3)                                     69,472                 0         +  10,065 
    Total bought outright (4)                                   454,775         +     562         +  27,059 
  Held under repurchase agreements (1)                            4,897         -     123         +   3,397 
     Total U.S. government securities                           459,672         +     439         +  30,456 
       Total loans and securities                               463,544         +     853         +  33,544 
     
Items in process of collection                      (584)         8,373         -     884         -     451 
Bank premises                                                     1,295         +       1         +      27 
Other assets (5)                                                 33,093         -     237         +   3,215 
                TOTAL ASSETS                        (584)       526,931         -     260         +  36,227 
     
                LIABILITIES                           
Federal Reserve notes                                           482,201         +     175         +  33,590 
Deposits                                           
  Depository institutions                                        16,018         -     112         +   1,369 
  U.S. Treasury--general account                                  4,199         -     183         -     300 
  Foreign--official accounts                                        155         -      16         -       5 
    Other                                                           327         -      34         -      56 
      Total deposits                                             20,698         -     344         +   1,009 
Deferred availability cash items                    (584)         7,383         -     486         +     594 
Other liabilities and accrued dividends (6)                       4,357         -      20         -     296 
                TOTAL LIABILITIES                   (584)       514,639         -     675         +  34,897 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,937         +       1         +     612 
Surplus                                                           5,220         +      11         +     832 
Other capital accounts                                            1,135         +     403         -     113 
 
*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 $ 2,867 million of inflation-indexed securities valued at the original face amount and
$ 63 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and
$ 10 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,286 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 126 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 $ 110 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, December 9, 1998
Holdings of securities include securitites held under repurchase agreements, which are classified according
to remaining maturity.
 

Millions of dollars
  U.S. government
securities (1)
Federal agency
obligations
  Loans Acceptances   Holdings Weekly
changes
Holdings Weekly
changes
Within 15 days    7  Within 15 days       15,130  +   1,751     888  -   2,109 
16 to 90 days    10  16 to 90 days       104,570  +   4,976   2,630  +   2,628 
Over 90 days      0  91 days to 1 year   132,137  -   6,290     100          0 
                        Over 1 to 5 years   107,349  +       1      51          0 
                        Over 5 to 10 years   44,819  +       1     185          0 
                        Over 10 years        55,667          0       0          0 
    Total        18      Total           459,672  +     439   3,854  +     519 
 
1 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 73 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 December 9, 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                                             385          28          19          23          15          52          53          40          19          15          27          40          54 
                                                               
Loans                                             18           0           0           2           0           0           0           2           1           3           7           0           2 
Acceptances                                        0           0           0           0           0           0           0           0           0           0           0           0           0 
Federal agency obligations                                   
  Bought outright                                368          20         136          11          24          29          22          35          13           4          10          17          46 
  Held under repurchase agreements(1)          3,486           0       3,486           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     197,413      10,752      73,169       5,740      12,830      15,551      12,009      18,952       6,937       2,169       5,476       8,976      24,852 
                   Notes (2)                 187,890      10,233      69,640       5,463      12,211      14,801      11,429      18,038       6,603       2,064       5,212       8,543      23,653 
                   Bonds (3)                  69,472       3,784      25,749       2,020       4,515       5,473       4,226       6,669       2,441         763       1,927       3,159       8,746 
     Total bought outright(4)                454,775      24,768     168,558      13,222      29,557      35,825      27,664      43,659      15,981       4,996      12,616      20,678      57,250 
  Held under repurchase agreements(1)          4,897           0       4,897           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             459,672      24,768     173,455      13,222      29,557      35,825      27,664      43,659      15,981       4,996      12,616      20,678      57,250 
       Total loans and securities            463,544      24,788     177,077      13,235      29,581      35,854      27,687      43,697      15,996       5,003      12,633      20,695      57,299 
                                                               
Items in process of collection                 8,957         763         931         444         400         670       1,078         649         318         741         517         559       1,888 
Bank premises                                  1,295          93         158          50         156         125          81         107          31         131          54         148         162 
Other assets(5)                               33,093       1,568      10,081       1,452       1,995       3,977       2,013       3,071         863         844         780       1,541       4,907 
Interdistrict settlement account                   0        -519     +12,091      +1,054      -4,309      +1,734      +1,281      -1,238      -2,027        +217        +487      +1,500     -10,272 
          TOTAL ASSETS                       527,514      27,834     207,761      16,864      29,054      44,011      33,512      48,223      15,898       7,202      15,034      25,381      56,742 
 

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 $ 2,867 million of inflation-indexed securities valued at the original face amount and
$ 63 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and
$ 10 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,286 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 126 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 $ 110 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 December 9, 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                        482,201      25,434     195,027      15,397      26,058      39,363      30,210      43,668      14,506       5,727      13,697      23,182      49,931  
Deposits                                                          
  Depository institutions                     16,018       1,098       3,529         523       1,452       1,089       1,134       2,317         611         355         461       1,077       2,372  
  U.S. Treasury--general account               4,199           0       4,199           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     155           7          40           8           9          22           9          14           3           5           3           7          26  
  Other                                          327           0         105           1           1          70           7         111           2           1          21           1           5  
    Total deposits                            20,698       1,105       7,873         532       1,463       1,181       1,151       2,442         616         362         486       1,086       2,403  
Deferred credit items                          7,966        503         818        328         442        658       1,009        546         352        634         413        339       1,924  
Other liabilities and accrued             
  dividends (1)                           
    4,357         239       1,454         155         276         361         290         414         167          83         152         257         508  
    TOTAL LIABILITIES                        515,222      27,281     205,171      16,412      28,238      41,563  ;    32,661      47,069      15,640       6,807      14,748      24,864      54,767  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,937         266       1,208         175         398       1,237         420         577         119         202         140         224         971  
Surplus                                        5,220         254       1,055         273         335         818         338         502         122         189         119         271         945  
Other capital accounts                         1,135          33         326           4          82         393          92          75          17           4          28          22          59  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  527,514      27,834     207,761      16,864      29,054      44,011      33,512      48,223      15,898       7,202      15,034      25,381      56,742  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                    
F.R. notes outstanding                       608,301      30,006     240,884      18,244      29,909      49,302      41,968      54,309      17,157       7,456      16,857      33,773      68,436  
  Less--Held by F.R. Banks                   126,100       4,571      45,857       2,848       3,851       9,939      11,757      10,642       2,651       1,729       3,160      10,591      18,504  
  F.R. notes, net                            482,201      25,434     195,027      15,397      26,058      39,363      30,210      43,668      14,506       5,727      13,697      23,182      49,931  
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          461,960                  
     Total collateral                        482,201                  
 
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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