Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  October 02, 2003
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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
October 2, 2003
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
Oct 1, 2003
Week ended
Oct 1, 2003
Change from week ended
Sep 24, 2003 Oct 2, 2002
                                                              
Reserve Bank Credit                                         727,180     +   9,572     +  65,544       731,678 
 Securities held outright                                   656,119     +     129     +  50,709       656,196 
    U.S. Treasury (1)                                       656,109     +     129     +  50,709       656,186 
       Bills (2)                                            241,527     +     125     +  38,108       241,601 
       Notes and bonds, nominal (2)                         399,595             0     +  11,029       399,595 
       Notes and bonds, inflation-indexed (2)                13,454             0     +   1,212        13,454 
       Inflation compensation (3)                             1,533     +       4     +     361         1,535 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    32,107     +   9,821     +  14,500        36,750 
 Loans to depository institutions                               178     -      58     +       7           151 
    Primary credit                                               23     -      50     +      23            20 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             155     -       8     -      16           131 
    Adjustment credit                                             0             0             0             0 
 Float                                                        -613    -     901    -     663         -898 
 Other Federal Reserve assets                                39,389     +     580     +     992        39,479 
Gold stock                                                   11,043             0     +       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,257     +      14     +     942        35,257 
                                                              
Total factors supplying reserve funds                       775,680     +   9,586     +  66,487       780,178 
                                                                          
Currency in circulation(5)                                  696,766     +     823     +  36,628       698,877 
Reverse repurchase agreements (6)                            21,384     +     839     +  21,384        22,090 
   Foreign official and international accounts               21,384     +     839     +  21,384        22,090 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          343     +       7     -      36           356 
Deposits with F.R.Banks, other than reserve balances         19,139     -     267     +   2,476        17,268 
  U.S. Treasury, general account                              6,922     -     618     +     740         4,922 
  Foreign official                                              459     +     357     +     372           496 
  Service-related                                            11,515     +      21     +   1,345        11,515 
     Required clearing balances                              11,225     -       1     +   1,288        11,225 
     Adjustments to compensate for float                        290     +      22     +      58           290 
  Other                                                         243     -      27     +      19           336 
Other liabilities and capital                                20,915     +     160     +   1,433        20,397 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  758,548     +   1,563     +  61,886       758,989 
                                                              
Reserve balances with Federal Reserve Banks                  17,132     +   8,023     +   4,601        21,190 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           973,530     +  10,173      ------         980,146 
     U.S. Treasury                                          781,726     +   6,931      ------         786,561 
     Federal agency                                         191,804     +   3,243      ------         193,585 
  Securities lent to dealers                                  3,689     +   3,074     +   2,152         2,048 
Note: Components may not sum to totals because of rounding.
--- Not available.
 

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
Oct 1, 2003
Wednesday
Sep 24, 2003
Wednesday
Oct 2, 2002
Assets                                               
Gold certificate account                                         11,039                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                839         -      10         -     239 
Securities, repurchase agreements, and loans                    693,097         +  10,752         +  69,490 
   Securities held outright                                     656,196         +     193         +  49,996 
      U.S. Treasury (1)                                         656,186         +     193         +  49,996 
         Bills (2)                                              241,601         +     187         +  37,395 
         Notes and bonds, nominal (2)                           399,595                 0         +  11,029 
         Notes and bonds, inflation-indexed (2)                    13,454                 0         +   1,212 
         Inflation compensation (3)                               1,535         +       5         +     360 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     36,750         +  10,750         +  19,500 
   Loans                                                            151         -     190         -       6 
Items in process of collection                    (1,291)         7,399         +     864         -   1,412 
Bank premises                                                     1,594         -       1         +      75 
Other assets (5)                                                 37,876         +     355         +   1,114 
      Total assets                                (1,291)       754,045         +  11,961         +  69,031 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  664,812         +   1,498         +  35,547 
Reverse repurchase agreements (6)                                22,090         +   3,289         +  22,090 
Deposits                                              (0)        38,548         +   6,340         +  11,030 
  Depository institutions                                        32,794         +   7,767         +  10,761 
  U.S. Treasury, general account                                  4,922         -   1,915         -     238 
  Foreign official                                                  496         +     414         +     419 
  Other                                               (0)           336         +      74         +      88 
Deferred availability cash items                  (1,291)         8,198         +   1,086         -     706 
Other liabilities and accrued dividends (7)                       2,210         -      35         -     197 
      Total liabilities                           (1,291)       735,857         +  12,176         +  67,762 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,746         -      12         +     481 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                            1,061         -     204         -     282 
      Total capital                                              18,187         -     216         +   1,267 
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 collatealized 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, October 1, 2003
Millions of dollars
Maturity Loans U.S. Treasury
securities (1)
Federal agency
securities
Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Holding Weekly
changes
Holdings Week
change
Within 15 days              31        45,734    -   6,694             0            0        36,750        22,090
16 days to 90 days         120       138,437    +   1,128            10            0             0             0
91 days to 1 year            0       166,362    +   6,870             0            0      ------       ------   
Over 1 to 5 years     ------         176,904    -   1,116             0            0      ------       ------   
Over 5 to 10 years    ------          51,660    +       2             0            0      ------       ------   
Over 10 years         ------          77,090    +       2             0            0      ------       ------   
           
All                        151       656,186    +     193            10            0        36,750       22,090 
 
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 October 1, 2003
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                      11,039         495       4,706         380         477         808         863         982         331         224         303         507         963 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             839          27          36          38          35         100         111         106          57          27          48         155         101 
Securities, repurchase agreements,                                 
      and loans                              693,097      31,724     317,492      20,515      30,748      50,463      44,336      66,346      20,670      14,687      17,654      25,716      52,746 
   Securities held outright                  656,196      31,724     280,742      20,515      30,748      50,463      44,330      66,309      20,645      14,647      17,635      25,716      52,722 
      U.S. Treasury (1)                      656,186      31,724     280,737      20,515      30,747      50,463      44,329      66,308      20,644      14,647      17,635      25,716      52,721 
         Bills (2)                           241,601      11,680     103,365       7,553      11,321      18,580      16,322      24,414       7,601       5,393       6,493       9,468      19,411 
         Notes and bonds(3)                  414,585      20,043     177,373      12,962      19,426      31,883      28,008      41,894      13,043       9,254      11,142      16,247      33,309 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                36,750           0      36,750           0           0           0           0           0           0           0           0           0           0 
      Loans                                      151           0           0           0           0           0           6          37          25          40          19           0          24 
Items in process of collection                 8,691         716         632         568         293         661         585         528         399         491         544         354       2,920 
Bank premises                                  1,594          91         189          52         150         143         277         120          43         125          54         172         176 
Other assets(5)                               37,876       1,752      13,559       1,078       2,378       6,062       2,192       3,525         970       1,138         898       1,074       3,251 
Interdistrict settlement account                   0     + 1,784     - 4,669     - 1,114     +   332     +   887     + 2,220     - 7,161     - 1,219     +    23     -   384     + 2,626     + 6,674 
          Total Assets                       755,336      36,705     332,818      21,600      34,517      59,272      50,749      64,658      21,321      16,745      19,184      30,701      67,066 
 
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 October 1, 2003
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             789,028      35,209     329,533      27,713      33,212      59,260      64,171      66,917      23,580      15,809      21,578      35,963      76,082 
  Less: notes held by F.R. Banks              124,216       5,697      25,884       9,213       5,679      10,586      19,128      10,678       4,627       1,702       4,958       8,206      17,858 
    Federal Reserve notes, net                664,812      29,512     303,649      18,501      27,533      48,674      45,043      56,239      18,953      14,107      16,620      27,758      58,224 
Reverse repurchase agreements (1)              22,090       1,068       9,451         691       1,035       1,699       1,492       2,232         695         493         594         866       1,775 
Deposits                                       38,548       4,464      13,758       1,204       3,919       3,721       2,053       3,328         768         873       1,030       1,014       2,415 
  Depository institutions                      32,794       4,454       8,213       1,203       3,916       3,549       2,051       3,324         760         871       1,028       1,013       2,412 
  U.S. Treasury, general account                4,922           0       4,922           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                496           2         472           1           3           7           2           3           1           1           1           1           3 
  Other                                           336           9         151           0           0         164           0           1           8           0           1           1           0 
Deferred availability cash items                9,490         607       1,024         586         460         698         983         735         332         472         448         563       2,582 
Other liabilities and accrued                                                 
  dividends (2)                                 2,210         126         684          91         120         242         176         223         100          86          87         110         166 
                                                                    
    Total liabilities                         737,149      35,777     328,566      21,073      33,067      55,033      49,748      62,757      20,847      16,030      18,779      30,310      65,162 
                                                                    
Capital                                                             
Capital paid in                                 8,746         448       1,997         255         705       2,073         478         917         228         348         196         184         918 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                   1,061          44         446          39          44          92          48         126          47          28           8          21         118 
     Total liabilities and capital            755,336      36,705     332,818      21,600      34,517      59,272      50,749      64,658      21,321      16,745      19,184      30,701      67,066 
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
Oct 1, 2003
Federal Reserve notes outstanding          789,028  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   119,110  
      Federal Reserve Notes to be         
         collateralized                    669,918  
Collateral held against Federal Reserve             
   notes                                   669,918  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           656,679  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      692,946  
   Less:face value of securities under    
         reverse repurchase agreements      22,094  
      U.S. Treasury and agency securities  
             eligible to be pledged        670,851  
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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