Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  January 02, 2004
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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 2, 2004
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
Dec 31, 2003
Week ended
Dec 31, 2003
Change from week ended
Dec 24, 2003 Jan 1, 2003
                                                              
Reserve Bank Credit                                         746,570     +   7,055     +  39,836       750,176 
 Securities held outright                                   666,402     +     368     +  36,987       666,665 
    U.S. Treasury (1)                                       666,402     +     368     +  36,997       666,665 
       Bills (2)                                            244,569     +     372     +  17,887       244,833 
       Notes and bonds, nominal (2)                         406,173             0     +  16,954       406,173 
       Notes and bonds, inflation-indexed (2)                13,994             0     +   1,752        13,994 
       Inflation compensation (3)                             1,666     -       4     +     405         1,665 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    38,679     +   5,500     +     572        43,750 
 Loans to depository institutions                                65     -       5     +      20            62 
    Primary credit                                               32     -       1     +      32            41 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              33     -       4     -       7            22 
    Adjustment credit                                             0             0     -       5             0 
 Float                                                       1,183    +     761    +   1,090         -315 
 Other Federal Reserve assets                                40,242     +     432     +   1,169        40,014 
Gold stock                                                   11,043             0             0        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,475     +      14     +     878        35,475 
                                                              
Total factors supplying reserve funds                       795,289     +   7,070     +  40,715       798,894 
                                                                          
Currency in circulation(5)                                  723,714     +   5,068     +  37,029       724,196 
Reverse repurchase agreements (6)                            21,635     +   2,205     +     770        25,652 
   Foreign official and international accounts               21,635     +   2,205     +     770        25,652 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          319             0     -      49           319 
Deposits with F.R.Banks, other than reserve balances         18,380     +   1,183     +   2,102        18,715 
  U.S. Treasury, general account                              5,850     +   1,149     +     834         5,723 
  Foreign official                                               99     +       3     -      38           162 
  Service-related                                            12,112     -      42     +   1,464        12,112 
     Required clearing balances                              11,834     -      12     +   1,300        11,834 
     Adjustments to compensate for float                        278     -      30     +     164           278 
  Other                                                         319     +      72     -     157           717 
Other liabilities and capital                                20,589     -     170     +     671        19,793 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  784,636     +   8,284     +  40,523       788,674 
                                                              
Reserve balances with Federal Reserve Banks                  10,653     -   1,214     +     192        10,220 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,066,742     +   6,221     + 216,055     1,072,420 
     U.S. Treasury                                          855,872     +   8,152     + 169,127       862,355 
     Federal agency                                         210,869     -   1,932     +  46,926       210,065 
  Securities lent to dealers                                  3,086     +   1,023     +   2,027         4,426 
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
Dec 31, 2003
Wednesday
Dec 24, 2003
Wednesday
Jan 1, 2003
Assets                                               
Gold certificate account                                         11,039                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                722         -      25         -     266 
Securities, repurchase agreements, and loans                    710,477         +   7,586         +  41,521 
   Securities held outright                                     666,665         +     449         +  37,249 
      U.S. Treasury (1)                                         666,665         +     449         +  37,259 
         Bills (2)                                              244,833         +     452         +  18,151 
         Notes and bonds, nominal (2)                           406,173                 0         +  16,954 
         Notes and bonds, inflation-indexed (2)                    13,994                 0         +   1,752 
         Inflation compensation (3)                               1,665         -       3         +     402 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     43,750         +   7,250         +   4,250 
   Loans                                                             62         -     113         +      22 
Items in process of collection                    (1,444)         7,793         -   3,103         -   2,498 
Bank premises                                                     1,628         +       5         +      85 
Other assets (5)                                                 38,586         +      89         +   1,555 
      Total assets                                (1,444)       772,444         +   4,552         +  40,396 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  689,757         +   1,007         +  35,485 
Reverse repurchase agreements (6)                                25,652         +   5,888         +   4,561 
Deposits                                              (0)        29,660         -     633         +   1,411 
  Depository institutions                                        23,058         -   2,184         +     517 
  U.S. Treasury, general account                                  5,723         +   1,053         +   1,303 
  Foreign official                                                  162         +      34         +      26 
  Other                                               (0)           717         +     464         -     435 
Deferred availability cash items                  (1,444)         7,582         -     980         -   1,877 
Other liabilities and accrued dividends (7)                       2,100         -     267         -     117 
      Total liabilities                           (1,444)       754,750         +   5,013         +  39,462 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,847         +       4         +     467 
Surplus                                                           8,847         +     467         +     467 
Other capital accounts                                                0         -     931                 0 
      Total capital                                              17,694         -     460         +     934 
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, December 31, 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              60        47,733    -   6,715             0            0        43,750        25,652
16 days to 90 days           3       139,347    -     775             0            0             0             0
91 days to 1 year            0       164,071    -      45             0            0      ------       ------   
Over 1 to 5 years     ------         187,056    +   7,986             0            0      ------       ------   
Over 5 to 10 years    ------          51,312    -       1             0            0      ------       ------   
Over 10 years         ------          77,146    -       1             0            0      ------       ------   
           
All                         62       666,665    +     449             0            0        43,750       25,652 
 
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 December 31, 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                                             722          23          30          37          33          83          82          90          53          23          42         141          84 
Securities, repurchase agreements,                                 
      and loans                              710,477      32,230     328,986      20,843      31,238      51,269      45,043      67,384      20,974      14,883      17,919      26,126      53,583 
   Securities held outright                  666,665      32,230     285,221      20,843      31,238      51,269      45,037      67,367      20,974      14,881      17,916      26,126      53,563 
      U.S. Treasury (1)                      666,665      32,230     285,221      20,843      31,238      51,269      45,037      67,367      20,974      14,881      17,916      26,126      53,563 
         Bills (2)                           244,833      11,837     104,747       7,654      11,472      18,828      16,540      24,740       7,703       5,465       6,580       9,595      19,671 
         Notes and bonds(3)                  421,832      20,394     180,473      13,188      19,766      32,440      28,497      42,626      13,271       9,416      11,337      16,531      33,892 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                43,750           0      43,750           0           0           0           0           0           0           0           0           0           0 
      Loans                                       62           0          15           0           0           0           5          17           0           2           2           0          20 
Items in process of collection                 9,237         531         803         493         595         714         723         942         341         426         596         383       2,689 
Bank premises                                  1,628          93         189          53         151         145         278         124          49         125          56         187         178 
Other assets(5)                               38,586       1,795      13,556       1,140       2,457       6,299       2,234       3,605         983       1,173         919       1,080       3,345 
Interdistrict settlement account                   0     + 3,231     -17,732     +   570     - 2,079     + 2,981     + 3,291     - 6,499     - 1,326     -   136     -    26     + 6,962     +10,764 
          Total Assets                       773,888      38,514     331,411      23,599      32,976      62,446      52,680      66,840      21,475      16,749      19,874      35,484      71,840 
 
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 December 31, 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             799,932      38,778     326,690      29,301      33,139      60,135      65,728      67,167      23,248      15,521      21,549      39,749      78,926 
  Less: notes held by F.R. Banks              110,176       4,750      23,793       8,288       4,740       9,855      18,415       8,141       3,961       1,335       4,083       7,129      15,685 
    Federal Reserve notes, net                689,757      34,028     302,897      21,012      28,399      50,280      47,314      59,026      19,287      14,186      17,466      32,620      63,241 
Reverse repurchase agreements (1)              25,652       1,240      10,975         802       1,202       1,973       1,733       2,592         807         573         689       1,005       2,061 
Deposits                                       29,660       1,653      11,792         729       1,287       5,203       1,630       2,381         518         575         859       1,041       1,990 
  Depository institutions                      23,058       1,633       5,607         719       1,259       5,087       1,608       2,349         509         564         813         953       1,957 
  U.S. Treasury, general account                5,723           0       5,723           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                162           2         139           1           3           7           2           3           1           1           1           1           3 
  Other                                           717          19         324          10          25         108          20          29           9          11          46          88          29 
Deferred availability cash items                9,026         576       1,025         451         521         628         855         781         308         650         450         487       2,296 
Other liabilities and accrued                                                 
  dividends (2)                                 2,100         119         661          87         112         214         171         212          99          74          85         109         156 
                                                                    
    Total liabilities                         756,194      37,617     327,350      23,082      31,522      58,298      51,702      64,992      21,019      16,058      19,550      35,262      69,743 
                                                                    
Capital                                                             
Capital paid in                                 8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                       0           0           0           0           0           0           0           0           0           0           0           0           0 
     Total liabilities and capital            773,888      38,514     331,411      23,599      32,976      62,446      52,680      66,840      21,475      16,749      19,874      35,484      71,840 
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
Dec 31, 2003
Federal Reserve notes outstanding          799,932  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   110,176  
      Federal Reserve Notes to be         
         collateralized                    689,757  
Collateral held against Federal Reserve             
   notes                                   689,757  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           676,518  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      710,415  
   Less:face value of securities under    
         reverse repurchase agreements      25,658  
      U.S. Treasury and agency securities  
             eligible to be pledged        684,757  
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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