Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  February 26, 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
February 26, 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
Feb 25, 2004
Week ended
Feb 25, 2004
Change from week ended
Feb 18, 2004 Feb 26, 2003
                                                              
Reserve Bank Credit                                         732,057     -   7,633     +  35,134       730,268 
 Securities held outright                                   670,909     +     792     +  35,977       671,527 
    U.S. Treasury (1)                                       670,909     +     792     +  35,987       671,527 
       Bills (2)                                            246,087     +     181     +  16,057       246,141 
       Notes and bonds, nominal (2)                         409,218     +     615     +  17,806       409,784 
       Notes and bonds, inflation-indexed (2)                13,994             0     +   1,752        13,994 
       Inflation compensation (3)                             1,609     -       4     +     371         1,608 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    23,000     -   5,429     -     321        20,000 
 Loans to depository institutions                                52     +      29     +      39           270 
    Primary credit                                               37     +      26     +      27           251 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              16     +       5     +      12            19 
 Float                                                         -538     -     267     -   1,860          -174 
 Other Federal Reserve assets                               38,634    -   2,760    +   1,299       38,644 
Gold stock                                                   11,043             0             0        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,587     +      14     +     903        35,587 
                                                              
Total factors supplying reserve funds                       780,887     -   7,619     +  36,038       779,097 
                                                                          
Currency in circulation(5)                                  714,167     -   1,915     +  31,905       714,546 
Reverse repurchase agreements (6)                            20,426     -   2,411     +   2,688        18,872 
   Foreign official and international accounts               20,426     -   2,411     +   2,688        18,872 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          322     -      12     -      25           318 
Deposits with F.R.Banks, other than reserve balances         16,264     -     442     -     246        16,336 
  U.S. Treasury, general account                              5,147     +     163     -     102         5,209 
  Foreign official                                               85     +       5     -      26            80 
  Service-related                                            10,717     -     607     -     187        10,717 
     Required clearing balances                              10,080     -     857     -     257        10,080 
     Adjustments to compensate for float                        637     +     251     +      70           637 
  Other                                                         315     -       4     +      70           330 
Other liabilities and capital                                20,225     -     513     +     261        19,928 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  771,404     -   5,292     +  34,584       770,000 
                                                              
Reserve balances with Federal Reserve Banks                   9,482     -   2,328     +   1,453         9,097 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,142,863     +   8,340     + 261,479     1,144,740 
     U.S. Treasury                                          909,440     +   8,670     + 204,725       908,548 
     Federal agency                                         233,423     -     330     +  56,753       236,192 
  Securities lent to dealers                                    679     -   1,074     +     353         1,081 
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
Feb 25, 2004
Wednesday
Feb 18, 2004
Wednesday
Feb 26, 2003
Assets                                               
Gold certificate account                                         11,038                 0         -       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                878         -       3         -     222 
Securities, repurchase agreements, and loans                    691,798         -   2,508         +  30,037 
   Securities held outright                                     671,527         +     741         +  35,521 
      U.S. Treasury (1)                                         671,527         +     741         +  35,531 
         Bills (2)                                              246,141         +      86         +  15,535 
         Notes and bonds, nominal (2)                           409,784         +     660         +  17,871 
         Notes and bonds, inflation-indexed (2)                    13,994                 0         +   1,752 
         Inflation compensation (3)                               1,608         -       4         +     373 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     20,000         -   3,500         -   5,750 
   Loans                                                            270         +     250         +     264 
Items in process of collection                    (1,337)         6,996         -   5,500         -   2,201 
Bank premises                                                     1,650         +       4         +      93 
Other assets (5)                                                 36,995         -      89         +     865 
      Total assets                                (1,337)       751,555         -   8,096         +  28,571 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  680,151         -   2,092         +  30,481 
Reverse repurchase agreements (6)                                18,872         -   1,079         +   1,451 
Deposits                                              (0)        25,434         -     897         -   3,464 
  Depository institutions                                        19,815         -   1,123         -   3,741 
  U.S. Treasury, general account                                  5,209         +     205         +     259 
  Foreign official                                                   80         -       2         -      74 
  Other                                               (0)           330         +      22         +      92 
Deferred availability cash items                  (1,337)         7,170         -   3,636         -     126 
Other liabilities and accrued dividends (7)                       2,239         -       5         -      37 
      Total liabilities                           (1,337)       733,866         -   7,709         +  28,305 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,905         +       7         +     465 
Surplus                                                           8,700         -     147         +     320 
Other capital accounts                                               84         -     248         -     519 
      Total capital                                              17,689         -     387         +     266 
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, February 25, 2004
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             267        51,729    -   1,374             0            0        20,000        18,872
16 days to 90 days           3       151,629    +   1,254             0            0             0             0
91 days to 1 year            0       158,892    +     206             0            0      ------       ------   
Over 1 to 5 years     ------         182,678    -       2             0            0      ------       ------   
Over 5 to 10 years    ------          49,240    +     424             0            0      ------       ------   
Over 10 years         ------          77,359    +     233             0            0      ------       ------   
           
All                        270       671,527    +     741             0            0        20,000       18,872 
 
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 February 25, 2004
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                      11,038         495       4,705         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                                             878          35          39          47          45          92          98         111          59          28          53         153         118 
Securities, repurchase agreements,                                 
      and loans                              691,798      32,468     307,301      20,995      31,466      51,643      45,366      67,866      21,130      14,995      18,047      26,317      54,204 
   Securities held outright                  671,527      32,465     287,301      20,995      31,466      51,643      45,366      67,858      21,127      14,989      18,047      26,317      53,953 
      U.S. Treasury (1)                      671,527      32,465     287,301      20,995      31,466      51,643      45,366      67,858      21,127      14,989      18,047      26,317      53,953 
         Bills (2)                           246,141      11,900     105,307       7,695      11,534      18,929      16,628      24,873       7,744       5,494       6,615       9,646      19,776 
         Notes and bonds(3)                  425,386      20,566     181,994      13,299      19,933      32,714      28,737      42,985      13,383       9,495      11,432      16,671      34,177 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                20,000           0      20,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                      270           3           0           0           0           0           0           8           3           6           0           0         250 
Items in process of collection                 8,333         466         617         530         445         525         697         622         497         347         494         409       2,683 
Bank premises                                  1,650          94         190          52         151         145         278         126          48         125          74         189         180 
Other assets(5)                               36,995       1,701      13,150       1,091       2,348       5,899       2,101       3,486         993       1,110         767         833       3,518 
Interdistrict settlement account                   0     + 2,291     -10,997     +   662     - 2,153     -   444     + 1,348     - 7,550     - 1,268     -   442     +   129     + 7,217     +11,208 
          Total Assets                       752,892      37,665     315,879      23,840      32,883      58,814      50,916      65,855      21,862      16,416      19,932      35,722      73,109 
 
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 February 25, 2004
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             801,978      39,158     323,815      29,725      32,954      60,325      64,633      67,109      23,630      15,880      22,194      40,219      82,337 
  Less: notes held by F.R. Banks              121,827       5,416      31,155       8,420       4,922       9,952      18,649       8,574       3,816       1,548       4,433       6,866      18,077 
    Federal Reserve notes, net                680,151      33,742     292,661      21,305      28,032      50,373      45,984      58,535      19,814      14,331      17,761      33,353      64,260 
Reverse repurchase agreements (1)              18,872         912       8,074         590         884       1,451       1,275       1,907         594         421         507         740       1,516 
Deposits                                       25,434       1,371       9,282         865       1,924       2,143       1,646       2,653         612         559         838         864       2,680 
  Depository institutions                      19,815       1,362       3,855         864       1,920       1,983       1,644       2,649         606         558         836         863       2,676 
  U.S. Treasury, general account                5,209           0       5,209           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 80           2          56           1           2           7           2           3           1           1           1           0           4 
  Other                                           330           7         161           0           1         152           0           1           5           0           1           0           0 
Deferred availability cash items                8,507         626       1,000         447         492         554         854         708         285         421         427         423       2,269 
Other liabilities and accrued                                                 
  dividends (2)                                 2,239         128         726          91         118         219         179         223         104          81          87         109         172 
                                                                    
    Total liabilities                         735,203      36,779     311,742      23,298      31,451      54,740      49,938      64,026      21,409      15,814      19,620      35,489      70,897 
                                                                    
Capital                                                             
Capital paid in                                 8,905         448       2,041         273         723       2,083         491         908         227         264         149         114       1,182 
Surplus                                         8,700         438       2,031         259         710       1,991         487         921         225         338         162         111       1,029 
Other capital                                      84           0          65           9           0           0           0           0           0           0           0           9           0 
     Total liabilities and capital            752,892      37,665     315,879      23,840      32,883      58,814      50,916      65,855      21,862      16,416      19,932      35,722      73,109 
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
Feb 25, 2004
Federal Reserve notes outstanding          801,978  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   121,827  
      Federal Reserve Notes to be         
         collateralized                    680,151  
Collateral held against Federal Reserve             
   notes                                   680,151  
   Gold certificate account                 11,038  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           666,912  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      691,527  
   Less:face value of securities under    
         reverse repurchase agreements      18,877  
      U.S. Treasury and agency securities  
             eligible to be pledged        672,651  
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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