Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: April 29, 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
                                                                                             April 29, 2004
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at           Apr 28, 2004 Apr 21, 2004 Apr 30, 2003 Apr 28, 2004
Federal Reserve Banks

Reserve Bank Credit                                         744,758    +   5,728    +  28,884      753,639
 Securities held outright                                   675,539    +     753    +  28,482      676,383       
    U.S. Treasury (1)                                       675,539    +     753    +  28,492      676,383
       Bills (2)                                            247,921    +     733    +  11,886      248,757
       Notes and bonds, nominal (2)                         411,388            0    +  14,612      411,388
       Notes and bonds, inflation-indexed (2)                14,464            0    +   1,650       14,464
       Inflation compensation (3)                             1,766    +      20    +     344        1,774
    Federal agency (2)                                            0            0    -      10            0      
 Repurchase agreements(4)                                    29,429    +   4,900    +     678       37,500
 Loans to depository institutions                                87    -       8    +      57           81
    Primary credit                                               16    -      18    +      16            5
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              71    +      10    +      42           77
 Float                                                         -753    -      65    -     978         -880
 Other Federal Reserve assets                                40,455    +     147    +     644       40,555
Gold stock                                                   11,045            0    +       2       11,045
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            35,713    +      14    +     823       35,713
       
Total factors supplying reserve funds                       793,716    +   5,742    +  29,709      802,598
                                                                   
Currency in circulation(5)                                  716,218    -     596    +  28,974      718,575
Reverse repurchase agreements (6)                            20,404    +     984    -     545       19,689
   Foreign official and international accounts               20,404    +     984    -     545       19,689
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          327    -      11    -      23          321
Deposits with F.R.Banks, other than reserve balances         17,829    +     819    -   2,300       16,903       
  U.S. Treasury, general account                              7,444    +     814    -   1,319        6,540
  Foreign official                                              103    +       7    -      29          100
  Service-related                                             9,970            0    -   1,038        9,970
     Required clearing balances                               9,970            0    -     859        9,970
     Adjustments to compensate for float                          0            0    -     179            0
  Other                                                         312    -       1    +      87          293
Other liabilities and capital                                20,720    +     158    +     555       20,659

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  775,498    +   1,354    +  26,661      776,147

Reserve balances with Federal Reserve Banks                  18,218    +   4,388    +   3,048       26,451
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,184,273    -   1,862    + 297,251    1,181,534
     U.S. Treasury                                          956,996    +     953    + 247,146      956,819
     Federal agency                                         227,277    -   2,816    +  50,106      224,715
  Securities lent to dealers                                  2,783    +     112    +   2,273        3,776   


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
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Apr 28, 2004     Apr 21, 2004     Apr 30, 2003

Assets
Gold certificate account                                        11,041                0        +       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               816        -      15        -     205
Securities, repurchase agreements, and loans                   713,965        +  16,195        +  29,148
   Securities held outright                                    676,383        +   1,446        +  29,102
      U.S. Treasury (1)                                        676,383        +   1,446        +  29,112       
         Bills (2)                                             248,757        +   1,425        +  12,508
         Notes and bonds, nominal (2)                          411,388                0        +  14,612
         Notes and bonds, inflation-indexed (2)                 14,464                0        +   1,650
         Inflation compensation (3)                              1,774        +      21        +     343
      Federal agency (2)                                             0                0        -      10
   Repurchase agreements (4)                                    37,500        +  14,750        -       1    
   Loans                                                            81        -       2        +      46
Items in process of collection                    (1,131)        5,307        -   1,537        -   2,866
Bank premises                                                    1,664        +       1        +      87
Other assets (5)                                                38,800        +     300        +     388
      Total assets                                (1,131)      773,792        +  14,943        +  26,553
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  683,994        +   1,468        +  28,768
Reverse repurchase agreements (6)                               19,689        +     429        -   1,125
Deposits                                              (0)       43,274        +  13,538        +     267       
  Depository institutions                                       36,341        +  12,953        +   4,461
  U.S. Treasury, general account                                 6,540        +     654        -   4,043
  Foreign official                                                 100        -      65        -     213
  Other                                               (0)          293        -       4        +      62
Deferred availability cash items                  (1,131)        6,175        -     690        -   1,967
Other liabilities and accrued dividends (7)                      2,294        +      52        +      24
      Total liabilities                           (1,131)      755,426        +  14,797        +  25,966
                          
Capital Accounts
Capital paid in                                                  9,030        +       7        +     485
Surplus                                                          8,794        +      26        +     414
Other capital accounts                                             541        +     112        -     313
      Total capital                                             18,365        +     145        +     586


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,     April 28, 2004
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
Within 15 days              78       56,704   +   1,025            0           0       37,500       19,689
16 days to 90 days           3      148,668   +   1,234            0           0            0            0
91 days to 1 year            0      159,705   -     833            0           0     ------      ------
Over 1 to 5 years     ------        183,823   +       8            0           0     ------      ------
Over 5 to 10 years    ------         50,022   +       5            0           0     ------      ------
Over 10 years         ------         77,462   +       7            0           0     ------      ------
                   		 	
All                         81      676,383   +   1,446            0           0       37,500      19,689

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     April 28, 2004
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,041        494      4,651        382        452        819        894        924        325        218        302        525      1,055
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             816         41         34         52         39         79         72        110         57         30         51        145        106
Securities, repurchase agreements,
      and loans                              713,965     31,771    330,789     20,117     28,902     51,408     45,614     60,956     19,885     14,773     17,782     30,841     61,128
   Securities held outright                  676,383     31,761    293,289     20,117     28,902     51,408     45,614     60,928     19,871     14,753     17,774     30,840     61,127
      U.S. Treasury (1)                      676,383     31,761    293,289     20,117     28,902     51,408     45,614     60,928     19,871     14,753     17,774     30,840     61,127
         Bills (2)                           248,757     11,681    107,865      7,399     10,629     18,907     16,776     22,408      7,308      5,426      6,537     11,342     22,481
         Notes and bonds(3)                  427,626     20,080    185,424     12,719     18,273     32,501     28,838     38,520     12,563      9,327     11,237     19,498     38,646
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                37,500          0     37,500          0          0          0          0          0          0          0          0          0          0
      Loans                                       81         10          0          0          0          0          0         29         14         20          7          1          1
Items in process of collection                 6,437        344        504        388        358        453        572        404        321        351        419        324      1,998
Bank premises                                  1,664         96        191         52        153        145        279        129         49        124         74        193        180
Other assets(5)                               38,800      1,761     14,118      1,133      2,342      5,942      2,228      3,492      1,020      1,131        810      1,025      3,797
Interdistrict settlement account                   0    + 2,970    -25,672    + 1,831    +   516    + 1,011    + 2,051    + 1,720    +   447    -   336    +   894    + 3,907    +10,661
          Total Assets                       774,923     37,592    325,489     24,039     32,866     60,004     51,876     67,947     22,175     16,321     20,398     37,058     79,159

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     April 28, 2004
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             806,932     38,465    322,084     29,669     32,167     59,621     64,551     68,064     23,445     15,660     22,339     41,637     89,229
  Less: notes held by F.R. Banks              122,938      4,753     31,143      8,491      5,501     11,007     18,922      7,964      3,383      1,411      4,188      7,042     19,134
    Federal Reserve notes, net                683,994     33,712    290,941     21,178     26,666     48,614     45,629     60,101     20,062     14,249     18,151     34,595     70,095
Reverse repurchase agreements (1)              19,689        925      8,537        586        841      1,496      1,328      1,774        578        429        517        898      1,779
Deposits                                       43,274      1,302     20,295      1,109      3,312      5,019      2,893      3,453        723        488        917        817      2,944
  Depository institutions                      36,341      1,288     13,511      1,108      3,308      4,906      2,891      3,450        721        487        916        816      2,940
  U.S. Treasury, general account                6,540          0      6,540          0          0          0          0          0          0          0          0          0          0
  Foreign official                                100          2         77          1          2          7          2          3          1          1          1          0          4
  Other                                           293         13        168          0          2        106          0          0          1          0          1          1          0
Deferred availability cash items                7,306        546        635        512        457        532        840        537        240        462        405        376      1,764
Other liabilities and accrued                 
  dividends (2)                                 2,294        131        702         92        119        264        188        215        104         81         87        119        193
   
    Total liabilities                         756,557     36,616    321,111     23,476     31,396     55,925     50,877     66,080     21,708     15,710     20,078     36,804     76,775
                              
Capital                    
Capital paid in                                 9,030        499      2,106        277        739      2,058        486        912        232        265        151        120      1,185
Surplus                                         8,794        448      2,031        259        727      2,021        489        924        228        346        162        111      1,048
Other capital                                     541         28        241         26          4          0         24         31          7          1          7         23        151
     Total liabilities and capital            774,923     37,592    325,489     24,039     32,866     60,004     51,876     67,947     22,175     16,321     20,398     37,058     79,159
                              

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
                                          Apr 28, 2004
              
Federal Reserve notes outstanding             806,932
   Less: Notes held by F.R. Banks
         not subject to collateralization     122,938
      Federal Reserve Notes to be
         collateralized                       683,994 
Collateral held against Federal Reserve            
   notes                                      683,994
   Gold certificate account                    11,041
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              670,753
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         713,883
   Less:face value of securities under
         reverse repurchase agreements         19,693
      U.S. Treasury and agency securities
             eligible to be pledged           694,190
   

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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Statistical releases