Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 03, 2008
Release dates
Current release   Other formats: Screen reader | ASCII | PDF (21 KB)

For Release at
4:30 P.M. Eastern time
April 3, 2008

The Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of
Depository Institutions and Condition Statement of Federal Reserve Banks," has
been modified to include a separate line for securities lending conducted under
the Term Securities Lending Facility (TSLF), which was announced on March 11,
2008.  The first TSLF auction was held on March 27, 2008, with settlement the
following day.  

Under the Term Securities Lending Facility, the Federal Reserve lends U.S.
Treasury securities to primary dealers through an auction process.  Each loan
has a term of 28 days and is secured by other U.S. Treasury securities, federal
agency securities, or highly rated non-agency mortgage-backed securities.

Unlike sales of securities, securities loans under the TSLF do not affect
reserve balances because primary dealers provide other securities as collateral
rather than paying for the securities with cash.  

For additional details on the TSLF program, please refer to the Board's
announcement at
http://www.federalreserve.gov/newsevents/press/monetary/20080311a.htm or the
information on the Federal Reserve Bank of New York's website at
http://www.newyorkfed.org/markets/tslf.html.


FEDERAL RESERVE statistical release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
April 3, 2008
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
Apr 2, 2008
Week ended
Apr 2, 2008
Change from week ended
Mar 26, 2008 Apr 4, 2007
                                                              
Reserve Bank credit                                         875,577     +   6,141     +  23,331       867,695 
 Securities held outright                                   589,085     -  39,892     - 191,823       581,240 
    U.S. Treasury (1)                                       589,085     -  39,892     - 191,823       581,240 
       Bills (2)                                             92,985     -  31,390     - 184,034        92,985 
       Notes and bonds, nominal (2)                         452,909     -   8,548     -  15,644       445,050 
       Notes and bonds, inflation-indexed (2)                38,437             0     +   6,661        38,437 
       Inflation compensation (3)                             4,755     +      47     +   1,195         4,769 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements (4)                                   77,500     -   7,321     +  45,286        76,000 
 Term auction credit                                        100,000     +  20,000     + 100,000       100,000 
 Other loans                                                 45,139     +  11,658     +  45,024        44,796 
    Primary credit                                            7,013     +   6,463     +   6,926        10,341 
    Secondary credit                                              0     -       2             0             0 
    Seasonal credit                                               7     +       1     -      21            12 
    Primary dealer credit facility                          38,118    +   5,195    +  38,118       34,443 
    Other credit extensions                                       0             0             0             0 
 Float                                                       -1,071     +     278     -     302         1,473 
 Other Federal Reserve assets                                64,924     +  21,418     +  25,146        64,185 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,736     +      14     +     365        38,736 
                                                              
Total factors supplying reserve funds                       927,554     +   6,155     +  23,695       919,671 
                                                                          
Currency in circulation (5)                                 815,629     -   1,269     +   8,963       816,607 
Reverse repurchase agreements (6)                            41,696     +     990     +   5,063        41,061 
   Foreign official and international accounts               37,874     -   2,832     +   1,241        37,311 
   Dealers                                                    3,821     +   3,821     +   3,821         3,750 
Treasury cash holdings                                          335     +      38     +      28           354 
Deposits with F.R. Banks, other than reserve balances        12,571     -     283     +     452        13,471 
  U.S. Treasury, general account                              5,158     -     571     +     389         6,013 
  Foreign official                                               98     -      20             0            98 
  Service-related                                             7,048     +     294     +      59         7,048 
     Required clearing balances                               7,048     +     294     +      59         7,048 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         268     +      14     +       6           312 
Other liabilities and capital                                44,905     +     370     +   6,077        43,680 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  915,136     -     155     +  20,584       915,173 
                                                              
Reserve balances with Federal Reserve Banks                  12,418     +   6,310     +   3,111         4,498 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts (2,7)        2,206,091     +  21,836     + 313,345     2,214,586 
     U.S. Treasury                                        1,298,702     +  13,987     +  78,343     1,305,880 
     Federal agency                                         907,390     +   7,851     + 235,003       908,707 
  Securities lent to dealers                                 85,606     +  75,666     +  83,689        92,658 
     Overnight facility (8)                                  21,321     +  11,381     +  19,404        17,658 
     Term facility (9)                            64,286     +  64,286     +  64,286        75,000 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities.
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.
8. Fully collateralized by U.S. Treasury securities.
9. Fully collateralized by U.S. Treasury securities, federal agency securities, and highly rated
non-agency mortgage-backed securities.
 

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
Apr 2, 2008
Wednesday
Mar 26, 2008
Wednesday
Apr 4, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,340         +      19         +     401 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   802,036         -  34,627         -   6,922 
   Securities held outright                                     581,240         -  31,065         - 199,686 
      U.S. Treasury (1)                                         581,240         -  31,065         - 199,686 
         Bills (2)                                               92,985         -  21,106         - 184,034 
         Notes and bonds, nominal (2)                           445,050         -  10,002         -  23,503 
         Notes and bonds, inflation-indexed (2)                  38,437                 0         +   6,661 
         Inflation compensation (3)                               4,769         +      43         +   1,191 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                     76,000         -  30,750         +  48,000 
   Term auction credit                                          100,000         +  20,000         + 100,000 
   Other loans                                                   44,796         +   7,189         +  44,764 
Items in process of collection                      (590)         4,733         +   3,948         +   1,223 
Bank premises                                                     2,145         +       2         +     159 
Other assets (5)                                                 61,911         +  20,292         +  24,356 
      Total assets                                  (590)       885,401         -  10,367         +  19,216 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  779,560         -   1,072         +   7,780 
Reverse repurchase agreements (6)                                41,061         +     239         +   5,586 
Deposits                                              (0)        17,840         -   9,171         +   1,683 
  Depository institutions                                        11,417         -  10,150         +     684 
  U.S. Treasury, general account                                  6,013         +   1,069         +   1,040 
  Foreign official                                                   98         -     141         -      33 
  Other                                               (0)           312         +      51         -       7 
Deferred availability cash items                    (590)         3,260         +     602         -   1,242 
Other liabilities and accrued dividends (7)                       3,734         -      99         -   2,149 
      Total liabilities                             (590)       845,455         -   9,500         +  11,658 
                                                          
Capital Accounts                                          
Capital paid in                                                  19,548         +       2         +   3,701 
Surplus                                                          18,471         +      13         +   3,110 
Other capital accounts                                            1,927         -     881         +     747 
      Total capital                                              39,946         -     866         +   7,558 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1, footnotes 8 and 9.
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 Term Auction Credit, Other Loans, and Securities, April 2, 2008
Millions of dollars
  U.S. Treasury
securities (1)
 
Remaining maturity Term
auction
credit
Other
loans
Holdings Weekly
changes
Repurchase
agreements
(2)
Reverse
repurchase
agreements
(2)
Within 15 days           50,000        39,999        30,277     -   9,554        61,000        41,061  
16 days to 90 days       50,000         4,797        61,816     -  11,248        15,000             0  
91 days to 1 year           ---             0        99,009     -   2,213           ---           ---  
Over 1 to 5 years           ---           ---       206,888     -   8,077           ---           ---  
Over 5 to 10 years          ---           ---        88,986     +       9           ---           ---  
Over 10 years               ---           ---        94,263     +      17           ---           ---  
          
All                     100,000        44,796       581,240     -  31,065        76,000        41,061  
 
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.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on April 2, 2008
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                      11,037         449       4,053         455         428         869       1,117         903         326         203         335         613       1,286 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,340          46          67         101         124         162         150         160          55          61          85         142         188 
Securities, repurchase agreements, term                            
      auction credit, and other loans        802,036      31,290     355,655      29,117      31,930      60,805      65,952      56,835      23,076      16,197      21,359      30,077      79,743 
   Securities held outright                  581,240      26,787     210,465      25,714      23,786      50,360      53,909      48,753      18,577      11,597      18,815      25,538      66,939 
      U.S. Treasury (1)                      581,240      26,787     210,465      25,714      23,786      50,360      53,909      48,753      18,577      11,597      18,815      25,538      66,939 
         Bills (2)                            92,985       4,285      33,669       4,114       3,805       8,056       8,624       7,799       2,972       1,855       3,010       4,085      10,709 
         Notes and bonds (3)                 488,255      22,502     176,796      21,601      19,981      42,303      45,285      40,953      15,605       9,742      15,805      21,452      56,230 
      Federal agency (2)                           0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements (4)               76,000       3,503      27,519       3,362       3,110       6,585       7,049       6,375       2,429       1,516       2,460       3,339       8,753 
      Term auction credit                    100,000       1,000      73,443           0       5,034       3,860       4,995       1,480       2,069       3,082          80       1,200       3,759 
      Other loans                             44,796           1      44,228          41           0           0           0         228           1           1           4           0         293 
Items in process of collection                 5,323          66           0         360         257          75          74         120       3,268         238         353         144         368 
Bank premises                                  2,145         119         213          64         152         189         228         208         119         112         277         255         208 
Other assets (5)                              61,911       3,285      17,935       5,197       3,850      13,814       4,915       3,232         936       1,195         980       1,559       5,013 
Interdistrict settlement account                   0     + 2,062     -62,613     + 4,892     -    45     + 4,580     +17,000     +16,261     + 2,141     +   324     + 8,147     + 1,772     + 5,480 
          Total assets                       885,991      37,431     316,184      40,269      36,800      80,641      89,603      77,931      29,992      18,359      31,602      34,659      92,520 
 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9.
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 2, 2008 (continued)
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             988,396      38,642     341,099      41,563      39,310      78,752     115,797      84,762      32,019      18,652      32,468      56,248     109,084 
  Less: notes held by F.R. Banks              208,836       6,073      59,786       8,213       8,174      14,276      35,095      14,329       4,414       2,870       3,514      25,092      27,001 
    Federal Reserve notes, net                779,560      32,568     281,313      33,350      31,136      64,477      80,702      70,434      27,604      15,781      28,955      31,156      82,083 
Reverse repurchase agreements (1)              41,061       1,892      14,868       1,817       1,680       3,558       3,808       3,444       1,312         819       1,329       1,804       4,729 
Deposits                                       17,840         398       8,710         769         542       1,489       1,129         818         433         489         494         614       1,956 
  Depository institutions                      11,417         372       2,467         764         539       1,367       1,126         816         419         488         493         613       1,953 
  U.S. Treasury, general account                6,013           0       6,013           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 98           2          68           4           3          11           3           2           0           1           0           1           3 
  Other                                           312          23         162           0           0         111           0           0          13           0           1           0           0 
Deferred availability cash items                3,849         200           0         511         600         314         291         330          95         431         264         245         568 
Other liabilities and accrued                                                 
  dividends (2)                                 3,734         174       1,126         185         194         466         377         310         153         109         131         177         332 
                                                                    
    Total liabilities                         846,045      35,232     306,017      36,631      34,153      70,303      86,308      75,335      29,598      17,629      31,173      33,997      89,667 
                                                                    
Capital                                                             
Capital paid in                                19,548       1,087       4,903       1,811       1,322       5,182       1,610       1,259         181         358         198         256       1,380 
Surplus                                        18,471       1,049       4,637       1,814       1,291       4,997       1,425         815         180         355         194         364       1,350 
Other capital                                   1,927          63         628          14          33         158         259         521          33          17          37          42         122 
     Total liabilities and capital            885,991      37,431     316,184      40,269      36,800      80,641      89,603      77,931      29,992      18,359      31,602      34,659      92,520 
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 2, 2008
Federal Reserve notes outstanding          988,396  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   208,836  
      Federal Reserve notes to be         
         collateralized                    779,560  
Collateral held against Federal Reserve             
   notes                                   779,560  
   Gold certificate account                 11,037  
   Special drawing rights certificate     
     account                                 2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           616,138  
   Other assets pledged                    150,185  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      657,240  
   Less: face value of securities under   
         reverse repurchase agreements      41,102  
      U.S. Treasury and agency securities  
             eligible to be pledged        616,138  
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.

Release dates
Current release   Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases