Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: April 17, 2008
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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 17, 2008
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 16, 2008  Apr 9, 2008 Apr 18, 2007 Apr 16, 2008
Federal Reserve Banks

Reserve Bank credit                                         867,193    +     357    +  16,114      865,792
 Securities held outright                                   548,622    -  12,195    - 234,222      548,632       
    U.S. Treasury (1)                                       548,622    -  12,195    - 234,222      548,632
       Bills (2)                                             70,317    -  11,511    - 206,702       70,317
       Notes and bonds, nominal (2)                         435,051    -     714    -  35,348      435,051
       Notes and bonds, inflation-indexed (2)                38,437            0    +   6,661       38,437
       Inflation compensation (3)                             4,817    +      30    +   1,167        4,827
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements (4)                                  106,964    +   7,785    +  78,393      104,250
 Term auction credit                                        100,000            0    + 100,000      100,000  
 Other loans                                                 32,663    -  10,098    +  32,613       34,508
    Primary credit                                            7,841    -   2,341    +   7,839        8,831
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              18    +       1    -      30           22
    Primary dealer credit facility                           24,804    -   7,758    +  24,804       25,655
    Other credit extensions                                       0            0            0            0
 Float                                                       -1,438    -     752    -     524       -2,395
 Other Federal Reserve assets                                80,383    +  15,618    +  39,855       80,797
Gold stock                                                   11,041            0            0       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            38,764    +      14    +     371       38,764
       
Total factors supplying reserve funds                       919,198    +     371    +  16,485      917,797
                                                                   
Currency in circulation (5)                                 813,964    -   1,196    +   5,820      814,542
Reverse repurchase agreements (6)                            40,047    +   1,130    +   6,884       40,659
   Foreign official and international accounts               40,047    +   1,130    +   6,884       40,659
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          357    +       3    +      41          356
Deposits with F.R. Banks, other than reserve balances        12,312    -     309    -      83       12,180       
  U.S. Treasury, general account                              4,745    -     382    -     709        4,614
  Foreign official                                               97    -       1    +       4           97
  Service-related                                             7,154    +     109    +     600        7,154
     Required clearing balances                               7,154    +     109    +     600        7,154
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         316    -      34    +      21          315
Other liabilities and capital                                44,957    -      18    +   5,982       44,389

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  911,637    -     389    +  18,643      912,126

Reserve balances with Federal Reserve Banks                   7,561    +     761    -   2,158        5,670
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts (2,7)        2,240,303    +  21,746    + 324,295    2,251,725
     U.S. Treasury                                        1,327,635    +  15,197    +  91,711    1,329,060
     Federal agency                                         912,668    +   6,550    + 232,584      922,665
  Securities lent to dealers                                138,417    +  28,712    + 136,934      143,814   
     Overnight facility (8)                                   9,317    -   3,959    +   7,834        9,864
     Term facility (9)                                      129,100    +  32,671    + 129,100      133,950


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
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Apr 16, 2008      Apr 9, 2008     Apr 18, 2007

Assets
Gold certificate account                                        11,037                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,381        +      25        +     405
Securities, repurchase agreements, term auction
      credit, and other loans                                  787,390        -  26,563        -  19,522
   Securities held outright                                    548,632        -  11,482        - 234,228
      U.S. Treasury (1)                                        548,632        -  11,482        - 234,228       
         Bills (2)                                              70,317        -  11,511        - 206,702
         Notes and bonds, nominal (2)                          435,051                0        -  35,348
         Notes and bonds, inflation-indexed (2)                 38,437                0        +   6,661
         Inflation compensation (3)                              4,827        +      29        +   1,161
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                   104,250        -  15,750        +  80,250    
   Term auction credit                                         100,000                0        + 100,000
   Other loans                                                  34,508        +     670        +  34,456
Items in process of collection                      (522)        1,480        +     119        -   1,793
Bank premises                                                    2,143        +       1        +     152
Other assets (5)                                                78,573        +  15,709        +  39,834
      Total assets                                  (522)      884,203        -  10,709        +  19,074
                          
Liabilities
Federal Reserve notes, net of FR Bank holdings                 777,511        -   1,391        +   5,617
Reverse repurchase agreements (6)                               40,659        +   1,880        +   6,688
Deposits                                              (0)       17,769        -  11,840        +   1,568       
  Depository institutions                                       12,743        -  13,013        +   2,143
  U.S. Treasury, general account                                 4,614        +   1,177        -     621
  Foreign official                                                  97        -       3        +       2
  Other                                               (0)          315        -       2        +      44
Deferred availability cash items                    (522)        3,875        +     857        -     592
Other liabilities and accrued dividends (7)                      4,356        +     364        -   1,463
      Total liabilities                             (522)      844,170        -  10,130        +  11,818
                          
Capital Accounts
Capital paid in                                                 19,585        +      34        +   3,729
Surplus                                                         18,471                0        +   3,109
Other capital accounts                                           1,977        -     613        +     418
      Total capital                                             40,033        -     579        +   7,257


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 16, 2008
Millions of dollars
                                                 U.S. Treasury                       Reverse
Remaining maturity       Term                    securities (1)       Repurchase   repurchase
                       auction       Other                Weekly      agreements   agreements   
                        credit       loans    Holdings    changes         (2)          (2)          
Within 15 days          50,000       28,151      24,625   -   1,717       64,250       40,659
16 days to 90 days      50,000        6,357      47,894   -   6,700       40,000            0
91 days to 1 year          ---            0      99,957   +     946          ---          ---
Over 1 to 5 years          ---          ---     195,968   -     930          ---          ---
Over 5 to 10 years         ---          ---      85,901   -   3,092          ---          ---
Over 10 years              ---          ---      94,287   +      12          ---          ---
                            
All                    100,000       34,508     548,632   -  11,482      104,250       40,659

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 16, 2008
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                      11,037        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                                           1,381         46         67        104        134        162        150        165         53         64         91        155        191
Securities, repurchase agreements, term
      auction credit, and other loans        787,390     31,091    346,461     28,919     30,643     65,447     65,524     55,866     21,918     13,110     21,222     28,685     78,503
   Securities held outright                  548,632     25,284    198,658     24,272     22,452     47,535     50,884     46,018     17,535     10,946     17,760     24,105     63,184
      U.S. Treasury (1)                      548,632     25,284    198,658     24,272     22,452     47,535     50,884     46,018     17,535     10,946     17,760     24,105     63,184
         Bills (2)                            70,317      3,241     25,462      3,111      2,878      6,092      6,522      5,898      2,247      1,403      2,276      3,090      8,098
         Notes and bonds (3)                 478,315     22,044    173,196     21,161     19,574     41,442     44,363     40,120     15,287      9,543     15,483     21,016     55,086
      Federal agency (2)                           0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements (4)              104,250      4,804     37,749      4,612      4,266      9,032      9,669      8,744      3,332      2,080      3,375      4,580     12,006
      Term auction credit                    100,000      1,000     78,321          0      3,925      7,155      4,969        725      1,049        80         80          0      2,697     
      Other loans                             34,508          3     31,733         35          0      1,725          3        379          3          3          8          0        616
Items in process of collection                 2,001         55          0        214        392         69         -7        146         58        163        300        146        466
Bank premises                                  2,143        119        213         65        152        190        228        205        119        112        277        255        208
Other assets (5)                              78,573      4,235     22,163      6,816      5,007     18,262      6,184      3,979      1,109      1,509      1,163      1,898      6,247
Interdistrict settlement account                   0    + 1,240    -56,882    + 3,500    +   331    - 4,009    +15,097    +16,631    + 6,047    + 2,835    + 8,076    + 2,729    + 4,404
          Total Assets                       884,725     37,349    316,949     40,156     37,190     81,138     88,460     78,107     29,702     18,026     31,531     34,579     91,539

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 16, 2008 (continued)
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             984,984     38,540    339,742     41,564     39,406     78,821    114,232     84,824     31,925     18,633     32,440     56,098    108,760
  Less: notes held by F.R. Banks              207,472      6,003     58,852      8,038      8,244     14,258     34,531     14,299      4,471      2,784      3,600     25,062     27,330
    Federal Reserve notes, net                777,511     32,538    280,890     33,526     31,161     64,564     79,700     70,524     27,454     15,849     28,840     31,036     81,430
Reverse repurchase agreements (1)              40,659      1,874     14,723      1,799      1,664      3,523      3,771      3,410      1,300        811      1,316      1,786      4,683
Deposits                                       17,769        375      9,419        458        416      1,816      1,061        962        351        262        369        639      1,640
  Depository institutions                      12,743        353      4,558        454        412      1,705      1,058        961        338        261        367        638      1,637
  U.S. Treasury, general account                4,614          0      4,614          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 97          2         67          4          3         11          3          2          0          1          0          1          3
  Other                                           315         20        179          1          1        100          0          0         13          0          1          0          0
Deferred availability cash items                4,396        183          0        492      1,060        311        289        341         67        310        463        297        585
Other liabilities and accrued                 
  dividends (2)                                 4,356        171      1,816        183        191        461        350        300        148        107        130        176        323
   
    Total liabilities                         844,692     35,140    306,848     36,457     34,492     70,674     85,171     75,538     29,320     17,339     31,118     33,934     88,660
                              
Capital                    
Capital paid in                                19,585      1,087      4,903      1,838      1,337      5,174      1,611      1,259        182        315        199        256      1,424
Surplus                                        18,471      1,050      4,637      1,814      1,291      4,997      1,425        815        180        355        194        364      1,350
Other capital                                   1,977         73        562         47         70        292        252        494         20         18         20         25        105
     Total liabilities and capital            884,725     37,349    316,949     40,156     37,190     81,138     88,460     78,107     29,702     18,026     31,531     34,579     91,539
                              

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 16, 2008
              
Federal Reserve notes outstanding             984,984
   Less: Notes held by F.R. Banks
         not subject to collateralization     207,472
      Federal Reserve notes to be
         collateralized                       777,511 
Collateral held against Federal Reserve            
   notes                                      777,511
   Gold certificate account                    11,037
   Special drawing rights certificate     
     account                                    2,200
   U.S. Treasury and agency securities   
     pledged (1)                              612,170
   Other assets pledged                       152,104

Memo:
Total U.S. Treasury and agency 
       securities (1)                         652,882
   Less: face value of securities under
         reverse repurchase agreements         40,712
      U.S. Treasury and agency securities
             eligible to be pledged           612,170
   

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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