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Release Date: December 4, 1997
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FEDERAL RESERVE
These data are scheduled for release each Thursday. The exact time of each release will be announced, when
the information is available, on (202) 452-3206.
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
December 4, 1997
Millions of dollars
Averages of daily figures
Reserve balances of depository institutions at Week ended Change from week ended Wednesday
F.R. Banks, Reserve Bank credit, and related items Dec 3, 1997 Nov 26, 1997 Dec 4, 1996 Dec 3, 1997
Reserve Bank Credit (1,2) 467,322 + 6,586 + 29,788 472,150
U.S. government securities
Bought outright-system account (3) 419,942 + 31 + 27,782 419,668
Held under repurchase agreements 12,575 + 5,174 + 3,295 17,947
Federal agency obligations
Bought outright 685 0 - 1,552 685
Held under repurchase agreements 2,166 + 431 + 442 1,025
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 44 + 40 - 254 103
Seasonal credit 90 - 10 + 15 88
Extended credit 0 0 0 0
Float 631 + 656 - 108 1,333
Other F.R. assets 31,188 + 264 + 168 31,301
Gold stock 11,050 0 + 2 11,050
Special drawing rights certificate account 9,200 0 - 518 9,200
Treasury currency outstanding 25,596 + 14 + 666 25,596
Total factors supplying reserve funds 513,169 + 6,600 + 29,938 517,996
Currency in circulation* 471,868 + 3,607 + 30,287 472,809
Treasury cash holdings* 234 - 11 - 38 230
Deposits,other than reserve balances,with F.R.Banks
Treasury 4,762 - 240 + 254 4,211
Foreign 173 + 5 + 4 173
Service-related balances and adjustments (4) 7,184 + 369 + 73 7,184
Other 410 + 71 + 100 330
Other F.R. liabilities and capital 15,603 - 542 + 1,427 15,383
Total factors, other than reserve balances,
absorbing reserve funds 500,234 + 3,259 + 32,107 500,319
Reserve balances with F.R. Banks (5) 12,935 + 3,341 - 2,169 17,677
On December 3, 1997, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 624,477 million, a change of
+$ 6,669 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 15,025 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 15,025 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 15,300 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 15,300 million was with foreign official and international
accounts. Includes $ 90 million securities loaned--fully secured U.S. government securities.
3 Includes $ 1550 million of inflation-indexed securities valued at the original face amount and
$ 19 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,718 million and adjustments of $ 466 million to
compensate for float.
5 Excludes required clearing balances and adjustments to compensate for float.
* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
Worksheet for H.4.1 (a)
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
Change Since
* Wednesday Wednesday Wednesday
Dec 3, 1997 Nov 26, 1997 Dec 4, 1996
ASSETS
Gold certificate account 11,050 - 1 + 2
Special drawing rights certificate account 9,200 0 - 518
Coin 483 - 13 - 115
Loans 191 + 89 - 1,597
Acceptances 0 0 0
Federal agency obligations
Bought outright 685 0 - 1,552
Held under repurchase agreements (1) 1,025 + 163 + 407
U.S. government securities
Bought outright--Bills 194,304 - 751 + 3,763
Notes (2) 167,170 + 1 + 16,249
Bonds 58,193 0 + 8,854
Total bought outright (3) 419,668 - 750 + 28,865
Held under repurchase agreements (1) 17,947 + 5,926 + 4,546
Total U.S. government securities 437,615 + 5,176 + 33,411
Total loans and securities 439,515 + 5,428 + 30,669
Items in process of collection (472) 8,184 + 1,687 + 1,125
Bank premises 1,264 - 12 + 42
Other assets (4) 30,028 - 329 + 6
TOTAL ASSETS (472) 499,725 + 6,760 + 31,212
LIABILITIES
Federal Reserve notes 447,926 + 1,304 + 29,353
Deposits
Depository institutions 24,877 + 5,326 + 486
U.S. Treasury--general account 4,211 + 248 - 579
Foreign--official accounts 173 - 19 + 7
Other (16) 330 + 7 + 7
Total deposits (16) 29,590 + 5,561 - 78
Deferred availability cash items (456) 6,826 + 405 + 439
Other liabilities and accrued dividends (5) 4,900 + 47 + 288
TOTAL LIABILITIES (472) 489,242 + 7,317 + 30,001
CAPITAL ACCOUNTS
Capital paid in 5,315 - 3 + 728
Surplus 4,386 - 3 + 526
Other capital accounts 782 - 551 - 44
*Figures in parentheses are the eliminations made in the consolidation process.
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts of which $ 0 million was outstanding
at the end of the latest statement week.
2 Includes $ 1550 million of inflation-indexed securities valued at the original face amount and
$ 19 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 15,300 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 90 million securities loaned--fully secured by U.S. government
securities.
4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 134 million in Treasury bills maturing within 90 days.
5 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 3, 1997
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
accordance with maximum majority of the agreements.
Millions of dollars
U.S. government Federal agency
Loans Acceptances securities (1) obligations
Weekly Weekly
Holdings changes Holdings changes
Within 15 days 114 0 Within 15 days 28,878 + 3,983 1,025 + 163
16 to 90 days 78 0 16 to 90 days 92,662 + 2,086 10 0
Over 90 days 0 0 91 days to 1 year 136,960 - 294 197 0
Over 1 to 5 years 91,728 - 600 198 0
Over 5 to 10 years 40,292 0 255 0
Over 10 years 47,094 0 25 0
Total 191 0 Total 437,615 + 5,176 1,710 + 163
1 Includes $ 1550 million of inflation-indexed securities valued at the original face amount and
$ 19 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
Components may not add to totals due to rounding.
H.4.1 (b)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 3, 1997
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
ASSETS
Gold certificate account 11,050 624 3,937 350 669 965 723 1,069 401 147 286 459 1,420
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 483 26 19 56 27 65 49 57 16 20 35 40 74
Loans 191 2 0 0 0 100 0 11 13 34 29 0 2
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 685 42 221 23 47 65 46 73 27 10 20 25 86
Held under repurchase agreements(1) 1,025 0 1,025 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 194,304 11,845 62,848 6,496 13,440 18,487 12,966 20,725 7,739 2,706 5,548 7,056 24,447
Notes (2) 167,170 10,191 54,071 5,589 11,563 15,906 11,155 17,831 6,658 2,328 4,773 6,071 21,033
Bonds 58,193 3,548 18,823 1,945 4,025 5,537 3,883 6,207 2,318 810 1,662 2,113 7,322
Total bought outright(3) 419,668 25,584 135,742 14,030 29,029 39,930 28,005 44,764 16,715 5,845 11,983 15,241 52,801
Held under repurchase agreements(1) 17,947 0 17,947 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 437,615 25,584 153,689 14,030 29,029 39,930 28,005 44,764 16,715 5,845 11,983 15,241 52,801
Total loans and securities 439,515 25,627 154,935 14,053 29,076 40,095 28,050 44,848 16,755 5,888 12,032 15,266 52,889
Items in process of collection 8,656 468 929 309 319 587 1,180 610 648 640 382 599 1,985
Bank premises 1,264 94 154 50 128 126 78 108 31 133 54 150 159
Other assets(4) 30,028 1,245 9,635 1,374 1,781 2,263 2,292 3,187 819 574 958 1,344 4,555
Interdistrict settlement account 0 -3,406 +13,359 -863 -694 -7,844 +443 -4,577 -1,169 -1,199 +1,343 +4,905 -298
TOTAL ASSETS 500,197 25,208 186,170 15,610 31,881 37,050 33,418 46,200 17,842 6,326 15,338 23,130 62,025
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts, of which $ 0 was outstanding at the
end of the latest statement week.
2 Includes $ 1550 million of inflation-indexed securities valued at the original face amount and
$ 19 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 15,300 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 90 million securities loaned--fully secured by U.S. government
securities.
4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 134 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.
H.4.1 (c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 3, 1997
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
LIABILITIES
Federal Reserve notes 447,926 22,832 173,669 13,595 27,533 32,492 29,375 40,724 15,825 4,540 13,517 19,477 54,346
Deposits
Depository institutions 24,877 1,296 3,448 1,048 3,080 1,847 2,033 3,169 1,319 755 974 2,540 3,367
U.S. Treasury--general account 4,211 0 4,211 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 173 5 62 9 9 10 13 17 4 3 5 8 28
Other 346 1 102 1 1 67 3 135 1 11 25 -3 4
Total deposits 29,606 1,303 7,823 1,058 3,090 1,924 2,049 3,320 1,324 769 1,004 2,545 3,398
Deferred credit items 7,282 403 893 223 249 582 917 618 250 542 356 394 1,855
Other liabilities and accrued
dividends (1) 4,900 287 1,598 187 319 444 336 500 200 100 168 192 570
TOTAL LIABILITIES 489,714 24,825 183,983 15,063 31,191 35,443 32,677 45,163 17,598 5,950 15,046 22,608 60,169
CAPITAL ACCOUNTS
Capital paid in 5,315 194 1,108 281 358 815 336 527 122 194 125 277 978
Surplus 4,386 164 999 262 279 303 405 511 109 101 165 244 845
Other capital accounts 782 26 80 5 54 490 0 0 12 81 1 1 33
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 500,197 25,208 186,170 15,610 31,881 37,050 33,418 46,200 17,842 6,326 15,338 23,130 62,025
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 548,856 28,541 207,723 16,825 31,396 38,914 37,944 48,545 17,894 6,362 15,583 26,207 72,920
Less--Held by F.R. Banks 100,930 5,709 34,054 3,230 3,863 6,421 8,569 7,821 2,069 1,823 2,066 6,730 18,574
F.R. notes, net 447,926 22,832 173,669 13,595 27,533 32,492 29,375 40,724 15,825 4,540 13,517 19,477 54,346
Collateral held against F.R. notes
Gold certificate account 11,050
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 427,676
Total collateral 447,926
1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
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Last update: December 4, 1997