Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page

Release Date:  March 19, 1998

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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
March 19, 1998
Millions of dollars
  Averages of daily figures
    Change from week ended  
Reserve balances of depository institutions at
F.R. Banks, Reserve Bank credit, and related items
Week ended
Mar 18, 1998
Mar 11, 1998 Mar 19, 1997 Wednesday
Mar 18, 1998
Reserve Bank Credit  (1,2)                                  468,414     +     928     +  30,146       469,339 
  U.S. government securities                                         
    Bought outright-system account (3)                      432,541     +   2,206     +  35,459       432,708 
    Held under repurchase agreements                          2,216     -     634     -   5,027         3,001 
  Federal agency obligations                                         
    Bought outright                                             625     -      43     -   1,387           625 
    Held under repurchase agreements                          1,478     -     937     +     512         1,220 
  Acceptances                                                     0             0             0             0 
  Loans to depository institutions                                   
    Adjustment credit                                             2     -       1     -     297             2 
    Seasonal credit                                              20     +       2     -      14            23 
    Extended credit                                               0             0             0             0 
   Float                                                        588     +      28     +      78           594 
   Other F.R. assets                                         30,945     +     308     +     823        31,165 
Gold stock                                                   11,049             0     -       1        11,049 
Special drawing rights certificate account                   9,200            0            0        9,200 
Treasury currency outstanding                                25,760     +      14     +     618        25,760 
        Total factors supplying reserve funds               514,423     +     942     +  30,763       515,348 
                                                     
Currency in circulation*                                    474,061     +     167     +  30,481       474,719 
Treasury cash holdings*                                         256     +      11     -      47           259 
Deposits,other than reserve balances,with F.R.Banks                                
  Treasury                                                    6,294     +   1,427     -   1,184         5,745 
  Foreign                                                       176     +      17     +      10           156 
  Service-related balances and adjustments (4)                6,981     -     148     -      48         6,981 
  Other                                                         372     -       5     -      48           357 
Other F.R. liabilities and capital                           16,178     -     231     +   1,545        15,879 
        Total factors, other than reserve balances,    
        absorbing reserve funds                       
     504,317     +   1,238     +  30,709       504,095 
                                                              
Reserve balances with F.R. Banks  (5)                        10,106     -     295     +      54        11,253 
                                                                                  
On March 18, 1998, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 613,242 million, a change of
+$ 2,993 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,504 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,504 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,338 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,338 million was with foreign official and international
accounts. Includes $ 210 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2050 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,734 million and adjustments of $ 247 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
ASSETS * Wednesday
Mar 18, 1998
Wednesday
Mar 11, 1998
Wednesday
Mar 19, 1997
Gold certificate account                                         11,049         -       1         -       1 
Special drawing rights certificate account                        9,200                 0                 0 
Coin                                                                536         -      15         -     154 
                                                
Loans                                                                26         +       8         -   1,168 
Acceptances                                                           0                 0                 0 
Federal agency obligations                            
  Bought outright                                                   625                 0         -   1,387 
  Held under repurchase agreements (1)                            1,220         -   2,199         +      15 
U.S. government securities                          
  Bought outright--Bills                                        195,812         +     186         +   4,531 
                   Notes (2)                                    176,165         +       1         +  21,638 
                   Bonds                                         60,732                 0         +   9,333 
    Total bought outright (3)                                   432,708         +     187         +  35,502 
  Held under repurchase agreements (1)                            3,001         -   3,939         -   6,888 
     Total U.S. government securities                           435,709         -   3,752         +  28,614 
       Total loans and securities                               437,579         -   5,943         +  26,075 
     
Items in process of collection                      (448)         7,193         +      37         +     814 
Bank premises                                                     1,280         +       1         +      31 
Other assets (4)                                                 29,856         +     104         +     708 
                TOTAL ASSETS                        (448)       496,692         -   5,817         +  27,472 
     
                LIABILITIES                           
Federal Reserve notes                                           449,753         -     366         +  29,713 
Deposits                                           
  Depository institutions                                        17,967         -   6,862         -   1,279 
  U.S. Treasury--general account                                  5,745         +   1,189         -   3,291 
  Foreign--official accounts                                        156         -       3         -       7 
    Other                                                           357         -      22         -      55 
      Total deposits                                             24,224         -   5,698         -   4,632 
Deferred availability cash items                    (448)         6,836         +     398         +   1,010 
Other liabilities and accrued dividends (5)                       4,692         -     149         -       4 
                TOTAL LIABILITIES                   (448)       485,505         -   5,814         +  26,087 
                                                
                CAPITAL ACCOUNTS                     
Capital paid in                                                   5,430         +       3         +     673 
Surplus                                                           5,220                 0         +     706 
Other capital accounts                                              536         -       6         +       5 
 
*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 $ 2050 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 16,338 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 210 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 $ 174 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, March 18, 1998
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
securities (1)
Federal agency
obligations
  Loans Acceptances   Holdings Weekly
changes
Holdings Weekly
changes
Within 15 days   26  Within 15 days       15,517  +     917   1,220  -   2,199 
16 to 90 days     0  16 to 90 days        93,598  -   4,905      74          0 
Over 90 days      0  91 days to 1 year   139,873  +     235     175          0 
                        Over 1 to 5 years    97,246          0     126          0 
                        Over 5 to 10 years   39,842          0     225          0 
                        Over 10 years        49,633          0      25          0 
    Total        26      Total           435,709  -   3,752   1,845  -   2,199 
 
1 Includes $ 2050 million of inflation-indexed securities valued at the original face amount and
$ 21 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 March 18, 1998
Millions of dollars
ASSETS Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Gold certificate account                      11,049         624       3,936         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                                             536          33          27          64          35          70          44          71          16          24          31          41          81 
                                                               
Loans                                             26           0           0           0           0           0           5          11           0           7           1           0           2 
Acceptances                                        0           0           0           0           0           0           0           0           0           0           0           0           0 
Federal agency obligations                                   
  Bought outright                                625          38         202          21          43          59          42          67          25           9          18          23          79 
  Held under repurchase agreements(1)          1,220           0       1,220           0           0           0           0           0           0           0           0           0           0 
U.S. government securities                                         
  Bought outright--Bills                     195,812      11,937      63,335       6,546      13,545      18,631      13,067      20,886       7,799       2,727       5,591       7,111      24,636 
                   Notes (2)                 176,165      10,739      56,981       5,889      12,186      16,761      11,756      18,791       7,016       2,453       5,030       6,398      22,164 
                   Bonds                      60,732       3,702      19,644       2,030       4,201       5,778       4,053       6,478       2,419         846       1,734       2,206       7,641 
     Total bought outright(3)                432,708      26,379     139,960      14,466      29,931      41,171      28,875      46,155      17,234       6,026      12,356      15,714      54,442 
  Held under repurchase agreements(1)          3,001           0       3,001           0           0           0           0           0           0           0           0           0           0 
     Total U.S. govt. securities             435,709      26,379     142,961      14,466      29,931      41,171      28,875      46,155      17,234       6,026      12,356      15,714      54,442 
       Total loans and securities            437,579      26,417     144,383      14,487      29,974      41,230      28,921      46,232      17,259       6,041      12,375      15,737      54,522 
                                                               
Items in process of collection                 7,641         421       1,057         290         359         480         969         612         287         542         293         474       1,858 
Bank premises                                  1,280          94         156          50         139         126          80         107          31         132          55         150         159 
Other assets(4)                               29,856       1,497       8,411       1,280       1,854       3,817       1,876       2,974         836         807         724       1,310       4,471 
Interdistrict settlement account                   0      -4,757     +26,916      -2,331      -1,985      -9,688      -1,110      -5,175      -2,328        -957      +1,169      +7,382      -7,135 
          TOTAL ASSETS                       497,140      24,859     188,089      14,472      31,619      37,792      32,104      46,789      16,842       6,859      15,179      25,919      56,617 
 

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 $ 2050 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 16,338 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 210 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 $ 174 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 March 18, 1998
Millions of dollars
LIABILITIES Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Federal Reserve notes                        449,753      22,342     175,247      12,603      28,998      32,737      28,627      41,757      15,409       5,221      13,557      23,309      49,945  
Deposits                                                          
  Depository institutions                     17,967       1,311       2,148         815       1,206       2,283       1,504       2,692         727         637         744       1,549       2,351  
  U.S. Treasury--general account               5,745           0       5,745           0           0           0           0           0           0           0           0           0           0  
  Foreign--official accounts                     156           7          41           8           9          22           9          14           3           5           3           7          26  
  Other                                          357           1         107           0           3          62           2         177           0           0           3           1           1  
    Total deposits                            24,224       1,319       8,040         823       1,218       2,368       1,515       2,883         730         643         749       1,557       2,378  
Deferred credit items                          7,284        416       1,044        219         353        544         889        574         259        514         427        309       1,736  
Other liabilities and accrued             
  dividends (1)                           
    4,692         288       1,417         186         314         439         335         496         199         100         168         190         561  
    TOTAL LIABILITIES                        485,953      24,365     185,748      13,832      30,883      36,088  ;    31,366      45,709      16,597       6,478      14,902      25,365      54,620  
 
       CAPITAL ACCOUNTS                                            
Capital paid in                                5,430         211       1,114         317         358         840         363         526         115         190         136         275         985  
Surplus                                        5,220         254       1,055         273         335         818         338         502         122         189         119         271         945  
Other capital accounts                           536          29         173          51          42          46          37          52           8           2          22           8          67  
     TOTAL LIABILITIES AND CAPITAL        
        ACCOUNTS                          
  497,140      24,859     188,089      14,472      31,619      37,792      32,104      46,789      16,842       6,859      15,179      25,919      56,617  
              
FEDERAL RESERVE AGENTS' ACCOUNTS                                              
F.R. notes outstanding                       551,759      27,052     210,504      16,019      32,215      39,260      37,097      50,308      17,776       6,615      15,835      28,673      70,406  
  Less--Held by F.R. Banks                   102,006       4,710      35,257       3,415       3,216       6,523       8,470       8,551       2,367       1,393       2,278       5,364      20,461  
  F.R. notes, net                            449,753      22,342     175,247      12,603      28,998      32,737      28,627      41,757      15,409       5,221      13,557      23,309      49,945  
Collateral held against F.R. notes                          
   Gold certificate account                   11,049                    
   Special drawing rights                 
     certificate account                  
 
    9,200  
                
   Other eligible assets                           0                  
   U.S. govt. and agency securities          429,504                  
     Total collateral                        449,753                  
 
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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