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Release Date: June 4, 1998
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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
June 4, 1998
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 Jun 3, 1998 May 27, 1998 Jun 4, 1997 Jun 3, 1998
Reserve Bank Credit (1,2) 476,574 + 4,577 + 28,712 480,122
U.S. government securities
Bought outright-system account (3) 441,353 + 770 + 35,578 441,582
Held under repurchase agreements 2,838 + 2,838 - 5,254 4,194
Federal agency obligations
Bought outright 551 0 - 1,288 551
Held under repurchase agreements 593 + 593 - 906 1,330
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 35 - 40 - 200 213
Seasonal credit 129 + 11 - 82 121
Extended credit 0 0 0 0
Float 428 + 103 + 101 1,298
Other F.R. assets 30,648 + 302 + 764 30,834
Gold stock 11,049 0 - 2 11,048
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,914 + 14 + 629 25,914
Total factors supplying reserve funds 522,736 + 4,591 + 29,340 526,284
Currency in circulation* 481,459 + 532 + 29,771 482,248
Treasury cash holdings* 226 - 10 - 106 226
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,341 + 161 + 348 5,211
Foreign 161 - 11 - 16 162
Service-related balances and adjustments (4) 6,675 - 65 - 450 6,675
Other 320 - 38 - 83 334
Other F.R. liabilities and capital 16,722 + 217 + 806 16,454
Total factors, other than reserve balances,
absorbing reserve funds 510,905 + 786 + 30,270 511,310
Reserve balances with F.R. Banks (5) 11,832 + 3,806 - 930 14,974
On June 3, 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 603,316 million, a change of
-$ 2,989 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,850 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,850 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,622 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,622 million was with foreign official and international
accounts. Includes $ 26 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 32 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,422 million and adjustments of $ 253 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
Jun 3, 1998 May 27, 1998 Jun 4, 1997
ASSETS
Gold certificate account 11,048 - 1 - 2
Special drawing rights certificate account 9,200 0 0
Coin 383 - 21 - 122
Loans 334 + 209 + 134
Acceptances 0 0 0
Federal agency obligations
Bought outright 551 0 - 1,113
Held under repurchase agreements (1) 1,330 + 1,330 + 122
U.S. government securities
Bought outright--Bills 199,078 - 1,062 + 2,880
Notes (2) 180,590 + 1 + 22,820
Bonds (3) 61,914 0 + 8,998
Total bought outright (4) 441,582 - 1,061 + 34,698
Held under repurchase agreements (1) 4,194 + 4,194 - 4,765
Total U.S. government securities 445,776 + 3,133 + 29,933
Total loans and securities 447,991 + 4,672 + 29,076
Items in process of collection (500) 8,708 - 1,398 + 1,027
Bank premises 1,286 - 1 + 43
Other assets (5) 29,473 + 331 + 729
TOTAL ASSETS (500) 508,090 + 3,582 + 30,750
LIABILITIES
Federal Reserve notes 456,944 - 94 + 29,091
Deposits
Depository institutions 21,520 + 4,864 - 911
U.S. Treasury--general account 5,211 + 197 + 913
Foreign--official accounts 162 - 17 - 11
Other 334 + 23 - 44
Total deposits 27,227 + 5,067 - 52
Deferred availability cash items (500) 7,465 - 1,551 + 988
Other liabilities and accrued dividends (6) 4,907 + 267 - 173
TOTAL LIABILITIES (500) 496,542 + 3,689 + 29,854
CAPITAL ACCOUNTS
Capital paid in 5,726 + 6 + 886
Surplus 5,220 0 + 725
Other capital accounts 601 - 114 - 715
*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 $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 31 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 400 million of inflation-indexed securities valued at the original face amount and
$ 1 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,622 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 26 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 150 million in Treasury bills maturing within 90 days.
6 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, June 3, 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 Federal agency
Loans Acceptances securities (1) obligations
Weekly Weekly
Holdings changes Holdings changes
Within 15 days 233 0 Within 15 days 11,955 - 4,256 1,330 + 1,330
16 to 90 days 101 0 16 to 90 days 98,531 + 1,791 75 + 25
Over 90 days 0 0 91 days to 1 year 143,714 + 4,681 125 0
Over 1 to 5 years 97,784 + 916 126 0
Over 5 to 10 years 43,014 0 200 - 25
Over 10 years 50,777 0 25 0
Total 334 0 Total 445,776 + 3,133 1,881 + 1,330
1 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 32 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 June 3, 1998
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
ASSETS
Gold certificate account 11,048 582 4,208 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 383 19 21 24 19 41 49 49 19 17 37 35 55
Loans 334 1 0 0 0 213 6 26 16 51 15 0 6
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 551 30 204 16 36 43 33 53 19 6 15 25 69
Held under repurchase agreements(1) 1,330 0 1,330 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 199,078 10,842 73,786 5,788 12,939 15,682 12,110 19,112 6,996 2,187 5,523 9,052 25,061
Notes (2) 180,590 9,835 66,934 5,250 11,737 14,226 10,985 17,337 6,346 1,984 5,010 8,211 22,734
Bonds (3) 61,914 3,372 22,948 1,800 4,024 4,877 3,766 5,944 2,176 680 1,718 2,815 7,794
Total bought outright(4) 441,582 24,050 163,668 12,838 28,700 34,785 26,862 42,393 15,518 4,851 12,250 20,078 55,590
Held under repurchase agreements(1) 4,194 0 4,194 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 445,776 24,050 167,862 12,838 28,700 34,785 26,862 42,393 15,518 4,851 12,250 20,078 55,590
Total loans and securities 447,991 24,080 169,396 12,854 28,735 35,041 26,901 42,472 15,553 4,908 12,280 20,103 55,665
Items in process of collection 9,208 825 1,394 672 339 542 960 634 315 506 391 504 2,127
Bank premises 1,286 93 157 50 144 126 82 108 31 131 54 150 160
Other assets(5) 29,473 1,397 8,991 1,210 1,769 3,576 1,780 2,775 769 766 697 1,370 4,372
Interdistrict settlement account 0 -2,274 +8,964 -450 -991 -2,635 +261 -1,384 -342 +522 +2,067 +3,299 -7,038
TOTAL ASSETS 508,590 25,253 196,334 14,966 31,233 38,290 31,353 46,552 17,043 7,101 16,062 26,358 58,046
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 $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 31 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 400 million of inflation-indexed securities valued at the original face amount and
$ 1 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,622 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 26 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 150 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 June 3, 1998
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
LIABILITIES
Federal Reserve notes 456,944 22,503 181,912 12,990 28,530 32,716 27,441 41,682 15,304 5,367 14,095 23,757 50,648
Deposits
Depository institutions 21,520 1,472 4,113 1,009 1,226 2,454 1,802 2,571 977 678 994 1,419 2,805
U.S. Treasury--general account 5,211 0 5,211 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 162 7 47 8 9 22 9 14 3 5 3 7 26
Other 334 2 101 0 2 68 1 151 1 0 1 1 4
Total deposits 27,227 1,481 9,473 1,017 1,237 2,544 1,813 2,736 982 683 999 1,427 2,835
Deferred credit items 7,965 511 874 240 378 623 885 594 327 580 533 423 1,997
Other liabilities and accrued
dividends (1) 4,907 271 1,656 176 314 407 330 476 188 91 169 232 596
TOTAL LIABILITIES 497,042 24,767 193,914 14,423 30,458 36,290 30,468 45,489 16,802 6,722 15,795 25,840 56,076
CAPITAL ACCOUNTS
Capital paid in 5,726 214 1,161 268 385 1,036 463 532 117 191 135 235 990
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 601 19 203 2 54 146 83 29 2 0 13 13 36
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 508,590 25,253 196,334 14,966 31,233 38,290 31,353 46,552 17,043 7,101 16,062 26,358 58,046
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 567,000 26,523 228,293 15,522 31,517 39,746 36,072 50,504 17,602 7,093 16,384 29,347 68,396
Less--Held by F.R. Banks 110,056 4,020 46,381 2,532 2,988 7,030 8,631 8,821 2,298 1,726 2,290 5,590 17,748
F.R. notes, net 456,944 22,503 181,912 12,990 28,530 32,716 27,441 41,682 15,304 5,367 14,095 23,757 50,648
Collateral held against F.R. notes
Gold certificate account 11,048
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 436,696
Total collateral 456,944
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: June 4, 1998