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
November 18, 1999
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 Nov 17, 1999 |
Nov 10, 1999 | Nov 18, 1998 | Wednesday Nov 17, 1999 |
Reserve Bank Credit | 561,724 | + 9,482 | + 66,513 | 564,023 |
U.S. government securities (1) | ||||
Bought outright-system account (2,3) | 492,677 | + 717 | + 42,243 | 493,096 |
Held under repurchase agreements | 0 | 0 | - 4,084 | 0 |
Federal agency obligations (1) | ||||
Bought outright | 181 | - 6 | - 192 | 181 |
Held under repurchase agreements | 0 | 0 | - 4,215 | 0 |
Repurchase agreements -- triparty (4) | 33,669 | + 9,518 | + 33,669 | 35,320 |
Acceptances | 0 | 0 | 0 | 0 |
Loans to depository institutions | ||||
Adjustment credit | 435 | + 344 | + 363 | 2,115 |
Seasonal credit | 59 | - 5 | + 26 | 64 |
Special Liquidity Facility | 4 | - 1 | + 4 | 5 |
Extended credit | 0 | 0 | 0 | 0 |
Float | 419 | - 103 | - 47 | 571 |
Other F.R. assets | 34,280 | - 982 | - 1,256 | 32,671 |
Gold stock | 11,049 | 0 | + 7 | 11,049 |
Special drawing rights certificate account | 7,200 | 0 | - 2,000 | 7,200 |
Treasury currency outstanding | 27,529 | + 2 | + 1,393 | 27,527 |
Total factors supplying reserve funds | 607,501 | + 9,484 | + 65,912 | 609,799 |
Currency in circulation* | 568,138 | + 5,399 | + 65,532 | 571,088 |
Reverse repurchase agreements -- triparty (4) | 0 | 0 | 0 | 0 |
Treasury cash holdings* | 95 | 0 | + 7 | 97 |
Deposits,other than reserve balances,with F.R.Banks | ||||
Treasury | 4,726 | - 88 | - 75 | 5,228 |
Foreign | 264 | + 77 | + 86 | 171 |
Service-related balances and adjustments (5) | 7,082 | - 52 | + 309 | 7,082 |
Other | 256 | + 10 | - 154 | 247 |
Other F.R. liabilities and capital | 18,369 | + 56 | + 1,149 | 18,141 |
Total factors, other than reserve balances, absorbing reserve funds |
598,929 | + 5,401 | + 66,853 | 602,055 |
Reserve balances with F.R. Banks (6) | 8,572 | + 4,083 | - 941 | 7,745 |
On November 17, 1999, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 612,297 million, a change of
+$ 5,500 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Face value of the securities.
2 Net of $ 15,563 million (daily average over statement week) and $ 15,285 million (outstanding on
Wednesday statement date) matched sale-purchase transactions, of which $ 15,563 million (daily average)
and $ 15,285 million (outstanding on Wednesday statement date) were with foreign official and international
accounts. Includes securities loans of $ 1,748 million (daily average) and $ 1,828 million
(outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3 Includes $ 5,476 million of inflation-indexed securities valued at the original face amount and
$ 205 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized
by U.S. government and federal agency securities.
5 Consists of required clearing balances of $ 6,825 million and adjustments of $ 257 million to
compensate for float.
6 Excludes required clearing balances and adjustments to compensate for float.
* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
Note: on November 17, 1999, option contracts on repurchase agreements were outstanding as follows:
$ 88,850 million with exercise dates from December 23, 1999 through December 29, 1999;
$ 173,000 million with exercise dates from December 30, 1999 through January 5, 2000; and
$ 109,000 million with exercise dates from January 6, 2000 through January 12, 2000. Further details on these contracts
can be found on the website of the Federal Reserve Bank of New York (http://www.newyorkfed.org/pihome/news/announce).
Worksheet for H.4.1 (a)
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
Change Since | ||||
---|---|---|---|---|
ASSETS | * | Wednesday Nov 17, 1999 |
Wednesday Nov 10, 1999 |
Wednesday Nov 18, 1998 |
Gold certificate account | 11,049 | 0 | + 8 | |
Special drawing rights certificate account | 7,200 | 0 | - 2,000 | |
Coin | 272 | - 17 | - 132 | |
Loans | 2,184 | + 2,092 | + 2,145 | |
Acceptances | 0 | 0 | 0 | |
Repurchase agreements -- triparty (1) | 35,320 | + 7,500 | + 35,320 | |
Federal agency obligations (2) | ||||
Bought outright | 181 | 0 | - 192 | |
Held under repurchase agreements | 0 | 0 | - 4,263 | |
U.S. government securities (2) | ||||
Bought outright--Bills | 200,414 | + 197 | + 4,059 | |
Notes (3) | 212,248 | + 969 | + 25,602 | |
Bonds (4) | 80,434 | + 2 | + 11,817 | |
Total bought outright (5) | 493,096 | + 1,168 | + 41,479 | |
Held under repurchase agreements (1) | 0 | 0 | - 3,630 | |
Total U.S. government securities | 493,096 | + 1,168 | + 37,849 | |
Total loans and securities | 530,782 | + 10,761 | + 70,860 | |
Items in process of collection | (653) | 8,857 | + 1,873 | + 110 |
Bank premises | 1,347 | 0 | + 52 | |
Other assets (6) | 31,123 | - 2,796 | - 1,621 | |
TOTAL ASSETS | (653) | 590,629 | + 9,820 | + 67,277 |
LIABILITIES | ||||
Federal Reserve notes | 543,930 | + 3,905 | + 66,145 | |
Reverse repurchase agreements -- triparty (1) | 0 | 0 | 0 | |
Deposits | ||||
Depository institutions | 14,889 | + 4,612 | - 802 | |
U.S. Treasury--general account | 5,228 | + 358 | + 508 | |
Foreign--official accounts | 171 | + 10 | - 43 | |
Other | (0) | 247 | + 5 | - 159 |
Total deposits | (0) | 20,536 | + 4,985 | - 494 |
Deferred availability cash items | (653) | 8,022 | + 731 | + 344 |
Other liabilities and accrued dividends (7) | 4,518 | + 175 | + 47 | |
TOTAL LIABILITIES | (653) | 577,006 | + 9,797 | + 66,041 |
CAPITAL ACCOUNTS | ||||
Capital paid in | 6,378 | + 6 | + 443 | |
Surplus | 5,952 | 0 | + 732 | |
Other capital accounts | 1,294 | + 18 | + 62 |
*Figures in parentheses are the eliminations made in the consolidation process.
1 Cash value of agreements arranged through third-party custodial banks.
2 Face value of the securities.
3 Includes $ 3,938 million of inflation-indexed securities valued at the original face amount and
$ 162 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and
$ 43 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
5 Net of $ 15,285 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes securities loans of $ 1,828 million that are fully collateralized by other
U.S. government securities.
6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.
7 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, November 17, 1999
Holdings of securities include securitites held under repurchase agreements, which are classified according
to remaining maturity.
Millions of dollars
U.S. government securities (1,2) |
Federal agency obligations(2) |
||||||
---|---|---|---|---|---|---|---|
Loans | Holdings | Weekly changes |
Holdings | Weekly changes |
Repurchase Agreements Triparty(3) |
Reverse Repurchase Agreements Triparty(3) |
|
Within 15 days | 2,177 | 11,795 | - 6,281 | 0 | 0 | 8,745 | 0 |
16 to 90 days | 5 | 104,149 | + 1,840 | 31 | 25 | 26,575 | 0 |
91 days to 1 year | 2 | 140,438 | + 4,493 | 20 | 25 | ------ | ------ |
Over 1 to 5 years | 122,120 | + 1,894 | 10 | 0 | ------ | ------ | |
Over 5 to 10 years | 50,513 | + 297 | 120 | 0 | ------ | ------ | |
Over 10 years | 64,082 | - 1,074 | 0 | 0 | ------ | ------ | |
Total | 2,184 | 493,096 | + 1,168 | 181 | 0 | 35,320 | 0 |
1 Includes $ 5,476 million of inflation-indexed securities valued at the original face amount and
$ 205 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
2 Includes face value of securities held under repurchase agreements classified by the remaining maturity of
the agreements.
3 Cash value of agreements arranged through third-party custodial banks classified by remaining maturity of
the agreements.
Components may not add to totals due to rounding.
H.4.1 (b)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 17, 1999
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 | 533 | 4,436 | 319 | 566 | 834 | 724 | 993 | 337 | 140 | 313 | 575 | 1,279 |
Special drawing rights certif. acct. | 7,200 | 357 | 2,823 | 217 | 348 | 599 | 523 | 637 | 204 | 90 | 203 | 396 | 803 |
Coin | 272 | 5 | 13 | 16 | 24 | 41 | 39 | 29 | 12 | 12 | 18 | 27 | 36 |
Loans | 2,184 | 0 | 2,075 | 0 | 0 | 3 | 2 | 26 | 41 | 13 | 22 | 1 | 2 |
Acceptances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchase Agreements -- triparty(1) | |||||||||||||
Federal agency obligations(2) | |||||||||||||
Bought outright | 181 | 9 | 72 | 5 | 10 | 14 | 11 | 17 | 6 | 2 | 5 | 9 | 19 |
Held under repurchase agreements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
U.S. government securities(2) | |||||||||||||
Bought outright--Bills | 200,414 | 10,364 | 79,814 | 6,003 | 11,601 | 15,077 | 12,199 | 18,823 | 6,592 | 2,397 | 6,010 | 9,986 | 21,548 |
Notes (3) | 212,248 | 10,976 | 84,527 | 6,357 | 12,286 | 15,967 | 12,919 | 19,934 | 6,982 | 2,538 | 6,365 | 10,576 | 22,820 |
Bonds (4) | 80,434 | 4,159 | 32,032 | 2,409 | 4,656 | 6,051 | 4,896 | 7,554 | 2,646 | 962 | 2,412 | 4,008 | 8,648 |
Total bought outright(5) | 493,096 | 25,500 | 196,373 | 14,769 | 28,543 | 37,096 | 30,014 | 46,312 | 16,220 | 5,897 | 14,787 | 24,570 | 53,016 |
Held under repurchase agreements | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total U.S. govt. securities | 493,096 | 25,500 | 196,373 | 14,769 | 28,543 | 37,096 | 30,014 | 46,312 | 16,220 | 5,897 | 14,787 | 24,570 | 53,016 |
Total loans and securities | 530,782 | 25,509 | 233,840 | 14,775 | 28,553 | 37,112 | 30,027 | 46,355 | 16,267 | 5,912 | 14,814 | 24,579 | 53,038 |
Items in process of collection | 9,510 | 431 | 1,319 | 516 | 268 | 763 | 687 | 675 | 333 | 612 | 634 | 568 | 2,703 |
Bank premises | 1,347 | 93 | 163 | 50 | 156 | 124 | 131 | 107 | 32 | 128 | 51 | 146 | 165 |
Other assets(5) | 31,123 | 1,397 | 10,143 | 886 | 1,853 | 4,465 | 1,972 | 2,795 | 770 | 742 | 787 | 1,270 | 4,042 |
Interdistrict settlement account | 0 | + 5,673 | -14,647 | + 5,815 | + 472 | - 6,020 | + 7,584 | +17,060 | + 3,555 | - 5,099 | + 1,955 | -19,697 | + 3,348 |
TOTAL ASSETS | 591,282 | 33,998 | 238,092 | 22,594 | 32,241 | 37,918 | 41,688 | 68,652 | 21,510 | 2,537 | 18,775 | 7,864 | 65,414 |
1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized
by U.S. government and federal agency securities.
2 Face value of the securities.
3 Includes $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 162 million
of compensation that adjusts for the effects of inflation on the principal of such securities.
4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 43 million
of compensation that adjusts for the effects of inflation on the principal of such securities.
5 Net of $ 15,285 million matched sale-purchase transactions outstanding at the end of the latest statement week.
Includes securities loans of $ 1,828 million that are fully collateralized by other U.S. government securities.
6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.
Components may not add to totals due to rounding.
H.4.1 (c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 17, 1999
Millions of dollars
LIABILITIES | Total | Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City |
Dallas | San Francisco |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Federal Reserve notes | 543,930 | 31,526 | 223,888 | 21,139 | 29,594 | 32,167 | 38,057 | 64,240 | 19,992 | 874 | 17,211 | 6,133 | 59,108 |
Reverse repurchase agreements--triparty(1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deposits | |||||||||||||
Depository institutions | 14,889 | 1,168 | 3,225 | 507 | 1,081 | 1,340 | 1,264 | 2,070 | 744 | 509 | 545 | 636 | 1,801 |
U.S. Treasury--general account | 5,228 | 0 | 5,228 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Foreign--official accounts | 171 | 7 | 55 | 4 | 10 | 30 | 10 | 14 | 3 | 5 | 3 | 6 | 24 |
Other | 247 | 0 | 146 | 0 | 9 | 79 | 2 | 1 | 0 | 3 | 3 | 2 | 1 |
Total deposits | |||||||||||||
Deferred credit items | 8,676 | 448 | 1,063 | 359 | 362 | 624 | 1,098 | 652 | 268 | 603 | 483 | 391 | 2,326 |
Other liabilities and accrued dividends (2) |
4,518 | 243 | 1,595 | 164 | 269 | 381 ; | 313 | 430 | 171 | 94 | 164 | 231 | 464 |
TOTAL LIABILITIES | 577,659 | 33,392 | 235,200 | 22,174 | 31,325 | 34,621 | 40,744 | 67,406 | 21,178 | 2,087 | 18,410 | 7,398 | 63,723 |
CAPITAL ACCOUNTS | |||||||||||||
Capital paid in | 6,378 | 289 | 1,319 | 202 | 442 | 1,632 | 456 | 598 | 158 | 229 | 174 | 213 | 665 |
Surplus | 5,952 | 267 | 1,208 | 177 | 399 | 1,238 | 418 | 583 | 121 | 202 | 140 | 227 | 972 |
Other capital accounts | 1,294 | 49 | 364 | 41 | 75 | 428 | 69 | 64 | 53 | 18 | 51 | 26 | 55 |
TOTAL LIABILITIES AND CAPITAL ACCOUNTS |
591,282 | 33,998 | 238,092 | 22,594 | 32,241 | 37,918 | 41,688 | 68,652 | 21,510 | 2,537 | 18,775 | 7,864 | 65,414 |
FEDERAL RESERVE AGENTS' ACCOUNTS | |||||||||||||
F.R. notes outstanding | 825,430 | 42,061 | 328,987 | 31,115 | 39,202 | 55,115 | 61,667 | 80,263 | 26,639 | 11,491 | 24,891 | 36,989 | 87,010 |
Less--Held by F.R. Banks | 281,501 | 10,534 | 105,098 | 9,976 | 9,608 | 22,947 | 23,610 | 16,024 | 6,647 | 10,618 | 7,681 | 30,856 | 27,902 |
F.R. notes, net | 543,930 | 31,526 | 223,888 | 21,139 | 29,594 | 32,167 | 38,057 | 64,240 | 19,992 | 874 | 17,211 | 6,133 | 59,108 |
Collateral held against F.R. notes | |||||||||||||
Gold certificate account | 11,049 | ||||||||||||
Special drawing rights certificate account |
7,200 | ||||||||||||
Other eligible assets | 0 | ||||||||||||
U.S. govt. and agency securities(3) | 525,681 | ||||||||||||
Total collateral | 543,930 |
1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized
by U.S. government and federal agency securities.
2 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
3 U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount.
Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities
pledged under reverse repurchase agreements.
Components may not add to totals due to rounding.