Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: September 26, 2002
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FEDERAL RESERVE
These data are scheduled for release each Thursday.

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                         September 26, 2002
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     Sep 25, 2002 Sep 18, 2002 Sep 26, 2001 Sep 25, 2002

Reserve Bank Credit                                         655,957    -   1,960    +  44,703      660,224
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    605,242    +     128    +  74,244      606,248
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                              10            0            0           10
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      12,214    -   3,286    -  27,119       15,500
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             1    -       6    -   1,064            2
    Seasonal credit                                             168    +       6    +     101          174
    Extended credit                                               0            0            0            0
   Float                                                         75    +     830    -   1,925         -158
   Other F.R. assets                                         38,247    +     367    +     467       38,449
Gold stock                                                   11,042            0    -       1       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                34,107    +      14    +   1,150       34,107
        Total factors supplying reserve funds               703,307    -   1,945    +  45,852      707,574
                                                                   
Currency in circulation*                                    659,523    -   1,442    +  46,602      660,569
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         372    +       8    -      57          380
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    6,832    +   1,059    -   1,630        7,209
  Foreign                                                        80    -      26    -     525           75
  Service-related balances and adjustments (5)               10,245    +     128    +   2,106       10,245
  Other                                                         234    +      16    -      64          232
Other F.R. liabilities and capital                           19,423    +     249    +     636       19,276
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             696,709    -       7    +  47,067      697,987

Reserve balances with F.R. Banks  (6)                         6,598    -   1,938    -   1,215        9,586
                                                                
On September 25, 2002, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal Reserve
Banks for foreign official and international accounts was $    804,435 million, a change of $  -   4,290 million for the week. The total includes
$    650,160 million of U.S. government securities and $    154,275 million of federal agency securities. 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 $     23,138 million (daily average over statement week) and $     22,164 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     22,388 million (daily average)
   and $     22,164 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        468 million (daily average) and $      2,877 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,170 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 $      9,939 million and adjustments of $        306 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.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
                                                                                    Change Since
                                                  *          Wednesday        Wednesday        Wednesday
                                                           Sep 25, 2002     Sep 18, 2002     Sep 26, 2001
                ASSETS
Gold certificate account                                        11,038                0        -       5
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,066        +      14        -      50
Loans                                                              175        +       7        +      80
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           15,500        -   1,250        -  35,790
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       204,269        -      28        +  36,487
                   Notes (3)                                   295,881        +       2        +  38,849
                   Bonds (4)                                   106,098        +       1        +   4,095
    Total bought outright (5)                                  606,248        -      24        +  79,431
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          606,248        -      24        +  79,431
       Total loans and securities                              621,933        -   1,267        +  43,721
                          
Items in process of collection                    (1,240)        6,858        -     493        -   1,035
Bank premises                                                    1,522        -       1        +      12
Other assets (6)                                                36,962        +     286        +     618
                TOTAL ASSETS                      (1,240)      681,578        -   1,462        +  43,260
                          
                LIABILITIES
Federal Reserve notes                                          627,903        -     842        +  45,774
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       19,955        -      94        -     572
  U.S. Treasury--general account                                 7,209        +      34        -   2,459
  Foreign--official accounts                                        75        -      64        -     560
    Other                                             (0)          232        +      17        -       5
      Total deposits                                  (0)       27,471        -     107        -   3,596
Deferred availability cash items                  (1,240)        6,927        -     529        -     436
Other liabilities and accrued dividends (7)                      2,432        +      40        -     512
                TOTAL LIABILITIES                 (1,240)      664,735        -   1,437        +  41,233
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,254        +       2        +   1,046
Surplus                                                          7,312                0        +     552
Other capital accounts                                           1,278        -      26        +     430

*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 $      7,168 million of inflation-indexed securities valued at the original face amount and 
   $        655 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      5,074 million of inflation-indexed securities valued at the original face amount and 
   $        515 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     22,164 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,877 million that are fully collateralized by other
   U.S. government securities.
6  Includes assets denominated in foreign currencies, revalued daily at market exchange rates.
7  Includes exchange-translation account reflecting the daily revaluation at market exchange rates of 
   foreign exchange commitments.
Components may not add to totals due to rounding.


MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 25, 2002



Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days             152       24,435   -   1,585            0           0       13,500           0
16 days to 90 days          24      125,775   +   2,196            0           0        2,000           0
91 days to 1 year            0      147,227   -     638            0           0     ------      ------
Over 1 to 5 years                   175,654           0           10           0     ------      ------
Over 5 to 10 years                   51,437   +       1            0           0     ------      ------
Over 10 years                        81,720   +       2            0           0     ------      ------
                   		 	
Total                      175      606,248   -      24           10           0       15,500           0

1  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,170 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 September 25, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,038        533      4,363        430        522        819        926      1,080        346        179        309        485      1,046
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,066         43         51         50         56        141        139        134         62         34         71        155        128
                       
Loans                                            175          0          0          0          0          0          8         31         29         65         21         12          9
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          15,500          0     15,500          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                 10          1          4          0          1          1          1          1          0          0          0          0          1
  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                     204,269     11,704     80,372      7,855     11,271     15,931     14,545     24,038      7,263      3,193      6,038      4,533     17,525
                   Notes (3)                 295,881     16,952    116,417     11,377     16,325     23,077     21,068     34,819     10,521      4,625      8,746      6,567     25,385
                   Bonds (4)                 106,098      6,079     41,745      4,080      5,854      8,275      7,555     12,486      3,773      1,659      3,136      2,355      9,103
     Total bought outright(5)                606,248     34,735    238,535     23,312     33,450     47,283     43,167     71,343     21,557      9,477     17,921     13,455     52,014
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             606,248     34,735    238,535     23,312     33,450     47,283     43,167     71,343     21,557      9,477     17,921     13,455     52,014
       Total loans and securities            621,933     34,735    254,039     23,312     33,450     47,284     43,176     71,376     21,586      9,542     17,942     13,467     52,023
                       
Items in process of collection                 8,098        419        747        400        197        518        764        545        366        568        505        470      2,597
Bank premises                                  1,522         91        181         49        153        130        279        112         43        125         49        138        172
Other assets(6)                               36,962      1,928     12,986      1,245      2,472      5,384      2,476      3,807        974        627        967        810      3,288
Interdistrict settlement account                   0    - 6,949    +28,194    - 5,106    - 4,697    -   783    - 3,024    -11,276    - 2,774    + 4,143    - 2,342    +10,605    - 5,991
          TOTAL ASSETS                       682,819     30,916    301,435     20,463     32,257     53,641     44,903     65,989     20,675     15,248     17,567     26,228     53,497

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 $      7,168 million of inflation-indexed securities valued at the original face amount and  $        655 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      5,074 million of inflation-indexed securities valued at the original face amount and  $        515 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     22,164 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,877 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 September 25, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         627,903     28,419    283,533     18,522     28,080     46,215     41,593     60,576     19,275     13,653     15,983     24,530     47,523
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      19,955        948      5,287        857      2,311      2,323      1,297      2,762        637        381        610        848      1,695
  U.S. Treasury--general account                7,209          0      7,209          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       75          2         52          1          3          7          2          3          1          1          1          1          3
  Other                                           232          6        137          0          2         81          1          1          2          0          1          0          0
    Total deposits                             27,471        956     12,685        858      2,315      2,410      1,300      2,765        640        382        612        849      1,698
Deferred credit items                           8,168        509        754        484        323        624        774        671        243        561        468        384      2,372
Other liabilities and accrued                 
  dividends (2)                                 2,432        149        745        109        138        255        203        259        107         79         97         93        199
    TOTAL LIABILITIES                         665,975     30,034    297,716     19,973     30,857     49,504     43,871     64,271     20,265     14,675     17,160     25,856     51,792
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,254        432      1,769        238        692      2,067        473        837        199        327        199        183        838
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,278         32        445         31         43        312         24         88         62        127         17         26         71
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              682,819     30,916    301,435     20,463     32,257     53,641     44,903     65,989     20,675     15,248     17,567     26,228     53,497
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        751,047     34,062    318,767     26,316     32,702     56,078     58,347     67,792     22,838     15,448     20,510     33,996     64,190
  Less--Held by F.R. Banks                    123,143      5,643     35,235      7,794      4,622      9,863     16,753      7,216      3,563      1,795      4,527      9,466     16,667
  F.R. notes, net                             627,903     28,419    283,533     18,522     28,080     46,215     41,593     60,576     19,275     13,653     15,983     24,530     47,523
Collateral held against F.R. notes            
   Gold certificate account                    11,038
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        614,666
     Total collateral                         627,903

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.


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