Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  January 16, 2003
Release dates
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For Release at 
4:30 P.M. Eastern time 
January 16, 2003


The H.4.1 Statistical Release ("Factors Affecting Reserve Balances of Depository
Institutions and Condition Statement of Federal Reserve Banks") has been reformatted 
to show the new types of discount window credit extended by the Federal Reserve Banks.  
(For more information on the new credit programs, see
http://www.federalreserve.gov/boarddocs/press/bcreg/2002/200210312/default.htm).

The Federal Reserve Banks began offering primary credit and secondary credit on
January 9, 2003.  The adjustment credit and extended credit programs were
discontinued.  The seasonal credit facility continues unchanged.  Table 1 of the 
release now shows amounts for each of the three types of credit currently available 
(primary, secondary, and seasonal credit).  The table still shows amounts for 
adjustment credit, even though this category is no longer offered, to provide 
a complete disaggregation of changes in total borrowing from the corresponding 
week one year ago.

FEDERAL RESERVE Statistical Release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
January 16, 2003
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jan 15, 2003
Week ended
Jan 15, 2003
Change from week ended
Jan 8, 2003 Jan 16, 2002
                                                              
Reserve Bank Credit                                         693,039     -   4,416     +  63,937       698,326 
 Securities held outright                                   629,416             0     +  70,943       629,416 
    U.S. Treasury (1)                                       629,406             0     +  70,943       629,406 
       Bills (2)                                            226,682             0     +  39,777       226,682 
       Notes and bonds, nominal (2)                         389,219             0     +  28,800       389,219 
       Notes and bonds, inflation-indexed (2)                12,242             0     +   2,056        12,242 
       Inflation compensation (3)                             1,263             0     +     310         1,263 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    24,428     -   3,965     -   8,543        30,000 
 Loans to depository institutions                                16     -      11     -       2            15 
    Primary credit                                                6     +       6     +       6             5 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              11     -       6     +       1            10 
    Adjustment credit                                             0     -      10     -       8             0 
 Float                                                        -250    -     970    -     167         -466 
 Other Federal Reserve assets                                39,428     +     529     +   1,705        39,361 
Gold stock                                                   11,043             0     -       2        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            34,525     +      14     +   1,327        34,525 
                                                              
Total factors supplying reserve funds                       740,806     -   4,403     +  65,261       746,094 
                                                                          
Currency in circulation(5)                                  676,353     -   6,783     +  43,634       676,004 
Reverse repurchase agreements (6)                            18,152     -     381     +  18,152        17,813 
   Foreign official and international accounts               18,152     -     381     +  18,152        17,813 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          369     -       1     -      63           369 
Deposits with F.R.Banks, other than reserve balances         16,755     +     722     +   1,648        16,785 
  U.S. Treasury, general account                              5,244     +     415     -     468         5,192 
  Foreign official                                              173     +      66     -      98           253 
  Service-related                                            11,127     +     241     +   2,235        11,127 
     Required clearing balances                              10,537     +       2     +   2,134        10,537 
     Adjustments to compensate for float                        590     +     239     +     101           590 
  Other                                                         210     -       1     -      22           213 
Other liabilities and capital                                19,738     +     521     +   2,045        19,631 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  731,367     -   5,923     +  65,416       730,601 
                                                              
Reserve balances with Federal Reserve Banks                   9,439     +   1,520     -     155        15,492 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           859,013     -   2,072      ------         859,411 
     U.S. Treasury                                          694,097     +      80      ------         692,999 
     Federal agency                                         164,916     -   2,152      ------         166,412 
  Securities lent to dealers                                    579     -     381     -   2,045           922 
Note: Components may not sum to totals because of rounding.
--- Not available.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5 Estimated.
6 Cash value of agreements, which are collateralized by U.S. Treasury securities.
7 Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.
 

 

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
 

 

2. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of Dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change Since
Wednesday
Jan 15, 2003
Wednesday
Jan 8, 2003
Wednesday
Jan 16, 2002
Assets                                               
Gold certificate account                                         11,039                 0         -       6 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,043         +      47         -      51 
Securities, repurchase agreements, and loans                    659,431         -   3,753         +  68,777 
   Securities held outright                                     629,416                 0         +  69,676 
      U.S. Treasury (1)                                         629,406                 0         +  69,676 
         Bills (2)                                              226,682                 0         +  38,923 
         Notes and bonds, nominal (2)                           389,219                 0         +  28,384 
         Notes and bonds, inflation-indexed (2)                    12,242                 0         +   2,056 
         Inflation compensation (3)                               1,263                 0         +     312 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     30,000         -   3,750         -     900 
   Loans                                                             15         -       3         +       1 
Items in process of collection                    (1,251)         8,155         -     198         -     502 
Bank premises                                                     1,542         +       1         +      30 
Other assets (5)                                                 37,688         +     205         +   1,565 
      Total assets                                (1,251)       721,098         -   3,698         +  69,813 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  642,887         -   4,183         +  42,359 
Reverse repurchase agreements (6)                                17,813         -     896         +  17,813 
Deposits                                              (0)        32,648         +   1,513         +   7,733 
  Depository institutions                                        26,991         +   1,795         +   9,122 
  U.S. Treasury, general account                                  5,192         -     298         -   1,527 
  Foreign official                                                  253         +     154         +     165 
  Other                                               (0)           213         -     137         -      25 
Deferred availability cash items                  (1,251)         8,119         -     380         -     259 
Other liabilities and accrued dividends (7)                       2,235         +      13         -     118 
      Total liabilities                           (1,251)       703,702         -   3,933         +  67,528 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,389         +       3         +     970 
Surplus                                                           8,478         +     130         +   1,201 
Other capital accounts                                              528         +     102         +     114 
      Total capital                                              17,395         +     234         +   2,284 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4 Cash value of agreements, which are collatealized by U.S. Treasury and federal agency securites.
5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
6 Cash value of agreements, which are collateralized by U.S. Treasury securities.
7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of
foreign exchange commitments.
 

 

 

3. Maturity Distribution of Loans and Securities, January 15, 2003
Millions of dollars
Maturity Loans U.S. Treasury
securities (1)
Federal agency
securities
Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Holding Weekly
changes
Holdings Week
change
Within 15 days               6        43,631    +   1,192             0            0        27,000        17,813
16 days to 90 days           9       136,918    -   1,595             0            0         3,000             0
91 days to 1 year            0       142,959    +     402            10            0      ------       ------   
Over 1 to 5 years     ------         174,818    +   2,060             0            0      ------       ------   
Over 5 to 10 years    ------          51,240    -   2,060             0            0      ------       ------   
Over 10 years         ------          79,840            0             0            0      ------       ------   
           
All                         15       629,406            0            10            0        30,000       17,813 
 
Note: Components may not sum to totals because of rounding.
--- Not applicable.
 

1 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face
value of such securities.
2 Cash value of agreements classified by remaining maturity of the agreements.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on January 15, 2003
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,039         533       4,364         430         522         819         926       1,080         346         179         309         485       1,046 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,043          47          37          60          46         155         108         141          64          37          70         168         111 
Securities, repurchase agreements,                                 
      and loans                              659,431      36,062     277,651      24,203      34,728      49,090      44,817      74,076      22,382       9,842      18,606      13,969      54,005 
   Securities held outright                  629,416      36,062     247,651      24,203      34,728      49,090      44,817      74,070      22,381       9,839      18,606      13,969      54,001 
      U.S. Treasury (1)                      629,406      36,062     247,647      24,202      34,727      49,089      44,816      74,069      22,380       9,839      18,605      13,969      54,001 
         Bills (2)                           226,682      12,988      89,191       8,717      12,507      17,680      16,141      26,676       8,060       3,544       6,701       5,031      19,448 
         Notes and bonds(3)                  402,724      23,074     158,456      15,486      22,220      31,410      28,676      47,393      14,320       6,296      11,904       8,938      34,552 
         Federal agency (2)                       10           1           4           0           1           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                30,000           0      30,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       15           0           1           0           0           0           0           7           1           2           0           0           4 
Items in process of collection                 9,406         487         678         435         387         636         727         859         535         764         719         419       2,760 
Bank premises                                  1,542          92         185          50         152         129         279         116          44         127          50         141         176 
Other assets(5)                               37,688       1,975      13,001       1,239       2,565       5,662       2,540       3,883         990         646         981         826       3,380 
Interdistrict settlement account                   0     - 7,497     +34,354     - 5,303     - 6,378     - 2,092     - 4,873     -15,372     - 4,080     + 3,684     - 2,449     +13,559     - 3,552 
          Total Assets                       722,349      31,814     331,144      21,196      32,125      54,546      44,691      64,995      20,353      15,308      18,351      29,664      58,160 
 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face
value of such securities.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
 

 

 

 

4. Statement of Condition of Each Federal Reserve Bank on January 15, 2003
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding             758,031      32,894     330,237      25,383      32,432      54,209      58,467      63,710      21,858      15,020      20,319      36,590      66,912 
  Less: notes held by F.R. Banks              115,143       4,826      25,355       7,976       4,899       9,684      18,627       8,333       3,556       1,895       4,318       9,096      16,579 
    Federal Reserve notes, net                642,887      28,068     304,883      17,408      27,533      44,525      39,840      55,377      18,301      13,125      16,001      27,494      50,333 
Reverse repurchase agreements (1)              17,813       1,021       7,009         685         983       1,389       1,268       2,096         633         278         527         395       1,528 
Deposits                                       32,648       1,059      13,741       1,931       1,537       3,552       1,517       4,726         506         457         876         849       1,898 
  Depository institutions                      26,991       1,056       8,183       1,930       1,532       3,479       1,514       4,722         504         456         874         847       1,894 
  U.S. Treasury, general account                5,192           0       5,192           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                253           2         229           1           3           7           2           3           1           1           1           1           3 
  Other                                           213           1         138           0           3          66           1           0           1           0           1           1           1 
Deferred availability cash items                9,370         624       1,006         584         494         596         891         779         394         683         441         456       2,421 
Other liabilities and accrued                                                 
  dividends (2)                                 2,235         139         678         100         121         239         180         233         100          76          93          88         187 
                                                                    
    Total liabilities                         704,953      30,911     327,317      20,707      30,668      50,301      43,697      63,210      19,934      14,620      17,938      29,283      56,368 
                                                                    
Capital                                                             
Capital paid in                                 8,389         436       1,809         234         707       2,073         475         859         200         340         201         186         868 
Surplus                                         8,478         436       1,809         233         702       2,171         475         858         199         340         201         186         868 
Other capital                                     528          31         210          22          48           0          44          69          19           9          12           9          56 
     Total liabilities and capital            722,349      31,814     331,144      21,196      32,125      54,546      44,691      64,995      20,353      15,308      18,351      29,664      58,160 
Note: Components may not sum to totals because of rounding.
 

1 Cash value of agreements, which are collateralized by U.S. Treasury securities.
2 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.
 

 

5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jan 15, 2003
Federal Reserve notes, net of F.R.        
 Bank holdings                             642,887  
Collateral held against Federal Reserve             
   notes                                   642,887  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           629,649  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      659,416  
   Less:face value of securities under    
         reverse repurchase agreements      17,818  
      U.S. Treasury and agency securitie  
             eligible to be pledged        641,598  
Note: Components may not sum to totals because of rounding.
 

1 Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face
value of inflation-indexed securities, and cash value of repurchase agreements.

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