Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: February 20, 2003
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FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          February 20, 2003
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at           Feb 19, 2003 Feb 12, 2003 Feb 20, 2002 Feb 19, 2003
Federal Reserve Banks

Reserve Bank Credit                                         701,756    +  10,353    +  65,319      706,853
 Securities held outright                                   631,009    +   1,058    +  65,115      631,273       
    U.S. Treasury (1)                                       630,999    +   1,058    +  65,115      631,263
       Bills (2)                                            227,294    +     353    +  37,902      227,561
       Notes and bonds, nominal (2)                         390,217    +     713    +  24,828      390,217
       Notes and bonds, inflation-indexed (2)                12,242            0    +   2,056       12,242
       Inflation compensation (3)                             1,245    -       8    +     327        1,242
    Federal agency (2)                                           10            0            0           10      
 Repurchase agreements(4)                                    30,067    +  10,782    -   4,683       34,496
 Loans to depository institutions                                19    -      12    +       1           17
    Primary credit                                               14    -      14    +      14           13
    Secondary credit                                              0            0            0            0
    Seasonal credit                                               5    +       2    -      11            4
    Adjustment credit                                             0            0    -       2            0
 Float                                                          822    -     881    +     880        3,830
 Other Federal Reserve assets                                39,838    -     596    +   4,005       37,237
Gold stock                                                   11,043            0    -       1       11,043
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            34,695    +      14    +   1,185       34,695
       
Total factors supplying reserve funds                       749,694    +  10,366    +  66,503      754,791
                                                                   
Currency in circulation(5)                                  682,868    +   4,357    +  44,028      684,264
Reverse repurchase agreements (6)                            17,925    -   1,024    +  17,925       17,850
   Foreign official and international accounts               17,925    +      47    +  17,925       17,850
   Dealers                                                        0    -   1,071            0            0
Treasury cash holdings                                          358    +       2    -      49          348
Deposits with F.R.Banks, other than reserve balances         16,157    +     203    +   1,464       15,553       
  U.S. Treasury, general account                              5,048    +     367    +     156        4,407
  Foreign official                                              132    +      17    -       4          134
  Service-related                                            10,730    -     188    +   1,285       10,730
     Required clearing balances                              10,315    -       2    +   1,502       10,315
     Adjustments to compensate for float                        415    -     186    -     217          415
  Other                                                         247    +       8    +      28          281
Other liabilities and capital                                19,659    +     209    +   1,868       19,665

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  736,967    +   3,747    +  65,236      737,681

Reserve balances with Federal Reserve Banks                  12,728    +   6,620    +   1,267       17,111
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)           874,595    +   4,684     ------        878,685
     U.S. Treasury                                          700,321    +   2,502     ------        706,434
     Federal agency                                         174,274    +   2,182     ------        172,250
  Securities lent to dealers                                    324    -     663    -     462          242   


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
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Feb 19, 2003     Feb 12, 2003     Feb 20, 2002

Assets
Gold certificate account                                        11,039                0        -       5
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,123        -      19        -      26
Securities, repurchase agreements, and loans                   665,786        +  14,079        +  63,190
   Securities held outright                                    631,273        +     316        +  64,441
      U.S. Treasury (1)                                        631,263        +     316        +  64,441       
         Bills (2)                                             227,561        +     323        +  37,929
         Notes and bonds, nominal (2)                          390,217                0        +  24,125
         Notes and bonds, inflation-indexed (2)                 12,242                0        +   2,056
         Inflation compensation (3)                              1,242        -       8        +     330
      Federal agency (2)                                            10                0                0
   Repurchase agreements (4)                                    34,496        +  13,750        -   1,253    
   Loans                                                            17        +      13        +       2
Items in process of collection                    (1,153)       14,167        +   6,338        +     180
Bank premises                                                    1,557        +      16        +      46
Other assets (5)                                                35,548        -   3,285        +   1,551
      Total assets                                (1,153)      731,420        +  17,128        +  64,935
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  651,036        +   2,953        +  43,194
Reverse repurchase agreements (6)                               17,850        +     246        +  17,850
Deposits                                              (0)       32,828        +  11,263        +   2,972       
  Depository institutions                                       28,006        +  10,299        +   3,418
  U.S. Treasury, general account                                 4,407        +     880        -     539
  Foreign official                                                 134        +      31        +      53
  Other                                               (0)          281        +      53        +      40
Deferred availability cash items                  (1,153)       10,040        +   2,265        -   1,247
Other liabilities and accrued dividends (7)                      2,249        -      28        -      87
      Total liabilities                           (1,153)      714,004        +  16,700        +  62,685
                          
Capital Accounts
Capital paid in                                                  8,434        +      30        +     994
Surplus                                                          8,380        +      23        +   1,111
Other capital accounts                                             603        +     376        +     146
      Total capital                                             17,416        +     428        +   2,251


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,  February 19, 2003
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
Within 15 days              17       46,317   +   1,810            0           0       30,496       17,850
16 days to 90 days           0      131,154   -   5,483            0           0        4,000            0
91 days to 1 year            0      145,010   +   2,230           10           0     ------      ------
Over 1 to 5 years     ------        177,990   +   2,158            0           0     ------      ------
Over 5 to 10 years    ------         50,961   -     395            0           0     ------      ------
Over 10 years         ------         79,831   -       3            0           0     ------      ------
                   		 	
All                         17      631,263   +     316           10           0       34,496      17,850

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  February 19, 2003
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   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                                           1,123         54         38         68         52        160        117        148         65         41         75        177        127
Securities, repurchase agreements,
      and loans                              665,786     36,169    282,887     24,274     34,830     49,235     44,949     74,288     22,447      9,872     18,661     14,010     54,164
   Securities held outright                  631,273     36,169    248,381     24,274     34,830     49,235     44,949     74,288     22,447      9,868     18,660     14,010     54,161
      U.S. Treasury (1)                      631,263     36,168    248,377     24,274     34,830     49,234     44,948     74,287     22,446      9,868     18,660     14,010     54,160
         Bills (2)                           227,561     13,038     89,536      8,750     12,556     17,748     16,203     26,779      8,092      3,557      6,727      5,050     19,524
         Notes and bonds(3)                  403,702     23,130    158,841     15,523     22,274     31,486     28,745     47,508     14,355      6,311     11,933      8,960     34,636
         Federal agency (2)                       10          1          4          0          1          1          1          1          0          0          0          0          1
      Repurchase agreements(4)                34,496          0     34,496          0          0          0          0          0          0          0          0          0          0
      Loans                                       17          0         10          0          0          0          0          0          0          3          0          0          3
Items in process of collection                15,321        747        978        713      1,015      1,409      1,758      1,628        814        957      1,045        796      3,461
Bank premises                                  1,557         92        186         50        152        144        279        116         44        127         50        142        176
Other assets(5)                               35,548      1,766     12,324      1,083      2,330      5,646      2,145      3,527        969        963        887        778      3,129
Interdistrict settlement account                   0    - 3,993    +30,520    - 7,084    - 6,315    - 1,958    - 4,181    -17,643    - 3,719    + 3,802    - 1,593    +13,926    - 1,762
          Total Assets                       732,574     35,483    332,170     19,617     32,691     55,602     46,159     63,356     21,038     15,971     19,500     30,414     60,574

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  February 19, 2003
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             762,147     32,822    334,983     24,966     32,287     53,854     58,116     63,414     21,907     15,020     21,416     36,009     67,353
  Less: notes held by F.R. Banks              111,111      4,866     27,201      7,583      4,654      8,631     17,977      7,823      3,235      1,785      4,279      7,742     15,334
    Federal Reserve notes, net                651,036     27,956    307,782     17,382     27,633     45,223     40,139     55,591     18,672     13,235     17,137     28,267     52,019
Reverse repurchase agreements (1)              17,850      1,023      7,023        686        985      1,392      1,271      2,101        635        279        528        396      1,531
Deposits                                       32,828      4,810     11,916        513      1,811      3,858      2,282      2,551        865        884        751        626      1,962
  Depository institutions                      28,006      4,805      7,241        512      1,807      3,742      2,280      2,547        858        883        749        625      1,958
  U.S. Treasury, general account                4,407          0      4,407          0          0          0          0          0          0          0          0          0          0
  Foreign official                                134          2        111          1          3          7          2          3          1          1          1          1          3
  Other                                           281          4        158          0          2        108          0          1          7          0          1          0          0
Deferred availability cash items               11,193        649        885        445        696        678      1,297      1,085        346        803        571        649      3,091
Other liabilities and accrued                 
  dividends (2)                                 2,249        136        680        101        127        240        183        241        101         81         90         86        184
   
    Total liabilities                         715,157     34,574    328,287     19,128     31,252     51,391     45,171     61,569     20,618     15,281     19,076     30,024     58,786
                              
Capital                    
Capital paid in                                 8,434        437      1,854        234        692      2,080        475        861        200        341        204        188        868
Surplus                                         8,380        436      1,809        233        702      2,073        475        858        199        340        201        186        868
Other capital                                     603         35        221         23         44         58         37         69         20          9         19         15         53
     Total liabilities and capital            732,574     35,483    332,170     19,617     32,691     55,602     46,159     63,356     21,038     15,971     19,500     30,414     60,574
                              

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
                                          Feb 19, 2003
              
Federal Reserve notes, net of F.R. 
 Bank holdings                                651,036 
Collateral held against Federal Reserve            
   notes                                      651,036
   Gold certificate account                    11,039
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              637,798
   Other eligible assets                            0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         665,769
   Less:face value of securities under
         reverse repurchase agreements         17,856
      U.S. Treasury and agency securities
             eligible to be pledged           647,913
   

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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