Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  June 26, 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
June 26, 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
Jun 25, 2003
Week ended
Jun 25, 2003
Change from week ended
Jun 18, 2003 Jun 26, 2002
                                                              
Reserve Bank Credit                                         717,692     +   3,842     +  61,637       723,423 
 Securities held outright                                   651,960     +     177     +  60,262       652,003 
    U.S. Treasury (1)                                       651,950     +     177     +  60,262       651,993 
       Bills (2)                                            238,790     +     185     +  41,134       238,835 
       Notes and bonds, nominal (2)                         398,853             0     +  17,619       398,853 
       Notes and bonds, inflation-indexed (2)                12,814             0     +   1,212        12,814 
       Inflation compensation (3)                             1,493     -       8     +     297         1,491 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    26,321     +   3,142     +     500        32,000 
 Loans to depository institutions                               407     +     333     +     240            95 
    Primary credit                                              322     +     319     +     322             3 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              84     +      13     -      78            92 
    Adjustment credit                                             0             0     -       5             0 
 Float                                                          18    +      18    +     168          319 
 Other Federal Reserve assets                                38,986     +     171     +     468        39,006 
Gold stock                                                   11,044             0             0        11,044 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            34,966     +      14     +   1,002        34,966 
                                                              
Total factors supplying reserve funds                       765,902     +   3,856     +  62,640       771,633 
                                                                          
Currency in circulation(5)                                  691,070     -     402     +  35,634       692,633 
Reverse repurchase agreements (6)                            22,714     +   1,250     +  22,714        21,592 
   Foreign official and international accounts               21,036     -     106     +  21,036        21,592 
   Dealers                                                    1,679     +   1,358     +   1,679             0 
Treasury cash holdings                                          368     -      11     -      29           365 
Deposits with F.R.Banks, other than reserve balances         18,637     +      82     +   1,031        16,988 
  U.S. Treasury, general account                              7,199     +      52     +     236         5,306 
  Foreign official                                              162     +      74     +      58           404 
  Service-related                                            11,057     -      31     +     754        11,057 
     Required clearing balances                              10,830             0     +     913        10,830 
     Adjustments to compensate for float                        226     -      32     -     160           226 
  Other                                                         220     -      12     -      17           220 
Other liabilities and capital                                20,106     -     216     -     147        20,021 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  752,895     +     703     +  59,203       751,598 
                                                              
Reserve balances with Federal Reserve Banks                  13,008     +   3,153     +   3,437        20,035 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           933,179     -   2,721      ------         931,901 
     U.S. Treasury                                          749,730     -     408      ------         748,986 
     Federal agency                                         183,450     -   2,312      ------         182,915 
  Securities lent to dealers                                  1,357     +     732     -     138         1,497 
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
Jun 25, 2003
Wednesday
Jun 18, 2003
Wednesday
Jun 26, 2002
Assets                                               
Gold certificate account                                         11,040                 0         -       4 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                941         +       4         +      10 
Securities, repurchase agreements, and loans                    684,099         +   9,082         +  57,269 
   Securities held outright                                     652,003         +      71         +  59,603 
      U.S. Treasury (1)                                         651,993         +      71         +  59,603 
         Bills (2)                                              238,835         +      79         +  40,485 
         Notes and bonds, nominal (2)                           398,853                 0         +  17,619 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +   1,212 
         Inflation compensation (3)                               1,491         -       7         +     287 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     32,000         +   9,000         -   2,250 
   Loans                                                             95         +       9         -      85 
Items in process of collection                    (1,248)         7,461         -   1,371         +     223 
Bank premises                                                     1,582         +       2         +      64 
Other assets (5)                                                 37,607         +     364         +     208 
      Total assets                                (1,248)       744,931         +   8,081         +  57,771 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  658,969         +     164         +  33,574 
Reverse repurchase agreements (6)                                21,592         -   1,309         +  21,592 
Deposits                                              (0)        36,986         +   9,775         +   2,450 
  Depository institutions                                        31,055         +  12,255         +   4,452 
  U.S. Treasury, general account                                  5,306         -   2,780         -   2,314 
  Foreign official                                                  404         +     308         +     330 
  Other                                               (0)           220         -       9         -      19 
Deferred availability cash items                  (1,248)         7,363         -     633         +     264 
Other liabilities and accrued dividends (7)                       2,382         +      56         -     201 
      Total liabilities                           (1,248)       727,292         +   8,053         +  57,678 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,657                 0         +     327 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                              601         +      27         -   1,304 
      Total capital                                              17,639         +      28         +      93 
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, June 25, 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              85        49,024    -   1,980             0            0        29,000        21,592
16 days to 90 days          10       139,395    +   1,823             0            0         3,000             0
91 days to 1 year            0       156,748    +     235            10            0      ------       ------   
Over 1 to 5 years     ------         180,187    -       2             0            0      ------       ------   
Over 5 to 10 years    ------          46,663    -       2             0            0      ------       ------   
Over 10 years         ------          79,976    -       3             0            0      ------       ------   
           
All                         95       651,993    +      71            10            0        32,000       21,592 
 
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 June 25, 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                      11,040         495       4,707         380         477         808         863         982         331         224         303         507         963 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             941          44          32          60          42         119         107         115          56          37          66         152         111 
Securities, repurchase agreements,                                 
      and loans                              684,099      31,523     310,948      20,385      30,551      50,142      44,054      65,901      20,526      14,593      17,532      25,554      52,390 
   Securities held outright                  652,003      31,521     278,948      20,384      30,551      50,141      44,047      65,885      20,513      14,554      17,522      25,552      52,385 
      U.S. Treasury (1)                      651,993      31,521     278,944      20,384      30,551      50,140      44,046      65,884      20,513      14,553      17,522      25,551      52,384 
         Bills (2)                           238,835      11,547     102,181       7,467      11,191      18,367      16,135      24,134       7,514       5,331       6,419       9,360      19,189 
         Notes and bonds(3)                  413,158      19,974     176,762      12,917      19,360      31,773      27,911      41,750      12,998       9,222      11,103      16,192      33,195 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                32,000           0      32,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                       95           2           0           0           0           1           8          16          13          40           9           3           5 
Items in process of collection                 8,709         423         690         355         478         616         674         825         354         858         619         336       2,482 
Bank premises                                  1,582          91         185          52         152         143         279         118          43         126          52         165         176 
Other assets(5)                               37,607       1,734      13,542       1,115       2,341       5,930       2,184       3,493         965       1,119         895       1,073       3,216 
Interdistrict settlement account                   0     - 2,059     + 9,932     - 2,117     - 2,411     - 1,051     -   541     - 7,668     -   958     -   185     -    69     + 3,111     + 4,016 
          Total Assets                       746,178      32,366     340,910      20,312      31,734      56,854      47,786      63,977      21,387      16,802      19,464      30,997      63,588 
 
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 June 25, 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             765,633      31,651     332,011      24,205      30,949      57,066      62,073      63,844      23,009      15,231      21,366      35,123      69,105 
  Less: notes held by F.R. Banks              106,664       4,406      23,753       7,397       4,324       8,830      19,685       7,457       3,983       1,517       4,386       6,883      14,041 
    Federal Reserve notes, net                658,969      27,246     308,258      16,808      26,625      48,235      42,387      56,387      19,026      13,714      16,979      28,240      55,064 
Reverse repurchase agreements (1)              21,592       1,044       9,238         675       1,012       1,660       1,459       2,182         679         482         580         846       1,735 
Deposits                                       36,986       2,514      17,862       1,674       1,933       1,897       1,880       2,608         826       1,361         925       1,005       2,502 
  Depository institutions                      31,055       2,512      12,022       1,673       1,929       1,829       1,878       2,604         823       1,359         923       1,004       2,499 
  U.S. Treasury, general account                5,306           0       5,306           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                404           2         380           1           3           7           2           3           1           1           1           1           3 
  Other                                           220           0         153           0           1          60           0           1           2           0           1           0           0 
Deferred availability cash items                8,611         521         872         547         609         581         900         765         293         453         494         405       2,170 
Other liabilities and accrued                                                 
  dividends (2)                                 2,382         134         721          95         137         287         195         232         101          92          89         110         188 
                                                                    
    Total liabilities                         728,540      31,459     336,950      19,799      30,315      52,661      46,821      62,174      20,926      16,102      19,068      30,606      61,659 
                                                                    
Capital                                                             
Capital paid in                                 8,657         446       1,899         252         704       2,090         477         884         228         347         191         190         950 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     601          25         252          29          12          30          13          62          35          13           5          15         111 
     Total liabilities and capital            746,178      32,366     340,910      20,312      31,734      56,854      47,786      63,977      21,387      16,802      19,464      30,997      63,588 
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
Jun 25, 2003
Federal Reserve notes outstanding          765,633  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   102,310  
      Federal Reserve Notes to be         
         collateralized                    663,323  
Collateral held against Federal Reserve             
   notes                                   663,323  
   Gold certificate account                 11,040  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           650,083  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      684,003  
   Less:face value of securities under    
         reverse repurchase agreements      21,597  
      U.S. Treasury and agency securities  
             eligible to be pledged        662,406  
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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