Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  August 21, 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
August 21, 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
Aug 20, 2003
Week ended
Aug 20, 2003
Change from week ended
Aug 13, 2003 Aug 21, 2002
                                                              
Reserve Bank Credit                                         726,540     +  14,715     +  67,907       730,577 
 Securities held outright                                   653,446     +     374     +  51,297       653,526 
    U.S. Treasury (1)                                       653,436     +     374     +  51,297       653,516 
       Bills (2)                                            240,298     +     371     +  37,279       240,376 
       Notes and bonds, nominal (2)                         398,853             0     +  13,129       398,853 
       Notes and bonds, inflation-indexed (2)                12,814             0     +     572        12,814 
       Inflation compensation (3)                             1,471     +       4     +     316         1,472 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    34,071     +  16,392     +  14,571        39,500 
 Loans to depository institutions                               937     +     792     +     744           262 
    Primary credit                                              719     +     712     +     719           105 
    Secondary credit                                             66     +      66     +      66             0 
    Seasonal credit                                             152     +      14     -      39           157 
    Adjustment credit                                             0             0     -       2             0 
 Float                                                         843    +     247    +   1,151          501 
 Other Federal Reserve assets                                37,243     -   3,091     +     144        36,789 
Gold stock                                                   11,043             0     +       1        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,163     +      14     +   1,016        35,163 
                                                              
Total factors supplying reserve funds                       774,947     +  14,730     +  68,925       778,984 
                                                                          
Currency in circulation(5)                                  694,700     -     270     +  34,299       695,659 
Reverse repurchase agreements (6)                            20,106     +     543     +  20,106        20,344 
   Foreign official and international accounts               20,106     +     543     +  20,106        20,344 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          355     -      14     -      16           338 
Deposits with F.R.Banks, other than reserve balances         17,518     +     313     +   2,630        18,247 
  U.S. Treasury, general account                              5,644     +      33     +   1,257         6,533 
  Foreign official                                              238     +      89     +     109            81 
  Service-related                                            11,331     +     173     +   1,170        11,331 
     Required clearing balances                              10,912     -       1     +     992        10,912 
     Adjustments to compensate for float                        419     +     174     +     178           419 
  Other                                                         304     +      17     +      93           301 
Other liabilities and capital                                20,304     +     114     +     603        19,884 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  752,983     +     685     +  57,621       754,472 
                                                              
Reserve balances with Federal Reserve Banks                  21,963     +  14,043     +  11,302        24,512 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           946,182     +   6,398      ------         945,863 
     U.S. Treasury                                          760,488     +   6,951      ------         759,937 
     Federal agency                                         185,695     -     551      ------         185,925 
  Securities lent to dealers                                  4,232     +   2,101     +   3,452         2,196 
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
Aug 20, 2003
Wednesday
Aug 13, 2003
Wednesday
Aug 21, 2002
Assets                                               
Gold certificate account                                         11,039                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                897         +       9         -     120 
Securities, repurchase agreements, and loans                    693,288         +  20,837         +  64,905 
   Securities held outright                                     653,526         +     238         +  50,597 
      U.S. Treasury (1)                                         653,516         +     238         +  50,597 
         Bills (2)                                              240,376         +     234         +  37,237 
         Notes and bonds, nominal (2)                           398,853                 0         +  12,471 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +     572 
         Inflation compensation (3)                               1,472         +       3         +     316 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     39,500         +  20,500         +  14,250 
   Loans                                                            262         +      98         +      58 
Items in process of collection                    (1,167)         7,556         -   1,728         +     565 
Bank premises                                                     1,590         +       3         +      68 
Other assets (5)                                                 35,154         -   3,651         -     583 
      Total assets                                (1,167)       751,724         +  15,469         +  64,836 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  661,727         -     287         +  33,540 
Reverse repurchase agreements (6)                                20,344         +   1,206         +  20,344 
Deposits                                              (0)        42,103         +  14,888         +   9,910 
  Depository institutions                                        35,188         +  14,498         +   7,915 
  U.S. Treasury, general account                                  6,533         +     813         +   1,904 
  Foreign official                                                   81         -     444         -       8 
  Other                                               (0)           301         +      20         +      99 
Deferred availability cash items                  (1,167)         7,667         -     177         +     365 
Other liabilities and accrued dividends (7)                       2,162         +       3         -     226 
      Total liabilities                           (1,167)       734,003         +  15,633         +  63,932 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,725         +       1         +     422 
Surplus                                                           8,380                 0         +   1,068 
Other capital accounts                                              617         -     163         -     586 
      Total capital                                              17,722         -     162         +     905 
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, August 20, 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             261        49,409    -   2,742             0            0        32,500        20,344
16 days to 90 days           1       135,851    -     733             0            0         7,000             0
91 days to 1 year            0       160,914    -   1,151            10            0      ------       ------   
Over 1 to 5 years     ------         180,032    +   2,347             0            0      ------       ------   
Over 5 to 10 years    ------          50,383    +   5,558             0            0      ------       ------   
Over 10 years         ------          76,928    -   3,039             0            0      ------       ------   
           
All                        262       653,516    +     238            10            0        39,500       20,344 
 
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 August 20, 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         495       4,706         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                                             897          32          33          48          42         112         113         114          61          32          58         155          98 
Securities, repurchase agreements,                                 
      and loans                              693,288      31,597     319,199      20,432      30,623      50,258      44,163      66,076      20,584      14,645      17,583      25,613      52,515 
   Securities held outright                  653,526      31,595     279,599      20,432      30,623      50,258      44,150      66,039      20,561      14,588      17,563      25,611      52,507 
      U.S. Treasury (1)                      653,516      31,595     279,595      20,432      30,622      50,257      44,149      66,038      20,560      14,587      17,563      25,611      52,506 
         Bills (2)                           240,376      11,621     102,841       7,515      11,263      18,486      16,239      24,290       7,563       5,366       6,460       9,420      19,313 
         Notes and bonds(3)                  413,140      19,973     176,754      12,916      19,359      31,772      27,910      41,748      12,998       9,222      11,103      16,191      33,193 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                39,500           0      39,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                      262           2         100           0           0           0          13          37          23          57          20           2           8 
Items in process of collection                 8,723         403         693         423         363         646         774       1,069         340         453         549         420       2,590 
Bank premises                                  1,590          91         186          52         152         143         278         119          43         126          54         170         176 
Other assets(5)                               35,154       1,620      12,618         970       2,208       5,679       2,019       3,249         898       1,059         835         988       3,011 
Interdistrict settlement account                   0     - 1,460     + 3,703     - 1,377     - 2,072     + 1,273     + 1,003     - 6,213     - 1,045     +   371     -   615     + 2,560     + 3,871 
          Total Assets                       752,891      32,893     342,012      21,011      31,897      59,065      49,379      65,609      21,282      16,939      18,834      30,513      63,457 
 
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 August 20, 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             779,566      31,508     332,447      26,450      31,897      58,618      64,542      67,105      23,531      15,658      21,531      35,480      70,798 
  Less: notes held by F.R. Banks              117,839       5,156      23,893       8,009       5,648      10,689      20,434       9,720       4,720       1,603       4,925       7,591      15,452 
    Federal Reserve notes, net                661,727      26,353     308,554      18,440      26,249      47,930      44,108      57,385      18,811      14,055      16,606      27,889      55,346 
Reverse repurchase agreements (1)              20,344         984       8,704         636         953       1,565       1,374       2,056         640         454         547         797       1,635 
Deposits                                       42,103       4,014      18,996         748       2,733       4,565       1,801       3,379         952       1,098         722         879       2,216 
  Depository institutions                      35,188       3,987      12,252         747       2,730       4,445       1,799       3,375         946       1,097         720         878       2,212 
  U.S. Treasury, general account                6,533           0       6,533           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 81           2          57           1           3           7           2           3           1           1           1           1           3 
  Other                                           301          26         153           0           1         112           0           0           6           0           1           1           0 
Deferred availability cash items                8,834         514       1,035         582         422         600         948         716         316         549         474         458       2,219 
Other liabilities and accrued                                                 
  dividends (2)                                 2,162         126         675          91         115         219         175         219          95          85          86         110         165 
                                                                    
    Total liabilities                         735,170      31,990     337,964      20,497      30,473      54,878      48,407      63,755      20,815      16,241      18,435      30,133      61,581 
                                                                    
Capital                                                             
Capital paid in                                 8,725         446       1,952         253         710       2,089         477         915         228         348         193         183         931 
Surplus                                         8,380         436       1,809         233         702       2,073         475         858         199         340         201         186         868 
Other capital                                     617          21         288          29          11          25          20          81          40          10           6          10          77 
     Total liabilities and capital            752,891      32,893     342,012      21,011      31,897      59,065      49,379      65,609      21,282      16,939      18,834      30,513      63,457 
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
Aug 20, 2003
Federal Reserve notes outstanding          779,566  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   113,140  
      Federal Reserve Notes to be         
         collateralized                    666,426  
Collateral held against Federal Reserve             
   notes                                   666,426  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           653,187  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      693,026  
   Less:face value of securities under    
         reverse repurchase agreements      20,349  
      U.S. Treasury and agency securities  
             eligible to be pledged        672,677  
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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