Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  April 08, 2004
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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
April 8, 2004
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
Apr 7, 2004
Week ended
Apr 7, 2004
Change from week ended
Mar 31, 2004 Apr 9, 2003
                                                              
Reserve Bank Credit                                         733,554     -   4,184     +  29,147       734,127 
 Securities held outright                                   674,201     +     164     +  30,261       674,294 
    U.S. Treasury (1)                                       674,201     +     164     +  30,271       674,294 
       Bills (2)                                            246,644     +     145     +  11,599       246,729 
       Notes and bonds, nominal (2)                         411,388             0     +  16,663       411,388 
       Notes and bonds, inflation-indexed (2)                14,464             0     +   1,650        14,464 
       Inflation compensation (3)                             1,705     +      19     +     360         1,713 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    19,571     -   4,786     -   2,322        19,750 
 Loans to depository institutions                                73     +      25     +      44            79 
    Primary credit                                               36     +      25     +      23            33 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                              37     +       1     +      21            47 
 Float                                                         -497     +     226     -     439          -340 
 Other Federal Reserve assets                               40,205    +     186    +   1,602       40,344 
Gold stock                                                   11,045             0     +       2        11,045 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,671     +      14     +     850        35,671 
                                                              
Total factors supplying reserve funds                       782,471     -   4,169     +  30,000       783,043 
                                                                          
Currency in circulation(5)                                  716,143     +   1,859     +  29,169       718,264 
Reverse repurchase agreements (6)                            19,399     -   1,059     -   1,254        19,072 
   Foreign official and international accounts               19,399     -   1,059     -     932        19,072 
   Dealers                                                        0             0     -     321             0 
Treasury cash holdings                                          363     +      13     +      10           346 
Deposits with F.R.Banks, other than reserve balances         16,019     +      36     -   2,651        15,563 
  U.S. Treasury, general account                              5,010     -     236     -   1,518         4,561 
  Foreign official                                               93     +       9     -      25            96 
  Service-related                                            10,568     +     155     -   1,176        10,568 
     Required clearing balances                              10,562     +     152     -     258        10,562 
     Adjustments to compensate for float                          5     +       2     -     918             5 
  Other                                                         348     +     107     +      67           338 
Other liabilities and capital                                20,831     -      72     +     971        20,527 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  772,755     +     776     +  26,245       773,773 
                                                              
Reserve balances with Federal Reserve Banks                   9,715     -   4,946     +   3,755         9,270 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,176,054     +  16,741     + 277,488     1,179,325 
     U.S. Treasury                                          941,640     +  16,254     + 221,058       946,587 
     Federal agency                                         234,415     +     488     +  56,431       232,738 
  Securities lent to dealers                                  1,944     +   1,049     +   1,628         2,109 
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 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
Apr 7, 2004
Wednesday
Mar 31, 2004
Wednesday
Apr 9, 2003
Assets                                               
Gold certificate account                                         11,041                 0         +       3 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                844         +       8         -     234 
Securities, repurchase agreements, and loans                    694,123         -   7,525         +  27,756 
   Securities held outright                                     674,294         +     210         +  29,210 
      U.S. Treasury (1)                                         674,294         +     210         +  29,220 
         Bills (2)                                              246,729         +     190         +  11,179 
         Notes and bonds, nominal (2)                           411,388                 0         +  16,034 
         Notes and bonds, inflation-indexed (2)                    14,464                 0         +   1,650 
         Inflation compensation (3)                               1,713         +      21         +     358 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     19,750         -   7,750         -   1,500 
   Loans                                                             79         +      15         +      46 
Items in process of collection                      (786)         6,360         +     647         -   2,683 
Bank premises                                                     1,658         -       5         +     100 
Other assets (5)                                                 38,734         +     228         +   1,238 
      Total assets                                  (786)       754,960         -   6,646         +  26,180 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  683,778         +   2,204         +  28,674 
Reverse repurchase agreements (6)                                19,072         -   2,629         -   1,219 
Deposits                                              (0)        24,882         -   6,271         -     427 
  Depository institutions                                        19,886         -   5,069         +   1,828 
  U.S. Treasury, general account                                  4,561         -   1,323         -   2,311 
  Foreign official                                                   96         +      13         -       6 
  Other                                               (0)           338         +     107         +      61 
Deferred availability cash items                    (786)         6,700         +     402         -   1,760 
Other liabilities and accrued dividends (7)                       2,233         +      15         -      31 
      Total liabilities                             (786)       736,665         -   6,280         +  25,238 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,982         +       4         +     461 
Surplus                                                           8,847                 0         +     467 
Other capital accounts                                              466         -     370         +      14 
      Total capital                                              18,295         -     366         +     943 
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 collateralized 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, April 7, 2004
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              35        44,834    +   1,131             0            0        19,750        19,072
16 days to 90 days          44       156,195    +   6,835             0            0             0             0
91 days to 1 year            0       162,020    -   7,776             0            0      ------       ------   
Over 1 to 5 years     ------         183,799    +       8             0            0      ------       ------   
Over 5 to 10 years    ------          50,007    +       5             0            0      ------       ------   
Over 10 years         ------          77,440    +       8             0            0      ------       ------   
           
All                         79       674,294    +     210             0            0        19,750       19,072 
 
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 April 7, 2004
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                      11,041         494       4,651         382         452         819         894         924         325         218         302         525       1,055 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             844          41          36          51          40          78          85         111          66          30          48         149         108 
Securities, repurchase agreements,                                 
      and loans                              694,123      31,665     312,133      20,055      28,813      51,249      45,474      60,758      19,820      14,720      17,724      30,745      60,968 
   Securities held outright                  674,294      31,663     292,383      20,055      28,813      51,249      45,473      60,739      19,810      14,707      17,719      30,745      60,938 
      U.S. Treasury (1)                      674,294      31,663     292,383      20,055      28,813      51,249      45,473      60,739      19,810      14,707      17,719      30,745      60,938 
         Bills (2)                           246,729      11,586     106,985       7,338      10,543      18,752      16,639      22,225       7,249       5,381       6,484      11,250      22,298 
         Notes and bonds(3)                  427,565      20,077     185,398      12,717      18,270      32,497      28,834      38,514      12,561       9,326      11,236      19,495      38,640 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                19,750           0      19,750           0           0           0           0           0           0           0           0           0           0 
      Loans                                       79           2           0           0           0           0           1          19          10          13           5           0          30 
Items in process of collection                 7,145         440         498         489         208         400         835         351         415         358         453         332       2,365 
Bank premises                                  1,658          95         189          52         152         144         278         128          49         124          74         193         180 
Other assets(5)                               38,734       1,757      13,945       1,165       2,365       6,026       2,221       3,494       1,013       1,143         803         997       3,807 
Interdistrict settlement account                   0     + 3,186     -17,019     + 1,452     - 1,236     +   689     + 1,516     - 1,891     +   116     -   467     +   674     + 4,024     + 8,954 
          Total Assets                       755,745      37,794     315,308      23,730      30,897      59,554      51,469      64,087      21,875      16,156      20,143      37,062      77,671 
 
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 April 7, 2004
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             804,607      38,897     323,270      29,509      32,427      59,986      64,039      66,317      23,511      15,764      22,320      41,544      87,024 
  Less: notes held by F.R. Banks              120,828       4,837      31,933       8,352       5,195      10,732      17,374       8,369       3,603       1,484       4,173       6,938      17,837 
    Federal Reserve notes, net                683,778      34,060     291,337      21,157      27,231      49,254      46,665      57,948      19,908      14,280      18,147      34,605      69,187 
Reverse repurchase agreements (1)              19,072         896       8,270         567         815       1,450       1,286       1,718         560         416         501         870       1,724 
Deposits                                       24,882       1,166      10,009         884         901       3,902       1,420       1,802         636         422         686         803       2,251 
  Depository institutions                      19,886       1,162       5,207         883         899       3,732       1,418       1,798         633         421         684         802       2,247 
  U.S. Treasury, general account                4,561           0       4,561           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 96           2          73           1           2           7           2           3           1           1           1           0           4 
  Other                                           338           2         168           0           0         163           0           0           3           0           1           1           0 
Deferred availability cash items                7,485         620         668         479         352         555         928         557         200         340         407         417       1,960 
Other liabilities and accrued                                                 
  dividends (2)                                 2,233         126         702          91         118         234         185         211         102          81          83         118         184 
                                                                    
    Total liabilities                         737,451      36,867     310,986      23,178      29,418      55,394      50,483      62,235      21,407      15,539      19,824      36,814      75,306 
                                                                    
Capital                                                             
Capital paid in                                 8,982         462       2,105         275         739       2,057         485         909         232         265         151         120       1,183 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                     466          17         186          18          13          29          12          19           8           6           6          17         134 
     Total liabilities and capital            755,745      37,794     315,308      23,730      30,897      59,554      51,469      64,087      21,875      16,156      20,143      37,062      77,671 
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
Apr 7, 2004
Federal Reserve notes outstanding          804,607  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   120,828  
      Federal Reserve Notes to be         
         collateralized                    683,778  
Collateral held against Federal Reserve             
   notes                                   683,778  
   Gold certificate account                 11,041  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           670,538  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      694,044  
   Less:face value of securities under    
         reverse repurchase agreements      19,077  
      U.S. Treasury and agency securities  
             eligible to be pledged        674,966  
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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