Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: July 1, 2004
Release dates
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               July 1, 2004
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           Jun 30, 2004 Jun 23, 2004  Jul 2, 2003 Jun 30, 2004
Federal Reserve Banks

Reserve Bank Credit                                         752,257    +   3,822    +  32,780      760,868
 Securities held outright                                   687,099    +   2,056    +  34,937      687,391       
    U.S. Treasury (1)                                       687,099    +   2,056    +  34,947      687,391
       Bills (2)                                            254,008    +   2,044    +  15,010      254,295
       Notes and bonds, nominal (2)                         416,694            0    +  17,841      416,694
       Notes and bonds, inflation-indexed (2)                14,464            0    +   1,650       14,464
       Inflation compensation (3)                             1,932    +      12    +     446        1,936
    Federal agency (2)                                            0            0    -      10            0      
 Repurchase agreements(4)                                    25,250    +   1,000    -   3,464       33,500
 Loans to depository institutions                               222    +      25    +      34          323
    Primary credit                                               58    +       4    -      41          154
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             164    +      21    +      75          169
 Float                                                           -6    +     257    +     621          165
 Other Federal Reserve assets                                39,693    +     485    +     653       39,490
Gold stock                                                   11,045            0    +       1       11,045
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            35,954    +      14    +     889       35,954
       
Total factors supplying reserve funds                       801,456    +   3,836    +  33,670      810,066
                                                                   
Currency in circulation(5)                                  729,324    +   4,450    +  35,712      733,098
Reverse repurchase agreements (6)                            18,494    -     228    -   4,635       19,228
   Foreign official and international accounts               18,494    -     228    -   4,635       19,228
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          307    -       8    -      53          303
Deposits with F.R.Banks, other than reserve balances         17,176    -     479    -     706       17,400       
  U.S. Treasury, general account                              5,961    -   1,073    -     126        6,032
  Foreign official                                              118    +      15    -     294          280
  Service-related                                            10,862    +     569    -     274       10,862
     Required clearing balances                              10,862    +     569    +      24       10,862
     Adjustments to compensate for float                          0            0    -     297            0
  Other                                                         235    +      10    -      13          226
Other liabilities and capital                                21,925    +     218    +   1,880       21,198

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  787,226    +   3,954    +  32,198      791,228

Reserve balances with Federal Reserve Banks                  14,230    -     118    +   1,472       18,839
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,225,459    +   1,519    + 282,181    1,240,217
     U.S. Treasury                                          991,534    +   1,431    + 234,473    1,005,658
     Federal agency                                         233,925    +      88    +  47,708      234,559
  Securities lent to dealers                                  2,296    +   1,316    -   2,279        5,503   


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
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Jun 30, 2004     Jun 23, 2004      Jul 2, 2003

Assets
Gold certificate account                                        11,040        -       1        +       1
Special drawing rights certificate account                       2,200                0                0
Coin                                                               744        -      10        -     160
Securities, repurchase agreements, and loans                   721,213        +   3,871        +  42,759
   Securities held outright                                    687,391        +   2,214        +  35,028
      U.S. Treasury (1)                                        687,391        +   2,214        +  35,038       
         Bills (2)                                             254,295        +   2,201        +  15,094
         Notes and bonds, nominal (2)                          416,694                0        +  17,841
         Notes and bonds, inflation-indexed (2)                 14,464                0        +   1,650
         Inflation compensation (3)                              1,936        +      12        +     452
      Federal agency (2)                                             0                0        -      10
   Repurchase agreements (4)                                    33,500        +   1,500        +   7,500    
   Loans                                                           323        +     158        +     231
Items in process of collection                      (783)        5,961        +     401        -   3,496
Bank premises                                                    1,702        +      11        +     121
Other assets (5)                                                37,764        +      69        +     364
      Total assets                                  (783)      780,624        +   4,341        +  39,589
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  698,186        +   5,179        +  33,711
Reverse repurchase agreements (6)                               19,228        +   1,763        -   1,817
Deposits                                              (0)       36,166        -   2,003        +   9,744       
  Depository institutions                                       29,628        -   1,029        +   9,609
  U.S. Treasury, general account                                 6,032        -   1,170        +     325
  Foreign official                                                 280        +     198        -     196
  Other                                               (0)          226        -       1        +       6
Deferred availability cash items                    (783)        5,845        -     157        -   3,612
Other liabilities and accrued dividends (7)                      2,266        -     285        +     165
      Total liabilities                             (783)      761,692        +   4,498        +  38,192
                          
Capital Accounts
Capital paid in                                                  9,226        +       2        +     567
Surplus                                                          8,847                0        +     467
Other capital accounts                                             859        -     159        +     363
      Total capital                                             18,932        -     157        +   1,397


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,      June 30, 2004
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             276       47,329   -   7,359            0           0       33,500       19,228
16 days to 90 days          47      155,351   +   1,927            0           0            0            0
91 days to 1 year            0      168,585   +   7,050            0           0     ------      ------
Over 1 to 5 years     ------        187,803   +     588            0           0     ------      ------
Over 5 to 10 years    ------         51,586   +       3            0           0     ------      ------
Over 10 years         ------         76,737   +       5            0           0     ------      ------
                   		 	
All                        323      687,391   +   2,214            0           0       33,500      19,228

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 30, 2004
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                      11,040        494      4,650        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                                             744         27         31         40         36         66         79         86         57         22         46        143        110
Securities, repurchase agreements,
      and loans                              721,213     32,278    331,562     20,445     29,373     52,245     46,363     62,088     20,219     15,044     18,100     31,344     62,153
   Securities held outright                  687,391     32,278    298,062     20,445     29,372     52,245     46,356     61,919     20,195     14,993     18,063     31,342     62,122
      U.S. Treasury (1)                      687,391     32,278    298,062     20,445     29,372     52,245     46,356     61,919     20,195     14,993     18,063     31,342     62,122
         Bills (2)                           254,295     11,941    110,266      7,563     10,866     19,328     17,149     22,907      7,471      5,547      6,682     11,595     22,981
         Notes and bonds(3)                  433,095     20,337    187,796     12,881     18,506     32,917     29,207     39,013     12,724      9,446     11,381     19,747     39,140
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                33,500          0     33,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      323          0          0          0          1          0          7        169         24         52         36          3         31
Items in process of collection                 6,744        449        341        386        348        374        783        489        361        424        403        291      2,094
Bank premises                                  1,702         96        191         52        154        145        279        134         53        124         75        219        181
Other assets(5)                               37,764      1,708     13,606      1,130      2,309      5,911      2,151      3,408        978      1,114        779        969      3,701
Interdistrict settlement account                   0    + 2,943    -32,042    + 3,706    -   116    +   110    + 7,425    +   692    + 1,139    -   475    + 1,959    + 3,855    +10,804
          Total Assets                       781,407     38,110    319,214     26,224     32,660     59,817     58,140     68,034     23,203     16,500     21,730     37,444     80,331

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 30, 2004
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             815,194     37,572    317,788     31,520     33,774     61,152     70,544     67,757     24,328     15,486     23,597     41,987     89,690
  Less: notes held by F.R. Banks              117,008      3,910     29,536      8,358      5,547     10,762     18,048      7,416      3,128      1,128      4,377      7,067     17,731
    Federal Reserve notes, net                698,186     33,662    288,251     23,162     28,227     50,390     52,496     60,341     21,200     14,358     19,221     34,920     71,959
Reverse repurchase agreements (1)              19,228        903      8,338        572        822      1,461      1,297      1,732        565        419        505        877      1,738
Deposits                                       36,166      1,993     16,869      1,366      1,568      3,021      2,370      3,088        718        490      1,338        926      2,421
  Depository institutions                      29,628      1,981     10,427      1,365      1,565      2,957      2,368      3,084        714        489      1,336        925      2,417
  U.S. Treasury, general account                6,032          0      6,032          0          0          0          0          0          0          0          0          0          0
  Foreign official                                280          2        257          1          2          7          2          3          1          1          1          0          4
  Other                                           226         10        153          0          0         57          0          1          3          0          1          1          0
Deferred availability cash items                6,628        398        587        468        452        536        753        570        151        539        262        313      1,599
Other liabilities and accrued                 
  dividends (2)                                 2,266        124        745         90        112        223        183        213        103         77         86        133        177
   
    Total liabilities                         762,475     37,079    314,791     25,658     31,180     55,632     57,098     65,944     22,736     15,883     21,411     37,169     77,893
                              
Capital                    
Capital paid in                                 9,226        506      2,118        278        733      2,077        510      1,028        232        264        150        130      1,201
Surplus                                         8,847        448      2,031        259        727      2,074        489        924        228        346        162        111      1,048
Other capital                                     859         77        275         29         20         34         43        138          7          7          6         34        188
     Total liabilities and capital            781,407     38,110    319,214     26,224     32,660     59,817     58,140     68,034     23,203     16,500     21,730     37,444     80,331
                              

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 30, 2004
              
Federal Reserve notes outstanding             815,194
   Less: Notes held by F.R. Banks
         not subject to collateralization     117,008
      Federal Reserve Notes to be
         collateralized                       698,186 
Collateral held against Federal Reserve            
   notes                                      698,186
   Gold certificate account                    11,040
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              684,946
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         720,891
   Less:face value of securities under
         reverse repurchase agreements         19,234
      U.S. Treasury and agency securities
             eligible to be pledged           701,657
   

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. 

Release dates
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases