Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  August 12, 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
August 12, 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
Aug 11, 2004
Week ended
Aug 11, 2004
Change from week ended
Aug 4, 2004 Aug 13, 2003
                                                              
Reserve Bank Credit                                         754,791     -   2,839     +  42,967       750,586 
 Securities held outright                                   693,741     +      13     +  40,669       693,746 
    U.S. Treasury (1)                                       693,741     +      13     +  40,679       693,746 
       Bills (2)                                            255,248             0     +  15,321       255,248 
       Notes and bonds, nominal (2)                         421,546             0     +  22,693       421,546 
       Notes and bonds, inflation-indexed (2)                14,862             0     +   2,048        14,862 
       Inflation compensation (3)                             2,085     +      13     +     618         2,090 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    20,036     -   2,893     +   2,357        16,000 
 Loans to depository institutions                               239     -      26     +      94           231 
    Primary credit                                               16     -      15     +       9             4 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             223     -      11     +      85           227 
 Float                                                         -297     -     530     -     892          -569 
 Other Federal Reserve assets                               41,071    +     596    +     737       41,179 
Gold stock                                                   11,044             0     +       1        11,044 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,064     +      14     +     896        36,064 
                                                              
Total factors supplying reserve funds                       804,098     -   2,825     +  43,863       799,894 
                                                                          
Currency in circulation(5)                                  734,968     +   1,053     +  39,979       736,223 
Reverse repurchase agreements (6)                            20,422     -     166     +     859        20,606 
   Foreign official and international accounts               20,422     -     166     +     859        20,606 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          289     +       6     -      80           304 
Deposits with F.R.Banks, other than reserve balances         15,982     +   1,073     -   1,223        15,503 
  U.S. Treasury, general account                              5,064     +     363     -     547         4,617 
  Foreign official                                               81     -      17     -      68            82 
  Service-related                                            10,539     +     738     -     618        10,539 
     Required clearing balances                              10,529     +     728     -     383        10,529 
     Adjustments to compensate for float                         10     +      10     -     235            10 
  Other                                                         298     -      11     +      11           265 
Other liabilities and capital                                21,850     +     505     +   1,660        21,669 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  793,510     +   2,470     +  41,194       794,305 
                                                              
Reserve balances with Federal Reserve Banks                  10,588     -   5,295     +   2,669         5,589 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,256,264     +   8,341     + 316,480     1,256,074 
     U.S. Treasury                                        1,017,939     +   4,607     + 264,402     1,017,359 
     Federal agency                                         238,325     +   3,735     +  52,079       238,715 
  Securities lent to dealers                                    748     +     368     -   1,383         2,203 
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
Aug 11, 2004
Wednesday
Aug 4, 2004
Wednesday
Aug 13, 2003
Assets                                               
Gold certificate account                                         11,040                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                750         +      10         -     138 
Securities, repurchase agreements, and loans                    709,977         -   1,078         +  37,526 
   Securities held outright                                     693,746         +      12         +  40,458 
      U.S. Treasury (1)                                         693,746         +      12         +  40,468 
         Bills (2)                                              255,248                 0         +  15,106 
         Notes and bonds, nominal (2)                           421,546                 0         +  22,693 
         Notes and bonds, inflation-indexed (2)                    14,862                 0         +   2,048 
         Inflation compensation (3)                               2,090         +      12         +     621 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     16,000         -   1,000         -   3,000 
   Loans                                                            231         -      90         +      67 
Items in process of collection                      (717)         5,317         -   2,294         -   3,967 
Bank premises                                                     1,710         +       1         +     123 
Other assets (5)                                                 39,425         +     561         +     620 
      Total assets                                  (717)       770,418         -   2,801         +  34,163 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  701,208         +     326         +  39,194 
Reverse repurchase agreements (6)                                20,606         +      30         +   1,468 
Deposits                                              (0)        21,048         -   2,855         -   6,167 
  Depository institutions                                        16,084         -   2,338         -   4,606 
  U.S. Treasury, general account                                  4,617         -     464         -   1,103 
  Foreign official                                                   82         -       1         -     443 
  Other                                               (0)           265         -      52         -      16 
Deferred availability cash items                    (717)         5,886         -     613         -   1,958 
Other liabilities and accrued dividends (7)                       2,512         +      66         +     353 
      Total liabilities                             (717)       751,261         -   3,045         +  32,891 
                                                     
Capital Accounts                                     
Capital paid in                                                   9,260         +       7         +     536 
Surplus                                                           8,856         +      27         +     476 
Other capital accounts                                            1,040         +     210         +     260 
      Total capital                                              19,157         +     244         +   1,273 
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, August 11, 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              26        56,565    +     263             0            0        16,000        20,606
16 days to 90 days         205       149,322    -   1,044             0            0             0             0
91 days to 1 year            0       166,742    +     781             0            0      ------       ------   
Over 1 to 5 years     ------         192,432    +       5             0            0      ------       ------   
Over 5 to 10 years    ------          51,872    +       3             0            0      ------       ------   
Over 10 years         ------          76,813    +       5             0            0      ------       ------   
           
All                        231       693,746    +      12             0            0        16,000       20,606 
 
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 11, 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                      11,040         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                                             750          20          40          35          44          67          97          91          51          20          47         131         106 
Securities, repurchase agreements,                                 
      and loans                              709,977      32,577     316,817      20,645      29,644      52,729      46,793      62,556      20,404      15,215      18,263      31,635      62,698 
   Securities held outright                  693,746      32,577     300,817      20,634      29,644      52,728      46,784      62,492      20,382      15,131      18,230      31,631      62,696 
      U.S. Treasury (1)                      693,746      32,577     300,817      20,634      29,644      52,728      46,784      62,492      20,382      15,131      18,230      31,631      62,696 
         Bills (2)                           255,248      11,986     110,679       7,592      10,907      19,400      17,213      22,992       7,499       5,567       6,707      11,638      23,067 
         Notes and bonds(3)                  438,498      20,591     190,139      13,042      18,737      33,328      29,571      39,499      12,883       9,564      11,523      19,993      39,628 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                16,000           0      16,000           0           0           0           0           0           0           0           0           0           0 
      Loans                                      231           0           0          11           0           2           8          65          23          84          33           3           2 
Items in process of collection                 6,034         338         329         251         419         310         628         391         268         395         485         175       2,046 
Bank premises                                  1,710          96         192          51         154         145         278         139          56         124          75         220         180 
Other assets(5)                               39,425       1,789      14,318       1,149       2,387       6,032       2,273       3,554       1,033       1,155         825       1,060       3,850 
Interdistrict settlement account                   0     + 2,908     -29,510     + 4,037     +   139     - 1,089     + 8,633     - 1,494     + 1,447     -   462     + 1,363     + 3,911     +10,117 
          Total Assets                       771,135      38,336     307,711      26,632      33,344      59,160      59,762      66,373      23,655      16,695      21,427      37,754      80,286 
 
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 11, 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             823,350      38,858     316,341      32,777      34,975      62,135      72,254      67,951      25,128      15,923      24,064      43,082      89,864 
  Less: notes held by F.R. Banks              122,142       4,299      31,922       8,622       5,747      11,274      17,404       7,838       3,383       1,257       4,636       7,691      18,069 
    Federal Reserve notes, net                701,208      34,559     284,419      24,155      29,228      50,861      54,850      60,112      21,744      14,667      19,428      35,391      71,795 
Reverse repurchase agreements (1)              20,606         968       8,935         613         881       1,566       1,390       1,856         605         449         542         940       1,862 
Deposits                                       21,048       1,085       8,450         742       1,068       1,798       1,524       1,665         573         405         686         718       2,333 
  Depository institutions                      16,084       1,082       3,610         741       1,064       1,697       1,523       1,661         570         404         684         718       2,330 
  U.S. Treasury, general account                4,617           0       4,617           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 82           2          59           1           2           7           2           3           1           1           1           0           4 
  Other                                           265           1         163           0           1          94           0           1           2           0           1           0           0 
Deferred availability cash items                6,603         548         636         437         490         475         749         401         144         460         348         286       1,630 
Other liabilities and accrued                                                 
  dividends (2)                                 2,512         137         817         100         131         258         200         239         110          87          95         137         202 
                                                                    
    Total liabilities                         751,978      37,295     303,257      26,047      31,797      54,958      58,714      64,273      23,176      16,068      21,100      37,471      77,823 
                                                                    
Capital                                                             
Capital paid in                                 9,260         506       2,116         284         757       2,084         506       1,024         232         262         153         131       1,203 
Surplus                                         8,856         448       2,031         259         727       2,074         489         924         228         355         162         111       1,048 
Other capital                                   1,040          86         307          43          62          44          53         152          19          10          12          41         212 
     Total liabilities and capital            771,135      38,336     307,711      26,632      33,344      59,160      59,762      66,373      23,655      16,695      21,427      37,754      80,286 
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 11, 2004
Federal Reserve notes outstanding          823,350  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   122,142  
      Federal Reserve Notes to be         
         collateralized                    701,208  
Collateral held against Federal Reserve             
   notes                                   701,208  
   Gold certificate account                 11,040  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           687,969  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      709,746  
   Less:face value of securities under    
         reverse repurchase agreements      20,614  
      U.S. Treasury and agency securities  
             eligible to be pledged        689,132  
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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