Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  September 23, 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
September 23, 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
Sep 22, 2004
Week ended
Sep 22, 2004
Change from week ended
Sep 15, 2004 Sep 24, 2003
                                                              
Reserve Bank Credit                                         767,481     -     938     +  49,875       763,507 
 Securities held outright                                   697,024     +   1,461     +  41,034       698,161 
    U.S. Treasury (1)                                       697,024     +   1,461     +  41,044       698,161 
       Bills (2)                                            255,913     +     553     +  14,511       257,053 
       Notes and bonds, nominal (2)                         424,141     +     914     +  24,546       424,141 
       Notes and bonds, inflation-indexed (2)                14,862             0     +   1,408        14,862 
       Inflation compensation (3)                             2,107     -       6     +     578         2,105 
    Federal agency (2)                                            0             0     -      10             0 
 Repurchase agreements(4)                                    31,286     -   2,214     +   9,000        26,500 
 Loans to depository institutions                               592     +     334     +     356           255 
    Primary credit                                              352     +     332     +     279            15 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             240     +       2     +      77           240 
 Float                                                         -268     -     742     -     554          -402 
 Other Federal Reserve assets                               38,847    +     223    +      38       38,993 
Gold stock                                                   11,043             0             0        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            36,185     +      14     +     921        36,185 
                                                              
Total factors supplying reserve funds                       816,909     -     924     +  50,796       812,936 
                                                                          
Currency in circulation(5)                                  737,438     -   2,637     +  41,474       737,875 
Reverse repurchase agreements (6)                            24,814     +     107     +   4,269        24,556 
   Foreign official and international accounts               24,814     +     107     +   4,269        24,556 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          312     -      10     -      24           300 
Deposits with F.R.Banks, other than reserve balances         17,502     +   1,661     -   1,903        15,339 
  U.S. Treasury, general account                              6,979     +   1,718     -     561         4,845 
  Foreign official                                               81     -       3     -      21            78 
  Service-related                                            10,165     -      59     -   1,329        10,165 
     Required clearing balances                              10,165     -      59     -   1,061        10,165 
     Adjustments to compensate for float                          0             0     -     268             0 
  Other                                                         278     +       5     +       8           252 
Other liabilities and capital                                23,223     -      48     +   2,468        23,151 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  803,289     -     927     +  46,283       801,222 
                                                              
Reserve balances with Federal Reserve Banks                  13,620     +       3     +   4,513        11,714 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)         1,290,191     -   1,183     + 326,834     1,289,292 
     U.S. Treasury                                        1,047,563     -     194     + 272,768     1,047,480 
     Federal agency                                         242,628     -     988     +  54,067       241,812 
  Securities lent to dealers                                    995     -     702     +     380         1,840 
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
Sep 22, 2004
Wednesday
Sep 15, 2004
Wednesday
Sep 24, 2003
Assets                                               
Gold certificate account                                         11,039                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                773         +       3         -      76 
Securities, repurchase agreements, and loans                    724,916         -   6,590         +  42,571 
   Securities held outright                                     698,161         +   2,458         +  42,158 
      U.S. Treasury (1)                                         698,161         +   2,458         +  42,168 
         Bills (2)                                              257,053         +   1,664         +  15,639 
         Notes and bonds, nominal (2)                           424,141         +     800         +  24,546 
         Notes and bonds, inflation-indexed (2)                    14,862                 0         +   1,408 
         Inflation compensation (3)                               2,105         -       6         +     575 
      Federal agency (2)                                              0                 0         -      10 
   Repurchase agreements (4)                                     26,500         -   9,000         +     500 
   Loans                                                            255         -      48         -      86 
Items in process of collection                      (907)         5,294         -     940         -   1,241 
Bank premises                                                     1,723         +       1         +     128 
Other assets (5)                                                 37,447         +     532         -      74 
      Total assets                                  (907)       783,391         -   6,994         +  41,307 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  702,759         -   1,658         +  39,445 
Reverse repurchase agreements (6)                                24,556         +     233         +   5,755 
Deposits                                              (0)        27,087         -   5,406         -   5,121 
  Depository institutions                                        21,913         -   2,622         -   3,114 
  U.S. Treasury, general account                                  4,845         -   2,781         -   1,992 
  Foreign official                                                   78         -       1         -       4 
  Other                                               (0)           252                 0         -      10 
Deferred availability cash items                    (907)         5,838         -     435         -   1,274 
Other liabilities and accrued dividends (7)                       2,685         +      36         +     440 
      Total liabilities                             (907)       762,926         -   7,230         +  39,245 
                                                     
Capital Accounts                                     
Capital paid in                                                  10,501         +      22         +   1,743 
Surplus                                                           8,847                 0         +     467 
Other capital accounts                                            1,117         +     214         -     148 
      Total capital                                              20,466         +     237         +   2,063 
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, September 22, 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             246        54,069    -     702             0            0        26,500        24,556
16 days to 90 days           8       152,191    +   2,029             0            0             0             0
91 days to 1 year            0       165,875    +     338             0            0      ------       ------   
Over 1 to 5 years     ------         199,511    -       2             0            0      ------       ------   
Over 5 to 10 years    ------          50,203    +     398             0            0      ------       ------   
Over 10 years         ------          76,312    +     397             0            0      ------       ------   
           
All                        255       698,161    +   2,458             0            0        26,500       24,556 
 
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 September 22, 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                      11,039         494       4,649         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                                             773          21          42          41          45          77          86         100          53          23          49         124         111 
Securities, repurchase agreements,                                 
      and loans                              724,916      32,784     329,232      20,775      29,833      53,063      47,097      62,958      20,541      15,311      18,378      31,837      63,107 
   Securities held outright                  698,161      32,784     302,732      20,765      29,833      53,063      47,082      62,889      20,511      15,228      18,346      31,833      63,095 
      U.S. Treasury (1)                      698,161      32,784     302,732      20,765      29,833      53,063      47,082      62,889      20,511      15,228      18,346      31,833      63,095 
         Bills (2)                           257,053      12,071     111,462       7,645      10,984      19,537      17,335      23,155       7,552       5,607       6,755      11,720      23,231 
         Notes and bonds(3)                  441,108      20,713     191,270      13,120      18,849      33,526      29,747      39,734      12,959       9,621      11,592      20,112      39,864 
         Federal agency (2)                        0           0           0           0           0           0           0           0           0           0           0           0           0 
      Repurchase agreements(4)                26,500           0      26,500           0           0           0           0           0           0           0           0           0           0 
      Loans                                      255           0           0          10           1           0          15          69          30          83          32           4          12 
Items in process of collection                 6,200         308         484         378         371         242         484         546         389         398         404         165       2,032 
Bank premises                                  1,723          97         191          51         154         144         279         142          59         124          76         225         180 
Other assets(5)                               37,447       1,695      13,457       1,126       2,303       5,874       2,131       3,374         975       1,107         771         958       3,675 
Interdistrict settlement account                   0     + 3,210     -33,451     + 3,724     +    16     +   718     +11,609     - 1,370     + 1,489     -   505     + 2,014     + 3,258     + 9,288 
          Total Assets                       784,298      38,725     315,478      26,560      33,279      61,085      62,745      66,887      23,903      16,705      22,060      37,190      79,681 
 
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 September 22, 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             829,099      38,233     318,605      32,894      35,057      63,951      73,505      68,425      25,295      16,201      24,613      42,597      89,723 
  Less: notes held by F.R. Banks              126,340       4,545      34,134       8,845       5,860      11,778      16,039       8,391       3,505       1,672       4,709       7,987      18,874 
    Federal Reserve notes, net                702,759      33,688     284,471      24,049      29,197      52,173      57,466      60,034      21,789      14,529      19,904      34,610      70,849 
Reverse repurchase agreements (1)              24,556       1,153      10,648         730       1,049       1,866       1,656       2,212         721         536         645       1,120       2,219 
Deposits                                       27,087       1,087      14,346         629         948       2,159       1,521       1,742         604         418         750         724       2,159 
  Depository institutions                      21,913       1,084       9,275         628         944       2,080       1,518       1,738         602         417         748         723       2,155 
  U.S. Treasury, general account                4,845           0       4,845           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                 78           2          55           1           2           7           2           3           1           1           1           0           4 
  Other                                           252           1         171           0           2          72           2           0           1           0           1           0           0 
Deferred availability cash items                6,745         427         644         466         403         390         818         554         188         514         341         311       1,688 
Other liabilities and accrued                                                 
  dividends (2)                                 2,685         158         867         104         135         275         222         253         114          91         100         142         226 
                                                                    
    Total liabilities                         763,832      36,513     310,976      25,978      31,732      56,864      61,683      64,795      23,416      16,087      21,741      36,907      77,141 
                                                                    
Capital                                                             
Capital paid in                                10,501       1,634       2,159         285         762       2,089         517       1,025         238         263         149         130       1,249 
Surplus                                         8,847         448       2,031         259         727       2,074         489         924         228         346         162         111       1,048 
Other capital                                   1,117         130         312          39          58          58          55         143          20          10           8          43         243 
     Total liabilities and capital            784,298      38,725     315,478      26,560      33,279      61,085      62,745      66,887      23,903      16,705      22,060      37,190      79,681 
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
Sep 22, 2004
Federal Reserve notes outstanding          829,099  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   126,340  
      Federal Reserve Notes to be         
         collateralized                    702,759  
Collateral held against Federal Reserve             
   notes                                   702,759  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           689,520  
   Other assets pledged                          0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      724,661  
   Less:face value of securities under    
         reverse repurchase agreements      24,567  
      U.S. Treasury and agency securities  
             eligible to be pledged        700,094  
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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