Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  June 12, 2008
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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
June 12, 2008
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
Jun 11, 2008
Week ended
Jun 11, 2008
Change from week ended
Jun 4, 2008 Jun 13, 2007
                                                              
Reserve Bank credit                                         873,485     -   4,238     +  23,593       874,629 
 Securities held outright                                   482,050     -   4,859     - 308,309       482,073 
    U.S. Treasury (1)                                       482,050     -   4,859     - 308,309       482,073 
       Bills (2)                                             25,143     -   4,926     - 251,876        25,143 
       Notes and bonds, nominal (2)                         412,392             0     -  62,280       412,392 
       Notes and bonds, inflation-indexed (2)                39,171             0     +   4,712        39,171 
       Inflation compensation (3)                             5,345     +      68     +   1,136         5,368 
    Federal agency (2)                                            0             0             0             0 
 Repurchase agreements (4)                                  116,821     +   2,714     +  95,750       118,250 
 Term auction credit                                        150,000             0     + 150,000       150,000 
 Other loans                                                 21,875     -   2,384     +  21,729        22,037 
    Primary credit                                           13,148     -   2,773     +  13,122        13,450 
    Secondary credit                                            224     +     224     +     224             0 
    Seasonal credit                                              67     -      10     -      53            67 
    Primary dealer credit facility                           8,436    +     175    +   8,436        8,520 
    Other credit extensions                                       0             0             0             0 
 Float                                                       -1,399     -     153     -     574        -1,600 
 Other Federal Reserve assets                               104,138     +     443     +  64,997       103,868 
Gold stock                                                   11,041             0             0        11,041 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            38,819     +      14     +     342        38,819 
                                                              
Total factors supplying reserve funds                       925,545     -   4,224     +  23,935       926,688 
                                                                          
Currency in circulation (5)                                 822,782     -     660     +  11,358       823,602 
Reverse repurchase agreements (6)                            40,114     +   1,120     +   7,799        39,755 
   Foreign official and international accounts               40,114     +   1,120     +   7,799        39,755 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          273     -       7     -      23           280 
Deposits with F.R. Banks, other than reserve balances        12,316     +      38     +     436        11,834 
  U.S. Treasury, general account                              4,849     +       5     -     109         4,369 
  Foreign official                                               99             0     -      10           100 
  Service-related                                             7,096     +      25     +     513         7,096 
     Required clearing balances                               7,096     +      25     +     513         7,096 
     Adjustments to compensate for float                          0             0             0             0 
  Other                                                         273     +       9     +      42           269 
Other liabilities and capital                                44,539     +     412     +   5,088        43,942 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  920,024     +     903     +  24,657       919,412 
                                                              
Reserve balances with Federal Reserve Banks                   5,521     -   5,126     -     722         7,277 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts (2,7)        2,304,142     +   2,739     + 348,823     2,307,941 
     U.S. Treasury                                        1,349,729     -     825     + 123,062     1,352,702 
     Federal agency                                         954,413     +   3,563     + 225,761       955,239 
  Securities lent to dealers                                106,700     -   8,918     + 103,113       105,382 
     Overnight facility (8)                                   9,733     -   6,217     +   6,146         8,682 
     Term facility (9)                                       96,967     -   2,702     +  96,967        96,700 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities.
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.
8. Fully collateralized by U.S. Treasury securities.
9. Fully collateralized by U.S. Treasury securities, federal agency securities, and highly rated
non-agency asset-backed and mortgage-backed securities.
 

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
Jun 11, 2008
Wednesday
Jun 4, 2008
Wednesday
Jun 13, 2007
Assets                                                    
Gold certificate account                                         11,037                 0                 0 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                              1,339         +      14         +     425 
Securities, repurchase agreements, term auction           
      credit, and other loans                                   772,360         -   5,119         -  40,163 
   Securities held outright                                     482,073         -   4,864         - 308,307 
      U.S. Treasury (1)                                         482,073         -   4,864         - 308,307 
         Bills (2)                                               25,143         -   4,926         - 251,876 
         Notes and bonds, nominal (2)                           412,392                 0         -  62,280 
         Notes and bonds, inflation-indexed (2)                  39,171                 0         +   4,712 
         Inflation compensation (3)                               5,368         +      63         +   1,137 
      Federal agency (2)                                              0                 0                 0 
   Repurchase agreements (4)                                    118,250         -   1,500         +  96,250 
   Term auction credit                                          150,000                 0         + 150,000 
   Other loans                                                   22,037         +   1,244         +  21,895 
Items in process of collection                      (585)         1,136         -     723         -   1,560 
Bank premises                                                     2,149         -       3         +     121 
Other assets (5)                                                101,716         +     728         +  64,364 
      Total assets                                  (585)       891,937         -   5,103         +  23,188 
                                                          
Liabilities                                               
Federal Reserve notes, net of FR Bank holdings                  786,398         -     705         +  11,428 
Reverse repurchase agreements (6)                                39,755         -   2,365         +   8,176 
Deposits                                              (0)        19,107         -   2,276         -      46 
  Depository institutions                                        14,369         -   1,381         +     279 
  U.S. Treasury, general account                                  4,369         -     909         -     373 
  Foreign official                                                  100         +       2         +       5 
  Other                                               (0)           269         +      13         +      43 
Deferred availability cash items                    (585)         2,736         -     119         -   1,474 
Other liabilities and accrued dividends (7)                       3,579         +     250         -   2,467 
      Total liabilities                             (585)       851,574         -   5,215         +  15,616 
                                                          
Capital accounts                                          
Capital paid in                                                  19,931         +       8         +   3,834 
Surplus                                                          18,486                 0         +   3,115 
Other capital accounts                                            1,946         +     104         +     623 
      Total capital                                              40,363         +     112         +   7,572 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer
to table 1, footnotes 8 and 9.
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 Term Auction Credit, Other Loans, and Securities, June 11, 2008
Millions of dollars
  U.S. Treasury
securities (1)
 
Remaining maturity Term
auction
credit
Other
loans
Holdings Weekly
changes
Repurchase
agreements
(2)
Reverse
repurchase
agreements
(2)
Within 15 days           75,000         9,906         3,403     -   3,416        78,250        39,755  
16 days to 90 days       75,000        12,131        41,236     +     858        40,000             0  
91 days to 1 year           ---             0        79,105     -   2,363           ---           ---  
Over 1 to 5 years           ---           ---       171,751     +      20           ---           ---  
Over 5 to 10 years          ---           ---        90,094     +      14           ---           ---  
Over 10 years               ---           ---        96,485     +      26           ---           ---  
          
All                     150,000        22,037       482,073     -   4,864       118,250        39,755  
 
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.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on June 11, 2008
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                      11,037         424       3,935         453         423         891       1,221         913         344         199         349         636       1,249 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                           1,339          45          58          96         109         168         160         164          47          58          90         146         199 
Securities, repurchase agreements, term                            
      auction credit, and other loans        772,360      26,680     332,005      28,461      25,245      65,071      65,624      57,465      22,955      13,222      22,752      27,660      85,219 
   Securities held outright                  482,073      20,220     171,519      21,048      18,280      43,714      47,965      42,548      16,659       9,101      17,701      19,997      53,323 
      U.S. Treasury (1)                      482,073      20,220     171,519      21,048      18,280      43,714      47,965      42,548      16,659       9,101      17,701      19,997      53,323 
         Bills (2)                            25,143       1,055       8,946       1,098         953       2,280       2,502       2,219         869         475         923       1,043       2,781 
         Notes and bonds (3)                 456,931      19,165     162,573      19,950      17,327      41,434      45,464      40,328      15,790       8,626      16,777      18,954      50,542 
      Federal agency (2)                           0           0           0           0           0           0           0           0           0           0           0           0           0 
   Repurchase agreements (4)                 118,250       4,960      42,073       5,163       4,484      10,723      11,766      10,437       4,086       2,232       4,342       4,905      13,080 
   Term auction credit                       150,000       1,500      99,390       2,240       2,468      10,606       5,823       3,670       2,050      1,728         690       2,758      17,077  
   Other loans                                22,037           0      19,024          10          13          29          70         811         160         161          20           0       1,740 
Items in process of collection                 1,721          67           0         159         353         177           3         137          24         123         132         206         341 
Bank premises                                  2,149         118         212          65         151         197         227         206         124         112         276         254         207 
Other assets (5)                             101,716       5,494      27,693       9,131       6,602      24,767       8,242       5,001       1,323       1,935       1,425       2,284       7,818 
Interdistrict settlement account                   0     + 3,983     -49,626     + 2,362     + 4,427     - 5,425     +19,951     +14,131     + 4,334     + 1,821     + 5,717     + 4,090     - 5,766 
          Total assets                       892,522      36,926     315,152      40,810      37,415      85,993      95,594      78,228      29,221      17,500      30,808      35,375      89,501 
 
Note: Components may not sum to totals because of rounding.
 

1. Includes securities lent to dealers under the overnight and term securities lending facilities; refer to table 1, footnotes 8 and 9.
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 11, 2008 (continued)
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             988,651      37,723     344,494      40,766      39,043      80,841     119,259      83,829      30,894      18,091      31,624      55,839     106,249 
  Less: notes held by F.R. Banks              202,253       5,148      61,847       7,214       7,599      13,221      32,724      13,376       3,980       2,852       3,519      23,881      26,893 
    Federal Reserve notes, net                786,398      32,575     282,648      33,552      31,444      67,620      86,534      70,454      26,913      15,240      28,105      31,958      79,355 
Reverse repurchase agreements (1)              39,755       1,667      14,144       1,736       1,507       3,605       3,956       3,509       1,374         751       1,460       1,649       4,397 
Deposits                                       19,107         459       7,339         578         705       3,611       1,188       1,112         356         470         501         744       2,044 
  Depository institutions                      14,369         444       2,722         574         701       3,544       1,185       1,110         336         469         500         743       2,041 
  U.S. Treasury, general account                4,369           0       4,369           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                100           2          70           4           3          11           3           2           0           1           0           1           3 
  Other                                           269          13         178           0           1          55           0           0          19           0           1           0           0 
Deferred availability cash items                3,321         177           0         418         751         257         270         241          46         252         179         207         523 
Other liabilities and accrued                                                 
  dividends (2)                                 3,579         160         932         210         199         516         360         312         154         108         132         173         323 
                                                                    
    Total liabilities                         852,159      35,038     305,063      36,494      34,606      75,608      92,308      75,627      28,843      16,820      30,376      34,732      86,642 
                                                                    
Capital                                                             
Capital paid in                                19,931         816       4,933       2,334       1,401       5,178       1,626       1,280         181         316         208         260       1,400 
Surplus                                        18,486       1,050       4,650       1,814       1,291       4,998       1,425         815         180         355         194         364       1,351 
Other capital                                   1,946          22         506         168         116         210         234         506          17           9          30          19         108 
     Total liabilities and capital            892,522      36,926     315,152      40,810      37,415      85,993      95,594      78,228      29,221      17,500      30,808      35,375      89,501 
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 11, 2008
Federal Reserve notes outstanding          988,651  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   202,253  
      Federal Reserve notes to be         
         collateralized                    786,398  
Collateral held against Federal Reserve             
   notes                                   786,398  
   Gold certificate account                 11,037  
   Special drawing rights certificate     
     account                                 2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           561,152  
   Other assets pledged                    212,009  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      600,323  
   Less: face value of securities under   
         reverse repurchase agreements      39,171  
      U.S. Treasury and agency securities  
             eligible to be pledged        561,152  
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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