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Release Date: December 18, 1997
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FEDERAL RESERVE
These data are scheduled for release each Thursday. The exact time of each release will be announced, when
the information is available, on (202) 452-3206.
H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
December 18, 1997
Millions of dollars
Averages of daily figures
Reserve balances of depository institutions at Week ended Change from week ended Wednesday
F.R. Banks, Reserve Bank credit, and related items Dec 17, 1997 Dec 10, 1997 Dec 18, 1996 Dec 17, 1997
Reserve Bank Credit (1,2) 466,694 + 2,660 + 26,220 476,020
U.S. government securities
Bought outright-system account (3) 430,419 + 6,026 + 37,632 430,546
Held under repurchase agreements 2,900 - 2,492 - 8,864 9,415
Federal agency obligations
Bought outright 685 0 - 1,540 685
Held under repurchase agreements 798 - 114 + 306 1,880
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 278 + 246 + 193 894
Seasonal credit 84 - 1 + 16 84
Extended credit 0 0 0 0
Float 485 - 1,118 - 803 399
Other F.R. assets 31,046 + 114 - 720 32,117
Gold stock 11,049 - 1 + 1 11,049
Special drawing rights certificate account 9,200 0 - 518 9,200
Treasury currency outstanding 25,624 + 14 + 669 25,624
Total factors supplying reserve funds 512,567 + 2,673 + 26,372 521,893
Currency in circulation* 473,103 + 901 + 30,642 475,365
Treasury cash holdings* 231 + 1 - 26 229
Deposits,other than reserve balances,with F.R.Banks
Treasury 6,330 + 1,801 - 839 7,493
Foreign 170 - 2 - 6 154
Service-related balances and adjustments (4) 6,804 - 30 - 317 6,804
Other 379 + 31 + 26 381
Other F.R. liabilities and capital 16,192 + 648 + 1,540 16,021
Total factors, other than reserve balances,
absorbing reserve funds 503,209 + 3,351 + 31,020 506,447
Reserve balances with F.R. Banks (5) 9,358 - 678 - 4,648 15,446
On December 17, 1997, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 615,850 million, a change of
-$ 11,456 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 15,341 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 15,341 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 15,214 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 15,214 million was with foreign official and international
accounts. Includes $ 500 million securities loaned--fully secured U.S. government securities.
3 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,694 million and adjustments of $ 110 million to
compensate for float.
5 Excludes required clearing balances and adjustments to compensate for float.
* Estimated (Treasury's figures).
Components may not add to totals due to rounding.
Worksheet for H.4.1 (a)
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
Change Since
* Wednesday Wednesday Wednesday
Dec 17, 1997 Dec 10, 1997 Dec 18, 1996
ASSETS
Gold certificate account 11,049 - 1 0
Special drawing rights certificate account 9,200 0 - 518
Coin 497 + 13 - 127
Loans 978 + 879 + 730
Acceptances 0 0 0
Federal agency obligations
Bought outright 685 0 - 1,540
Held under repurchase agreements (1) 1,880 + 1,880 + 726
U.S. government securities
Bought outright--Bills 196,935 + 189 + 4,609
Notes (2) 174,204 + 2,642 + 23,282
Bonds 59,407 0 + 10,068
Total bought outright (3) 430,546 + 2,830 + 37,959
Held under repurchase agreements (1) 9,415 + 7,915 - 13,206
Total U.S. government securities 439,961 + 10,745 + 24,753
Total loans and securities 443,504 + 13,505 + 24,669
Items in process of collection (488) 8,016 - 809 - 924
Bank premises 1,268 - 1 + 37
Other assets (4) 30,855 + 977 - 776
TOTAL ASSETS (488) 504,388 + 13,684 + 22,361
LIABILITIES
Federal Reserve notes 450,467 + 1,857 + 30,081
Deposits
Depository institutions 22,447 + 7,798 - 7,557
U.S. Treasury--general account 7,493 + 2,994 - 2,496
Foreign--official accounts 154 - 6 - 9
Other 381 - 2 + 22
Total deposits 30,474 + 10,784 - 10,040
Deferred availability cash items (488) 7,426 + 637 + 764
Other liabilities and accrued dividends (5) 4,941 + 288 + 13
TOTAL LIABILITIES (488) 493,308 + 13,566 + 20,817
CAPITAL ACCOUNTS
Capital paid in 5,356 + 31 + 779
Surplus 4,389 0 + 528
Other capital accounts 1,335 + 87 + 237
*Figures in parentheses are the eliminations made in the consolidation process.
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts of which $ 0 million was outstanding
at the end of the latest statement week.
2 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 15,214 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 500 million securities loaned--fully secured by U.S. government
securities.
4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 184 million in Treasury bills maturing within 90 days.
5 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 17, 1997
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in
accordance with maximum majority of the agreements.
Millions of dollars
U.S. government Federal agency
Loans Acceptances securities (1) obligations
Weekly Weekly
Holdings changes Holdings changes
Within 15 days 971 0 Within 15 days 17,689 + 3,048 1,880 + 1,880
16 to 90 days 7 0 16 to 90 days 98,487 - 565 60 + 50
Over 90 days 0 0 91 days to 1 year 138,369 + 5,620 192 - 50
Over 1 to 5 years 96,201 + 2,641 153 0
Over 5 to 10 years 40,906 0 255 0
Over 10 years 48,308 0 25 0
Total 978 0 Total 439,961 + 10,745 2,565 + 1,880
1 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
Components may not add to totals due to rounding.
H.4.1 (b)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 17, 1997
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
ASSETS
Gold certificate account 11,049 624 3,936 350 669 965 723 1,069 401 147 286 459 1,420
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 497 26 21 55 31 67 51 57 16 20 41 41 70
Loans 978 651 0 3 0 0 0 256 8 34 25 0 1
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 685 42 221 23 47 65 46 73 27 10 20 25 86
Held under repurchase agreements(1) 1,880 0 1,880 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 196,935 12,006 63,699 6,584 13,622 18,738 13,142 21,006 7,844 2,743 5,623 7,152 24,778
Notes (2) 174,204 10,620 56,346 5,824 12,050 16,575 11,625 18,581 6,938 2,426 4,974 6,326 21,918
Bonds 59,407 3,622 19,215 1,986 4,109 5,652 3,964 6,337 2,366 827 1,696 2,157 7,474
Total bought outright(3) 430,546 26,247 139,261 14,394 29,781 40,965 28,731 45,924 17,148 5,996 12,294 15,636 54,170
Held under repurchase agreements(1) 9,415 0 9,415 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 439,961 26,247 148,676 14,394 29,781 40,965 28,731 45,924 17,148 5,996 12,294 15,636 54,170
Total loans and securities 443,504 26,940 150,777 14,419 29,829 41,030 28,776 46,253 17,184 6,040 12,339 15,661 54,257
Items in process of collection 8,504 456 1,076 334 271 608 1,031 731 138 773 563 468 2,054
Bank premises 1,268 94 153 50 131 126 78 107 31 133 55 150 159
Other assets(4) 30,855 1,306 9,736 1,409 1,853 2,337 2,363 3,347 862 589 983 1,381 4,689
Interdistrict settlement account 0 -4,819 +24,956 -1,269 -3,026 -7,615 +114 -8,126 -650 -717 +804 +3,729 -3,380
TOTAL ASSETS 504,876 25,158 193,856 15,631 30,333 38,309 33,738 44,339 18,322 7,108 15,317 22,256 60,509
1 Does not include U.S. government and federal agency securities resold under matched sale-purchase
transactions to foreign official and international accounts, of which $ 0 was outstanding at the
end of the latest statement week.
2 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 15,214 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 500 million securities loaned--fully secured by U.S. government
securities.
4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 184 million in Treasury bills maturing within 90 days.
Components may not add to totals due to rounding.
H.4.1 (c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 17, 1997
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
LIABILITIES
Federal Reserve notes 450,467 22,606 176,843 13,656 27,963 32,055 30,024 39,629 16,255 4,719 13,366 19,745 53,606
Deposits
Depository institutions 22,447 1,386 4,534 933 1,026 3,391 1,552 2,288 1,358 1,297 985 1,280 2,415
U.S. Treasury--general account 7,493 0 7,493 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 154 5 43 9 9 10 13 17 4 3 5 8 28
Other 381 1 109 11 3 59 2 185 1 0 2 6 2
Total deposits 30,474 1,392 12,179 952 1,038 3,460 1,568 2,490 1,363 1,301 992 1,294 2,445
Deferred credit items 7,914 447 971 261 262 678 1,006 624 237 596 481 460 1,894
Other liabilities and accrued
dividends (1) 4,941 297 1,529 191 334 460 346 517 204 104 171 195 590
TOTAL LIABILITIES 493,796 24,742 191,521 15,061 29,598 36,653 32,943 43,260 18,059 6,719 15,010 21,694 58,535
CAPITAL ACCOUNTS
Capital paid in 5,356 197 1,108 284 358 815 359 526 127 194 126 283 979
Surplus 4,389 164 999 262 279 303 405 512 109 101 167 244 845
Other capital accounts 1,335 54 228 24 99 538 32 41 27 94 14 35 150
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 504,876 25,158 193,856 15,631 30,333 38,309 33,738 44,339 18,322 7,108 15,317 22,256 60,509
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 552,564 28,091 209,998 16,922 31,737 39,422 38,851 47,450 18,692 6,556 15,465 26,455 72,926
Less--Held by F.R. Banks 102,097 5,485 33,155 3,265 3,774 7,367 8,828 7,821 2,436 1,837 2,099 6,710 19,320
F.R. notes, net 450,467 22,606 176,843 13,656 27,963 32,055 30,024 39,629 16,255 4,719 13,366 19,745 53,606
Collateral held against F.R. notes
Gold certificate account 11,049
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 430,218
Total collateral 450,467
1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of
foreign exchange commitments.
Components may not add to totals due to rounding.
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Last update: December 18, 1997