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Release Date: December 26, 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 26, 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 24, 1997 Dec 17, 1997 Dec 25, 1996 Dec 24, 1997
Reserve Bank Credit (1,2) 471,597 + 4,898 + 30,090 475,558
U.S. government securities
Bought outright-system account (3) 429,198 - 1,221 + 36,543 432,059
Held under repurchase agreements 7,270 + 4,370 - 4,638 7,123
Federal agency obligations
Bought outright 685 0 - 1,540 685
Held under repurchase agreements 1,483 + 685 + 528 1,902
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 92 - 186 - 27 21
Seasonal credit 78 - 6 + 8 75
Extended credit 0 0 0 0
Float 851 + 362 - 473 2,083
Other F.R. assets 31,941 + 895 - 312 31,611
Gold stock 11,049 0 + 1 11,048
Special drawing rights certificate account 9,200 0 - 518 9,200
Treasury currency outstanding 25,630 + 14 + 662 25,630
Total factors supplying reserve funds 517,476 + 4,912 + 30,234 521,437
Currency in circulation* 477,146 + 4,051 + 30,869 480,548
Treasury cash holdings* 229 - 2 - 20 229
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,001 - 1,329 - 693 4,949
Foreign 156 - 14 - 45 157
Service-related balances and adjustments (4) 6,988 + 183 + 69 6,988
Other 333 - 46 + 33 296
Other F.R. liabilities and capital 16,343 + 151 + 1,773 16,141
Total factors, other than reserve balances,
absorbing reserve funds 506,196 + 2,995 + 31,987 509,308
Reserve balances with F.R. Banks (5) 11,280 + 1,917 - 1,753 12,129
On December 24, 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 603,376 million, a change of
-$ 12,474 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 17,135 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 17,135 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 15,702 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 15,702 million was with foreign official and international
accounts. Includes $ 326 million securities loaned--fully secured U.S. government securities.
3 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 22 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,653 million and adjustments of $ 335 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 24, 1997 Dec 17, 1997 Dec 25, 1996
ASSETS
Gold certificate account 11,048 - 1 0
Special drawing rights certificate account 9,200 0 - 518
Coin 485 - 11 - 135
Loans 96 - 882 - 9
Acceptances 0 0 0
Federal agency obligations
Bought outright 685 0 - 1,540
Held under repurchase agreements (1) 1,902 + 22 + 947
U.S. government securities
Bought outright--Bills 198,447 + 1,512 + 3,327
Notes (2) 174,205 + 1 + 23,283
Bonds 59,407 0 + 10,068
Total bought outright (3) 432,059 + 1,513 + 36,679
Held under repurchase agreements (1) 7,123 - 2,292 - 4,785
Total U.S. government securities 439,182 - 779 + 31,894
Total loans and securities 441,865 - 1,639 + 31,291
Items in process of collection (497) 10,884 + 2,869 + 190
Bank premises 1,271 + 4 + 39
Other assets (4) 30,388 - 467 - 728
TOTAL ASSETS (497) 505,142 + 754 + 30,139
LIABILITIES
Federal Reserve notes 455,632 + 5,165 + 31,141
Deposits
Depository institutions 20,097 - 2,350 - 813
U.S. Treasury--general account 4,949 - 2,543 - 1,530
Foreign--official accounts 157 + 3 - 57
Other 296 - 85 + 32
Total deposits 25,499 - 4,975 - 2,369
Deferred availability cash items (497) 7,870 + 444 - 97
Other liabilities and accrued dividends (5) 4,932 - 9 + 225
TOTAL LIABILITIES (497) 493,933 + 625 + 28,899
CAPITAL ACCOUNTS
Capital paid in 5,443 + 86 + 842
Surplus 4,389 0 + 528
Other capital accounts 1,377 + 42 - 131
*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
$ 22 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 15,702 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 326 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 $ 157 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 24, 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 96 0 Within 15 days 19,907 + 2,217 1,902 + 22
16 to 90 days 0 0 16 to 90 days 95,600 - 2,887 60 0
Over 90 days 0 0 91 days to 1 year 138,259 - 110 192 0
Over 1 to 5 years 96,202 + 1 153 0
Over 5 to 10 years 40,906 0 255 0
Over 10 years 48,308 0 25 0
Total 96 0 Total 439,182 - 779 2,587 + 22
1 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 22 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 24, 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 11,048 624 3,935 350 669 965 723 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 485 26 21 53 30 68 47 56 17 21 38 40 70
Loans 96 1 0 1 0 0 4 9 10 32 30 0 8
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) 1,902 0 1,902 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 198,447 12,098 64,188 6,634 13,727 18,882 13,243 21,167 7,904 2,764 5,667 7,207 24,968
Notes (2) 174,205 10,620 56,347 5,824 12,050 16,575 11,625 18,582 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) 432,059 26,339 139,750 14,444 29,886 41,109 28,832 46,085 17,208 6,017 12,337 15,691 54,360
Held under repurchase agreements(1) 7,123 0 7,123 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 439,182 26,339 146,873 14,444 29,886 41,109 28,832 46,085 17,208 6,017 12,337 15,691 54,360
Total loans and securities 441,865 26,382 148,996 14,468 29,933 41,174 28,882 46,167 17,246 6,058 12,387 15,716 54,454
Items in process of collection 11,381 559 1,139 401 507 761 1,758 1,143 262 1,133 388 703 2,627
Bank premises 1,271 94 156 50 131 126 78 108 31 133 55 150 159
Other assets(4) 30,388 1,333 8,999 1,421 1,903 2,370 2,381 3,360 889 595 996 1,398 4,744
Interdistrict settlement account 0 -3,647 +25,798 -700 -3,086 -9,493 +42 -7,231 -1,529 -1,550 +893 +3,327 -2,825
TOTAL ASSETS 505,639 25,901 192,247 16,326 30,661 36,762 34,513 45,572 17,657 6,660 15,289 22,161 61,890
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
$ 22 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 15,702 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 326 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 $ 157 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 24, 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 455,632 22,920 178,671 13,851 28,294 32,248 30,449 40,210 16,391 4,767 13,535 19,960 54,336
Deposits
Depository institutions 20,097 1,785 3,632 1,454 975 1,629 1,979 2,883 551 604 773 1,058 2,773
U.S. Treasury--general account 4,949 0 4,949 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 157 5 46 9 9 10 13 17 4 3 5 8 28
Other 296 1 95 1 2 30 2 158 1 0 1 2 2
Total deposits 25,499 1,791 8,722 1,464 986 1,669 1,995 3,058 556 608 780 1,068 2,803
Deferred credit items 8,367 414 966 249 314 700 931 715 240 794 496 368 2,179
Other liabilities and accrued
dividends (1) 4,932 298 1,549 189 331 454 343 510 204 102 171 193 588
TOTAL LIABILITIES 494,430 25,423 189,908 15,753 29,925 35,072 33,718 44,493 17,391 6,272 14,982 21,589 59,906
CAPITAL ACCOUNTS
Capital paid in 5,443 262 1,108 284 358 833 359 527 127 194 127 284 980
Surplus 4,389 164 999 262 279 303 405 512 109 101 167 244 845
Other capital accounts 1,377 53 233 27 99 555 31 40 29 93 14 43 159
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 505,639 25,901 192,247 16,326 30,661 36,762 34,513 45,572 17,657 6,660 15,289 22,161 61,890
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 551,126 27,999 210,100 16,844 31,799 39,277 38,616 47,244 18,618 6,515 15,394 26,171 72,549
Less--Held by F.R. Banks 95,494 5,079 31,429 2,994 3,505 7,029 8,167 7,034 2,227 1,747 1,859 6,211 18,213
F.R. notes, net 455,632 22,920 178,671 13,851 28,294 32,248 30,449 40,210 16,391 4,767 13,535 19,960 54,336
Collateral held against F.R. notes
Gold certificate account 11,048
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 435,384
Total collateral 455,632
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 26, 1997