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Release Date: January 2, 1998
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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
January 2, 1998
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 31, 1997 Dec 24, 1997 Jan 1, 1997 Dec 31, 1997
Reserve Bank Credit (1,2) 476,190 + 4,584 + 28,545 489,969
U.S. government securities
Bought outright-system account (3) 430,866 + 1,669 + 38,484 430,736
Held under repurchase agreements 9,917 + 2,647 - 6,673 21,188
Federal agency obligations
Bought outright 685 0 - 1,540 685
Held under repurchase agreements 1,502 + 19 + 149 2,652
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 673 + 581 + 633 2,001
Seasonal credit 64 - 14 + 7 35
Extended credit 0 0 0 0
Float 696 - 164 - 1,900 649
Other F.R. assets 31,787 - 154 - 614 32,025
Gold stock 11,048 - 1 0 11,047
Special drawing rights certificate account 9,200 0 - 518 9,200
Treasury currency outstanding 25,644 + 14 + 663 25,644
Total factors supplying reserve funds 522,082 + 4,597 + 28,690 535,860
Currency in circulation* 481,584 + 4,437 + 31,702 482,428
Treasury cash holdings* 229 - 1 - 20 225
Deposits,other than reserve balances,with F.R.Banks
Treasury 4,758 - 243 - 1,568 5,444
Foreign 213 + 57 + 43 457
Service-related balances and adjustments (4) 6,957 - 30 + 71 6,957
Other 365 + 31 - 71 900
Other F.R. liabilities and capital 16,223 - 120 + 1,882 15,500
Total factors, other than reserve balances,
absorbing reserve funds 510,329 + 4,132 + 32,038 511,911
Reserve balances with F.R. Banks (5) 11,753 + 465 - 3,349 23,949
On December 31, 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 602,834 million, a change of
-$ 542 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,896 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,896 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 17,027 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 17,027 million was with foreign official and international
accounts. Includes $ 887 million securities loaned--fully secured U.S. government securities.
3 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 23 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,686 million and adjustments of $ 271 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 31, 1997 Dec 24, 1997 Jan 1, 1997
ASSETS
Gold certificate account 11,047 - 1 - 1
Special drawing rights certificate account 9,200 0 - 518
Coin 460 - 25 - 131
Loans 2,035 + 1,939 + 1,950
Acceptances 0 0 0
Federal agency obligations
Bought outright 685 0 - 1,540
Held under repurchase agreements (1) 2,652 + 750 + 1,040
U.S. government securities
Bought outright--Bills 197,123 - 1,324 + 6,476
Notes (2) 174,206 + 1 + 23,284
Bonds 59,407 0 + 10,068
Total bought outright (3) 430,736 - 1,324 + 39,828
Held under repurchase agreements (1) 21,188 + 14,065 + 1,217
Total U.S. government securities 451,924 + 12,741 + 41,045
Total loans and securities 457,295 + 15,431 + 42,495
Items in process of collection (578) 7,800 - 3,084 - 4,960
Bank premises 1,272 + 1 + 39
Other assets (4) 30,773 + 384 - 216
TOTAL ASSETS (578) 517,847 + 12,705 + 36,707
LIABILITIES
Federal Reserve notes 457,469 + 1,837 + 30,947
Deposits
Depository institutions 30,838 + 10,742 + 6,314
U.S. Treasury--general account 5,444 + 495 - 2,298
Foreign--official accounts 457 + 300 + 290
Other 900 + 603 + 7
Total deposits 37,639 + 12,140 + 4,314
Deferred availability cash items (578) 7,239 - 631 - 224
Other liabilities and accrued dividends (5) 4,846 - 86 + 114
TOTAL LIABILITIES (578) 507,193 + 13,260 + 35,151
CAPITAL ACCOUNTS
Capital paid in 5,433 - 9 + 832
Surplus 5,220 + 832 + 725
Other capital accounts 0 - 1,377 0
*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
$ 23 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 17,027 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 887 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 $ 63 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 31, 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 2,014 0 Within 15 days 34,147 + 14,240 2,652 + 750
16 to 90 days 21 0 16 to 90 days 95,648 + 48 60 0
Over 90 days 0 0 91 days to 1 year 137,886 - 374 192 0
Over 1 to 5 years 95,028 - 1,173 153 0
Over 5 to 10 years 40,907 0 255 0
Over 10 years 48,308 0 25 0
Total 2,035 0 Total 451,924 + 12,741 3,337 + 750
1 Includes $ 1650 million of inflation-indexed securities valued at the original face amount and
$ 23 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 31, 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 11,047 624 3,934 350 669 965 723 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 460 23 20 53 27 64 45 52 15 20 36 37 68
Loans 2,035 21 1,465 16 0 0 163 13 4 5 13 0 335
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) 2,652 0 2,652 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 197,123 12,017 63,760 6,590 13,635 18,756 13,154 21,026 7,851 2,745 5,629 7,159 24,801
Notes (2) 174,206 10,620 56,347 5,824 12,050 16,575 11,625 18,582 6,938 2,426 4,974 6,327 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) 430,736 26,259 139,322 14,400 29,794 40,983 28,743 45,944 17,156 5,999 12,299 15,643 54,194
Held under repurchase agreements(1) 21,188 0 21,188 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 451,924 26,259 160,510 14,400 29,794 40,983 28,743 45,944 17,156 5,999 12,299 15,643 54,194
Total loans and securities 457,295 26,322 164,848 14,438 29,842 41,048 28,952 46,031 17,186 6,014 12,332 15,668 54,615
Items in process of collection 8,378 441 1,026 222 352 474 1,287 773 93 701 440 359 2,210
Bank premises 1,272 94 156 51 132 126 78 108 31 132 55 150 159
Other assets(4) 30,773 1,334 9,825 1,399 1,848 2,335 2,340 3,211 863 585 978 1,371 4,685
Interdistrict settlement account 0 -3,621 +16,310 -163 -1,888 -8,464 +793 -5,705 -534 -1,206 +880 +5,258 -1,659
TOTAL ASSETS 518,425 25,747 199,321 16,631 31,556 37,339 34,820 46,438 18,395 6,516 15,252 23,669 62,740
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
$ 23 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 17,027 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 887 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 $ 63 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 31, 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 457,469 22,984 179,316 13,970 28,441 32,459 30,390 40,531 16,422 4,792 13,541 20,007 54,617
Deposits
Depository institutions 30,838 1,544 9,257 1,720 1,815 2,062 2,081 3,570 1,244 629 761 2,479 3,677
U.S. Treasury--general account 5,444 0 5,444 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 457 5 346 9 9 10 13 17 4 3 5 8 28
Other 900 2 359 10 54 81 101 125 28 4 63 13 61
Total deposits 37,639 1,551 15,406 1,739 1,879 2,152 2,195 3,712 1,275 636 829 2,500 3,765
Deferred credit items 7,817 412 794 184 235 650 1,210 679 252 610 473 424 1,893
Other liabilities and accrued
dividends (1) 4,846 283 1,643 181 316 427 328 487 197 96 164 184 540
TOTAL LIABILITIES 507,771 25,231 197,158 16,074 30,871 35,688 34,123 45,409 18,147 6,134 15,007 23,115 60,815
CAPITAL ACCOUNTS
Capital paid in 5,433 262 1,108 284 349 833 359 527 127 194 127 283 980
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 0 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 518,425 25,747 199,321 16,631 31,556 37,339 34,820 46,438 18,395 6,516 15,252 23,669 62,740
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 549,600 27,943 209,843 16,784 31,706 39,172 38,413 47,119 18,568 6,480 15,339 26,054 72,179
Less--Held by F.R. Banks 92,131 4,959 30,527 2,815 3,265 6,713 8,023 6,589 2,145 1,689 1,798 6,047 17,562
F.R. notes, net 457,469 22,984 179,316 13,970 28,441 32,459 30,390 40,531 16,422 4,792 13,541 20,007 54,617
Collateral held against F.R. notes
Gold certificate account 11,047
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 437,222
Total collateral 457,469
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: January 2, 1998