Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page

Release Date: February 19, 1998

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FEDERAL RESERVE
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H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
                                                                                          February 19, 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     Feb 18, 1998 Feb 11, 1998 Feb 19, 1997 Feb 18, 1998

Reserve Bank Credit  (1,2)                                  464,706    +   3,425    +  30,262      467,712
  U.S. government securities			        		      		     		   
    Bought outright-system account (3)                      428,138    +   1,045    +  36,256      428,001
    Held under repurchase agreements                          2,799    +   2,526    -   4,212        4,302
  Federal agency obligations			        		      		     		   
    Bought outright                                             675    -       7    -   1,364          675
    Held under repurchase agreements                            617    +     454    -   1,170        1,070
  Acceptances                                                     0            0            0            0
  Loans to depository institutions		        		      		     		   
    Adjustment credit                                            78    +      52    +      60            3
    Seasonal credit                                              12    +       3    -      10           12
    Extended credit                                               0            0            0            0
   Float                                                        479    -     476    +      21        3,490
   Other F.R. assets                                         31,909    -     173    +     680       30,159
Gold stock                                                   11,047    +       1    -       3       11,048
Special drawing rights certificate account                    9,200            0    -     200        9,200
Treasury currency outstanding                                25,704    +      14    +     625       25,704
        Total factors supplying reserve funds               510,657    +   3,440    +  30,684      513,663
						        		      		     		   
Currency in circulation*                                    473,053    +   2,477    +  30,876      474,118
Treasury cash holdings*                                         227    +       4    -      35          227
Deposits,other than reserve balances,with F.R.Banks     		      		     		   
  Treasury                                                    4,969    -      93    -      33        4,699
  Foreign                                                       164    +       1    -       1          170
  Service-related balances and adjustments (4)                7,040    -      79            0        7,040
  Other                                                         404    -      18    +      47          405
Other F.R. liabilities and capital                           16,154    +      14    +   1,881       15,933
        Total factors, other than reserve balances,     		      		     		   
        absorbing reserve funds                             502,010    +   2,305    +  32,734      502,592

Reserve balances with F.R. Banks  (5)                         8,648    +   1,135    -   2,051       11,071
						       		      		     		    
On  February 18, 1998, the face amount of marketable U.S. government securities held in custody by the 
Federal Reserve Banks for foreign official and international accounts was 606,710 million, a change of 
 +$ 6,225 million for the week.  The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1  Net of $ 17,145 million daily average, matched sale-purchase transactions outstanding during the 
   latest statement week, of which a net of $ 17,145 million was with foreign official and international
   accounts.  Includes securities loaned--fully secured by U.S. government securities.
2  Net of $ 17,281 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week, of which a net of $ 17,281 million was with foreign official and international 
   accounts.  Includes $ 265 million securities loaned--fully secured U.S. government securities.
3  Includes $ 2050 million of inflation-indexed securities valued at the original face amount and 
   $ 20 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Consists of required clearing balances of $ 6,751 million and adjustments of $ 289 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
                                                           Feb 18, 1998     Feb 11, 1998     Feb 19, 1997
                ASSETS
Gold certificate account                                        11,048        +       1        -       3
Special drawing rights certificate account                       9,200                0        -     200
Coin                                                               580        +       2        -     150
					      
Loans                                                               15        -       1        -      15
Acceptances                                                          0                0                0
Federal agency obligations		      
  Bought outright                                                  675                0        -   1,364
  Held under repurchase agreements (1)                           1,070        -      70        +     506
U.S. government securities		      
  Bought outright--Bills                                       194,869        -   1,479        +   2,790
                   Notes (2)                                   172,401        -   1,326        +  21,061
                   Bonds                                        60,732        +   1,325        +  10,943
    Total bought outright (3)                                  428,001        -   1,480        +  34,793
  Held under repurchase agreements (1)                           4,302        +   2,387        -   4,088
     Total U.S. government securities                          432,303        +     907        +  30,705
       Total loans and securities                              434,063        +     836        +  29,832
					      
Items in process of collection                      (353)       14,170        +   6,170        +   3,200
Bank premises                                                    1,277                0        +      34
Other assets (4)                                                28,783        -   2,392        +     414
                TOTAL ASSETS                        (353)      499,119        +   4,618        +  33,127
					      
                LIABILITIES
Federal Reserve notes                                          449,221        +   1,735        +  30,586
Deposits		 		     
  Depository institutions                                       18,951        -     795        +     816
  U.S. Treasury--general account                                 4,699        +     299        -     872
  Foreign--official accounts                                       170        +      19        +       7
    Other                                                          405        +       3        +      76
      Total deposits                                            24,225        -     475        +      27
Deferred availability cash items                    (353)        9,740        +   3,397        +     753
Other liabilities and accrued dividends (5)                      4,715        -      44        +     114
                TOTAL LIABILITIES                   (353)      487,902        +   4,613        +  31,479
					      
                CAPITAL ACCOUNTS
Capital paid in                                                  5,474        +       2        +     770
Surplus                                                          5,220                0        +     776
Other capital accounts                                             524        +       3        +     102

*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 $ 2050 million of inflation-indexed securities valued at the original face amount and 
   $ 20 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
3  Net of $ 17,281 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes $ 265 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 $ 175 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,  February 18, 1998
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          9          0     Within 15 days          17,291   +   3,461      1,070   -      70
16 to 90 days           6          0     16 to 90 days           92,274   -   2,031         94           0
Over 90 days            0          0     91 days to 1 year      138,959   -     204        150           0
                                         Over 1 to 5 years       94,305   -     179        151           0
                                         Over 5 to 10 years      39,841   -   1,465        255           0
                                         Over 10 years           49,633   +   1,325         25           0
    Total              15          0         Total              432,303   +     907      1,745   -      70

1  Includes $ 2050 million of inflation-indexed securities valued at the original face amount and 
   $ 20 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  February 18, 1998
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                                             580         35         25         67         36         72         57         77         23         23         35         51         79
				       
Loans                                             15          0          0          1          0          0          5          2          0          1          5          0          0
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Federal agency obligations	       
  Bought outright                                675         41        218         23         47         64         45         72         27          9         19         24         85
  Held under repurchase agreements(1)          1,070          0      1,070          0          0          0          0          0          0          0          0          0          0
U.S. government securities	       
  Bought outright--Bills                     194,869     11,880     63,030      6,515     13,479     18,541     13,004     20,786      7,761      2,714      5,564      7,077     24,518
                   Notes (2)                 172,401     10,510     55,763      5,764     11,925     16,403     11,504     18,389      6,867      2,401      4,923      6,261     21,691
                   Bonds                      60,732      3,702     19,644      2,030      4,201      5,778      4,053      6,478      2,419        846      1,734      2,206      7,641
     Total bought outright(3)                428,001     26,092    138,437     14,308     29,605     40,723     28,561     45,653     17,047      5,961     12,221     15,543     53,849
  Held under repurchase agreements(1)          4,302          0      4,302          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             432,303     26,092    142,739     14,308     29,605     40,723     28,561     45,653     17,047      5,961     12,221     15,543     53,849
       Total loans and securities            434,063     26,133    144,028     14,332     29,652     40,787     28,611     45,727     17,074      5,971     12,246     15,568     53,934
				       
Items in process of collection                14,523        814      2,012        746        985      1,381      1,841      1,122        535        926        768        739      2,653
Bank premises                                  1,277         94        156         50        138        126         79        107         32        132         55        150        159
Other assets(4)                               28,783      1,435      8,077      1,239      1,780      3,709      1,806      2,865        794        785        692      1,269      4,332
Interdistrict settlement account                   0     -3,738    +28,293     -2,300     -1,990    -11,119     -1,585     -5,370     -2,059     -1,552       +947     +6,860     -6,387
          TOTAL ASSETS                       499,473     25,927    189,727     14,767     31,844     36,714     32,133     46,498     17,139      6,555     15,275     25,463     57,431

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 $ 2050 million of inflation-indexed securities valued at the original face amount and 
   $ 20 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
3  Net of $ 17,281 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes $ 265 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 $ 175 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  February 18, 1998
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                        449,221     22,451    177,318     12,336     29,114     31,813     28,315     41,173     15,781      4,939     13,484     22,826     49,672
Deposits			      	      
  Depository institutions                     18,951      2,079      2,531      1,266      1,242      1,910      1,581      2,729        536        416        679      1,315      2,668
  U.S. Treasury--general account               4,699          0      4,699          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                     170          7         56          8          9         22          9         14          3          5          3          7         26
  Other                                          405          1        134          1          3         74          4        178          1          0          2          3          4
    Total deposits                            24,226      2,087      7,420      1,274      1,254      2,006      1,594      2,921        540        422        685      1,326      2,697
Deferred credit items                         10,093        556      1,196        333        428        766      1,159        836        376        716        663        548      2,515
Other liabilities and accrued	      	      
  dividends (1)                                4,715        289      1,456        186        313        433        334        496        199         98        167        187        556
    TOTAL LIABILITIES                        488,255     25,382    187,391     14,129     31,109     35,019     31,402     45,427     16,895      6,176     14,998     24,887     55,441
				      	      
       CAPITAL ACCOUNTS		      	      
Capital paid in                                5,474        263      1,109        317        357        834        361        522        115        189        136        287        984
Surplus                                        5,220        254      1,055        273        335        818        338        502        122        189        119        271        945
Other capital accounts                           524         29        172         48         42         44         32         47          6          1         22         19         61
     TOTAL LIABILITIES AND CAPITAL    	      
        ACCOUNTS                             499,473     25,927    189,727     14,767     31,844     36,714     32,133     46,498     17,139      6,555     15,275     25,463     57,431
				      	      
FEDERAL RESERVE AGENTS' ACCOUNTS      	      
				      	      
F.R. notes outstanding                       549,015     27,562    207,527     16,229     32,520     38,711     37,085     49,850     18,129      6,552     15,908     28,656     70,287
  Less--Held by F.R. Banks                    99,794      5,111     30,209      3,893      3,406      6,898      8,770      8,677      2,348      1,613      2,424      5,830     20,615
  F.R. notes, net                            449,221     22,451    177,318     12,336     29,114     31,813     28,315     41,173     15,781      4,939     13,484     22,826     49,672
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          428,974
     Total collateral                        449,221

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: February 19, 1998