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Release Date: March 12, 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
March 12, 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 Mar 11, 1998 Mar 4, 1998 Mar 12, 1997 Mar 11, 1998
Reserve Bank Credit (1,2) 467,527 + 1,161 + 30,213 475,036
U.S. government securities
Bought outright-system account (3) 430,335 + 1,413 + 35,009 432,521
Held under repurchase agreements 2,850 - 1,150 - 5,495 6,940
Federal agency obligations
Bought outright 667 - 7 - 1,344 625
Held under repurchase agreements 2,415 + 407 + 1,121 3,419
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 3 + 1 + 1 2
Seasonal credit 19 + 5 - 7 16
Extended credit 0 0 0 0
Float 596 + 480 + 152 424
Other F.R. assets 30,642 + 13 + 776 31,089
Gold stock 11,049 0 - 1 11,050
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,746 + 14 + 620 25,746
Total factors supplying reserve funds 513,522 + 1,175 + 30,831 521,031
Currency in circulation* 473,893 + 1,032 + 30,381 475,059
Treasury cash holdings* 245 + 4 - 38 255
Deposits,other than reserve balances,with F.R.Banks
Treasury 4,867 - 580 - 301 4,556
Foreign 159 - 57 - 16 159
Service-related balances and adjustments (4) 7,129 + 100 - 195 7,129
Other 376 + 7 - 32 379
Other F.R. liabilities and capital 16,409 + 212 + 2,013 16,031
Total factors, other than reserve balances,
absorbing reserve funds 503,079 + 718 + 31,812 503,567
Reserve balances with F.R. Banks (5) 10,442 + 457 - 980 17,464
On March 11, 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 610,249 million, a change of
+$ 1,072 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,833 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,833 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,524 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,524 million was with foreign official and international
accounts. Includes $ 100 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2050 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 $ 6,704 million and adjustments of $ 425 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
Mar 11, 1998 Mar 4, 1998 Mar 12, 1997
ASSETS
Gold certificate account 11,050 0 - 1
Special drawing rights certificate account 9,200 0 0
Coin 551 - 15 - 150
Loans 18 0 - 17
Acceptances 0 0 0
Federal agency obligations
Bought outright 625 - 50 - 1,387
Held under repurchase agreements (1) 3,419 + 2,004 + 1,240
U.S. government securities
Bought outright--Bills 195,626 - 334 + 4,053
Notes (2) 176,164 + 3,764 + 23,061
Bonds 60,732 0 + 9,333
Total bought outright (3) 432,521 + 3,430 + 36,446
Held under repurchase agreements (1) 6,940 + 3,842 - 5,869
Total U.S. government securities 439,461 + 7,272 + 30,577
Total loans and securities 443,523 + 9,226 + 30,413
Items in process of collection (417) 7,155 - 974 + 580
Bank premises 1,279 + 2 + 31
Other assets (4) 29,753 + 684 + 487
TOTAL ASSETS (417) 502,510 + 8,924 + 31,359
LIABILITIES
Federal Reserve notes 450,119 + 686 + 29,741
Deposits
Depository institutions 24,828 + 9,482 + 519
U.S. Treasury--general account 4,556 - 223 - 729
Foreign--official accounts 159 - 83 - 63
Other 379 - 1 - 30
Total deposits 29,922 + 9,175 - 303
Deferred availability cash items (417) 6,439 - 1,060 + 406
Other liabilities and accrued dividends (5) 4,840 + 282 + 48
TOTAL LIABILITIES (417) 491,320 + 9,083 + 29,892
CAPITAL ACCOUNTS
Capital paid in 5,428 - 52 + 673
Surplus 5,220 0 + 744
Other capital accounts 542 - 108 + 50
*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
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 16,524 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 100 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, March 11, 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 2 0 Within 15 days 14,600 - 2,794 3,419 + 1,954
16 to 90 days 16 0 16 to 90 days 98,503 + 717 74 + 30
Over 90 days 0 0 91 days to 1 year 139,638 + 7,086 175 + 25
Over 1 to 5 years 97,245 + 2,262 126 - 25
Over 5 to 10 years 39,841 0 225 - 30
Over 10 years 49,633 0 25 0
Total 18 0 Total 439,461 + 7,272 4,044 + 1,954
1 Includes $ 2050 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 March 11, 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 11,050 624 3,937 350 669 965 723 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 551 33 26 65 36 70 48 73 17 24 32 44 82
Loans 18 0 0 0 0 0 5 6 0 5 1 0 1
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 625 38 202 21 43 59 42 67 25 9 18 23 79
Held under repurchase agreements(1) 3,419 0 3,419 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 195,626 11,926 63,275 6,540 13,532 18,613 13,054 20,866 7,792 2,724 5,586 7,104 24,613
Notes (2) 176,164 10,739 56,980 5,889 12,185 16,761 11,756 18,790 7,016 2,453 5,030 6,398 22,164
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) 432,521 26,368 139,899 14,460 29,918 41,153 28,862 46,135 17,227 6,024 12,350 15,708 54,418
Held under repurchase agreements(1) 6,940 0 6,940 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 439,461 26,368 146,839 14,460 29,918 41,153 28,862 46,135 17,227 6,024 12,350 15,708 54,418
Total loans and securities 443,523 26,406 150,460 14,480 29,961 41,212 28,909 46,207 17,252 6,038 12,370 15,730 54,497
Items in process of collection 7,572 424 781 256 287 453 1,159 690 319 487 369 357 1,990
Bank premises 1,279 94 156 50 139 126 79 107 31 132 55 150 159
Other assets(4) 29,753 1,482 8,471 1,270 1,835 3,791 1,862 2,956 826 804 717 1,301 4,438
Interdistrict settlement account 0 -4,165 +25,616 -2,357 -1,369 -9,836 -876 -5,702 -2,085 -690 +1,429 +7,471 -7,437
TOTAL ASSETS 502,927 25,428 192,650 14,397 32,133 37,573 32,508 46,300 17,101 7,064 15,503 25,878 56,390
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
$ 21 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Net of $ 16,524 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 100 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 March 11, 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 450,119 22,450 176,425 12,498 29,248 32,508 28,612 41,306 15,697 5,113 13,651 23,068 49,543
Deposits
Depository institutions 24,828 1,785 6,914 850 1,514 2,285 1,976 2,627 718 960 955 1,748 2,498
U.S. Treasury--general account 4,556 0 4,556 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 159 7 44 8 9 22 9 14 3 5 3 7 26
Other 379 1 103 1 3 67 1 191 0 0 10 1 1
Total deposits 29,922 1,793 11,617 858 1,527 2,374 1,986 2,831 722 966 968 1,756 2,525
Deferred credit items 6,856 400 775 215 299 533 828 577 234 504 435 304 1,752
Other liabilities and accrued
dividends (1) 4,840 293 1,490 189 322 448 343 508 203 100 172 195 577
TOTAL LIABILITIES 491,737 24,935 190,306 13,759 31,396 35,862 31,769 45,223 16,857 6,684 15,226 25,323 54,396
CAPITAL ACCOUNTS
Capital paid in 5,428 211 1,114 317 358 840 363 525 115 190 136 275 985
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 542 29 175 48 44 53 37 50 8 2 23 9 64
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 502,927 25,428 192,650 14,397 32,133 37,573 32,508 46,300 17,101 7,064 15,503 25,878 56,390
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 550,756 27,264 210,552 15,957 32,366 38,995 36,937 49,802 17,915 6,564 15,806 28,554 70,042
Less--Held by F.R. Banks 100,637 4,814 34,127 3,459 3,118 6,488 8,326 8,496 2,218 1,450 2,155 5,486 20,500
F.R. notes, net 450,119 22,450 176,425 12,498 29,248 32,508 28,612 41,306 15,697 5,113 13,651 23,068 49,543
Collateral held against F.R. notes
Gold certificate account 11,050
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 429,869
Total collateral 450,119
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: March 12, 1998