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Release Date: March 19, 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 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 Mar 18, 1998 Mar 11, 1998 Mar 19, 1997 Mar 18, 1998
Reserve Bank Credit (1,2) 468,414 + 928 + 30,146 469,339
U.S. government securities
Bought outright-system account (3) 432,541 + 2,206 + 35,459 432,708
Held under repurchase agreements 2,216 - 634 - 5,027 3,001
Federal agency obligations
Bought outright 625 - 43 - 1,387 625
Held under repurchase agreements 1,478 - 937 + 512 1,220
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 2 - 1 - 297 2
Seasonal credit 20 + 2 - 14 23
Extended credit 0 0 0 0
Float 588 + 28 + 78 594
Other F.R. assets 30,945 + 308 + 823 31,165
Gold stock 11,049 0 - 1 11,049
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,760 + 14 + 618 25,760
Total factors supplying reserve funds 514,423 + 942 + 30,763 515,348
Currency in circulation* 474,061 + 167 + 30,481 474,719
Treasury cash holdings* 256 + 11 - 47 259
Deposits,other than reserve balances,with F.R.Banks
Treasury 6,294 + 1,427 - 1,184 5,745
Foreign 176 + 17 + 10 156
Service-related balances and adjustments (4) 6,981 - 148 - 48 6,981
Other 372 - 5 - 48 357
Other F.R. liabilities and capital 16,178 - 231 + 1,545 15,879
Total factors, other than reserve balances,
absorbing reserve funds 504,317 + 1,238 + 30,709 504,095
Reserve balances with F.R. Banks (5) 10,106 - 295 + 54 11,253
On March 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 613,242 million, a change of
+$ 2,993 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,504 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,504 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,338 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,338 million was with foreign official and international
accounts. Includes $ 210 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 $ 6,734 million and adjustments of $ 247 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 18, 1998 Mar 11, 1998 Mar 19, 1997
ASSETS
Gold certificate account 11,049 - 1 - 1
Special drawing rights certificate account 9,200 0 0
Coin 536 - 15 - 154
Loans 26 + 8 - 1,168
Acceptances 0 0 0
Federal agency obligations
Bought outright 625 0 - 1,387
Held under repurchase agreements (1) 1,220 - 2,199 + 15
U.S. government securities
Bought outright--Bills 195,812 + 186 + 4,531
Notes (2) 176,165 + 1 + 21,638
Bonds 60,732 0 + 9,333
Total bought outright (3) 432,708 + 187 + 35,502
Held under repurchase agreements (1) 3,001 - 3,939 - 6,888
Total U.S. government securities 435,709 - 3,752 + 28,614
Total loans and securities 437,579 - 5,943 + 26,075
Items in process of collection (448) 7,193 + 37 + 814
Bank premises 1,280 + 1 + 31
Other assets (4) 29,856 + 104 + 708
TOTAL ASSETS (448) 496,692 - 5,817 + 27,472
LIABILITIES
Federal Reserve notes 449,753 - 366 + 29,713
Deposits
Depository institutions 17,967 - 6,862 - 1,279
U.S. Treasury--general account 5,745 + 1,189 - 3,291
Foreign--official accounts 156 - 3 - 7
Other 357 - 22 - 55
Total deposits 24,224 - 5,698 - 4,632
Deferred availability cash items (448) 6,836 + 398 + 1,010
Other liabilities and accrued dividends (5) 4,692 - 149 - 4
TOTAL LIABILITIES (448) 485,505 - 5,814 + 26,087
CAPITAL ACCOUNTS
Capital paid in 5,430 + 3 + 673
Surplus 5,220 0 + 706
Other capital accounts 536 - 6 + 5
*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 $ 16,338 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 210 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 $ 174 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 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 26 0 Within 15 days 15,517 + 917 1,220 - 2,199
16 to 90 days 0 0 16 to 90 days 93,598 - 4,905 74 0
Over 90 days 0 0 91 days to 1 year 139,873 + 235 175 0
Over 1 to 5 years 97,246 0 126 0
Over 5 to 10 years 39,842 0 225 0
Over 10 years 49,633 0 25 0
Total 26 0 Total 435,709 - 3,752 1,845 - 2,199
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 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 11,049 624 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 536 33 27 64 35 70 44 71 16 24 31 41 81
Loans 26 0 0 0 0 0 5 11 0 7 1 0 2
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) 1,220 0 1,220 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 195,812 11,937 63,335 6,546 13,545 18,631 13,067 20,886 7,799 2,727 5,591 7,111 24,636
Notes (2) 176,165 10,739 56,981 5,889 12,186 16,761 11,756 18,791 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) 432,708 26,379 139,960 14,466 29,931 41,171 28,875 46,155 17,234 6,026 12,356 15,714 54,442
Held under repurchase agreements(1) 3,001 0 3,001 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 435,709 26,379 142,961 14,466 29,931 41,171 28,875 46,155 17,234 6,026 12,356 15,714 54,442
Total loans and securities 437,579 26,417 144,383 14,487 29,974 41,230 28,921 46,232 17,259 6,041 12,375 15,737 54,522
Items in process of collection 7,641 421 1,057 290 359 480 969 612 287 542 293 474 1,858
Bank premises 1,280 94 156 50 139 126 80 107 31 132 55 150 159
Other assets(4) 29,856 1,497 8,411 1,280 1,854 3,817 1,876 2,974 836 807 724 1,310 4,471
Interdistrict settlement account 0 -4,757 +26,916 -2,331 -1,985 -9,688 -1,110 -5,175 -2,328 -957 +1,169 +7,382 -7,135
TOTAL ASSETS 497,140 24,859 188,089 14,472 31,619 37,792 32,104 46,789 16,842 6,859 15,179 25,919 56,617
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 $ 16,338 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 210 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 $ 174 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 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 449,753 22,342 175,247 12,603 28,998 32,737 28,627 41,757 15,409 5,221 13,557 23,309 49,945
Deposits
Depository institutions 17,967 1,311 2,148 815 1,206 2,283 1,504 2,692 727 637 744 1,549 2,351
U.S. Treasury--general account 5,745 0 5,745 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 156 7 41 8 9 22 9 14 3 5 3 7 26
Other 357 1 107 0 3 62 2 177 0 0 3 1 1
Total deposits 24,224 1,319 8,040 823 1,218 2,368 1,515 2,883 730 643 749 1,557 2,378
Deferred credit items 7,284 416 1,044 219 353 544 889 574 259 514 427 309 1,736
Other liabilities and accrued
dividends (1) 4,692 288 1,417 186 314 439 335 496 199 100 168 190 561
TOTAL LIABILITIES 485,953 24,365 185,748 13,832 30,883 36,088 31,366 45,709 16,597 6,478 14,902 25,365 54,620
CAPITAL ACCOUNTS
Capital paid in 5,430 211 1,114 317 358 840 363 526 115 190 136 275 985
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 536 29 173 51 42 46 37 52 8 2 22 8 67
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 497,140 24,859 188,089 14,472 31,619 37,792 32,104 46,789 16,842 6,859 15,179 25,919 56,617
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 551,759 27,052 210,504 16,019 32,215 39,260 37,097 50,308 17,776 6,615 15,835 28,673 70,406
Less--Held by F.R. Banks 102,006 4,710 35,257 3,415 3,216 6,523 8,470 8,551 2,367 1,393 2,278 5,364 20,461
F.R. notes, net 449,753 22,342 175,247 12,603 28,998 32,737 28,627 41,757 15,409 5,221 13,557 23,309 49,945
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 429,504
Total collateral 449,753
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 19, 1998