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Release Date: May 14, 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
May 14, 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 May 13, 1998 May 6, 1998 May 14, 1997 May 13, 1998
Reserve Bank Credit (1,2) 469,128 - 4,645 + 18,934 471,369
U.S. government securities
Bought outright-system account (3) 434,600 - 3,054 + 29,748 437,644
Held under repurchase agreements 0 - 2,247 - 11,330 0
Federal agency obligations
Bought outright 551 0 - 1,420 551
Held under repurchase agreements 0 - 279 - 450 0
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 153 + 129 + 137 10
Seasonal credit 73 + 4 - 82 79
Extended credit 0 0 0 0
Float 1,093 + 551 + 1,031 264
Other F.R. assets 32,659 + 253 + 1,300 32,820
Gold stock 11,048 0 - 3 11,048
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,872 + 14 + 619 25,872
Total factors supplying reserve funds 515,248 - 4,631 + 19,550 517,489
Currency in circulation* 478,436 + 1,333 + 30,365 479,285
Treasury cash holdings* 248 - 23 - 68 248
Deposits,other than reserve balances,with F.R.Banks
Treasury 6,055 - 2,386 - 8,605 5,127
Foreign 166 + 6 - 5 155
Service-related balances and adjustments (4) 6,647 - 106 - 495 6,647
Other 377 - 7 + 29 373
Other F.R. liabilities and capital 16,691 - 77 + 1,529 16,168
Total factors, other than reserve balances,
absorbing reserve funds 508,620 - 1,261 + 22,749 508,003
Reserve balances with F.R. Banks (5) 6,628 - 3,370 - 3,199 9,485
On May 13, 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 606,862 million, a change of
+$ 1,071 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 23,601 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 $ 20,556 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,136 million was with foreign official and international
accounts. Includes $ 130 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 30 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,447 million and adjustments of $ 200 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
May 13, 1998 May 6, 1998 May 14, 1997
ASSETS
Gold certificate account 11,048 0 - 3
Special drawing rights certificate account 9,200 0 0
Coin 449 - 8 - 143
Loans 89 + 20 - 101
Acceptances 0 0 0
Federal agency obligations
Bought outright 551 0 - 1,420
Held under repurchase agreements (1) 0 0 - 414
U.S. government securities
Bought outright--Bills 195,143 - 38 - 672
Notes (2) 180,588 + 1 + 22,818
Bonds (3) 61,914 0 + 8,997
Total bought outright (4) 437,644 - 37 + 31,144
Held under repurchase agreements (1) 0 0 - 11,596
Total U.S. government securities 437,644 - 37 + 19,548
Total loans and securities 438,284 - 17 + 17,613
Items in process of collection (482) 6,749 - 1,794 + 528
Bank premises 1,287 + 2 + 44
Other assets (5) 31,379 + 336 + 940
TOTAL ASSETS (482) 498,395 - 1,481 + 18,979
LIABILITIES
Federal Reserve notes 454,110 + 429 + 29,403
Deposits
Depository institutions 16,120 - 1,608 - 548
U.S. Treasury--general account 5,127 + 1,020 - 11,710
Foreign--official accounts 155 + 1 - 3
Other 373 - 2 + 18
Total deposits 21,776 - 589 - 12,244
Deferred availability cash items (482) 6,341 - 1,040 + 653
Other liabilities and accrued dividends (6) 4,771 - 31 - 240
TOTAL LIABILITIES (482) 486,999 - 1,230 + 17,572
CAPITAL ACCOUNTS
Capital paid in 5,563 + 76 + 755
Surplus 5,220 0 + 725
Other capital accounts 613 - 328 - 73
*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 $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 29 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 400 million of inflation-indexed securities valued at the original face amount and
$ 1 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 20,556 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 130 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 183 million in Treasury bills maturing within 90 days.
6 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, May 13, 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 20 0 Within 15 days 13,312 + 395 0 0
16 to 90 days 69 0 16 to 90 days 87,861 - 663 50 + 50
Over 90 days 0 0 91 days to 1 year 146,298 + 230 125 - 50
Over 1 to 5 years 98,773 0 126 0
Over 5 to 10 years 40,623 0 225 0
Over 10 years 50,777 0 25 0
Total 89 0 Total 437,644 - 37 551 0
1 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 30 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 May 13, 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 11,048 582 4,208 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 449 24 27 38 28 49 46 60 18 21 41 34 63
Loans 89 0 0 1 0 5 5 21 10 24 12 0 11
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 551 30 204 16 36 43 33 53 19 6 15 25 69
Held under repurchase agreements(1) 0 0 0 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 195,143 10,628 72,328 5,674 12,683 15,372 11,871 18,734 6,858 2,144 5,413 8,873 24,566
Notes (2) 180,588 9,835 66,933 5,250 11,737 14,226 10,985 17,337 6,346 1,984 5,010 8,211 22,734
Bonds (3) 61,914 3,372 22,948 1,800 4,024 4,877 3,766 5,944 2,176 680 1,718 2,815 7,794
Total bought outright(4) 437,644 23,835 162,209 12,724 28,444 34,475 26,622 42,015 15,379 4,808 12,141 19,899 55,094
Held under repurchase agreements(1) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 437,644 23,835 162,209 12,724 28,444 34,475 26,622 42,015 15,379 4,808 12,141 19,899 55,094
Total loans and securities 438,284 23,865 162,413 12,741 28,479 34,524 26,661 42,088 15,409 4,838 12,168 19,924 55,174
Items in process of collection 7,230 503 846 329 317 469 810 591 335 589 497 350 1,591
Bank premises 1,287 93 157 50 144 126 82 107 31 132 54 150 160
Other assets(5) 31,379 1,531 9,277 1,285 1,928 3,786 1,933 3,045 853 796 765 1,482 4,697
Interdistrict settlement account 0 -2,058 +11,828 -176 -983 -3,623 +278 -1,575 -629 +184 +1,401 +3,048 -7,695
TOTAL ASSETS 498,877 25,070 191,958 14,872 31,131 36,930 31,130 46,215 16,717 6,812 15,462 25,886 56,696
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 $ 2,050 million of inflation-indexed securities valued at the original face amount and
$ 29 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 400 million of inflation-indexed securities valued at the original face amount and
$ 1 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 20,556 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 130 million securities loaned--fully secured by U.S. government
securities.
5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes
special investment account at Chicago of $ 183 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 May 13, 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 454,110 22,587 179,755 12,983 28,724 32,908 26,891 42,025 15,373 5,417 13,962 23,258 50,227
Deposits
Depository institutions 16,120 1,281 2,113 935 969 1,127 2,421 1,958 633 377 611 1,531 2,165
U.S. Treasury--general account 5,127 0 5,127 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 155 7 40 8 9 22 9 14 3 5 3 7 26
Other 373 1 104 1 3 78 1 183 0 0 2 1 0
Total deposits 21,776 1,289 7,384 943 982 1,227 2,431 2,155 636 382 616 1,539 2,191
Deferred credit items 6,823 434 803 217 339 538 736 490 278 543 443 320 1,681
Other liabilities and accrued
dividends (1) 4,771 266 1,573 175 308 399 324 467 186 89 167 231 587
TOTAL LIABILITIES 487,481 24,576 189,514 14,318 30,353 35,072 30,383 45,137 16,473 6,431 15,188 25,349 54,686
CAPITAL ACCOUNTS
Capital paid in 5,563 214 1,156 267 385 981 369 528 116 191 134 234 989
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 613 26 233 14 57 59 40 48 6 2 21 32 76
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 498,877 25,070 191,958 14,872 31,131 36,930 31,130 46,215 16,717 6,812 15,462 25,886 56,696
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 563,638 26,754 224,375 15,578 31,864 39,988 35,623 50,946 17,662 7,059 16,249 28,794 68,746
Less--Held by F.R. Banks 109,528 4,167 44,620 2,594 3,140 7,080 8,732 8,921 2,289 1,642 2,288 5,536 18,518
F.R. notes, net 454,110 22,587 179,755 12,983 28,724 32,908 26,891 42,025 15,373 5,417 13,962 23,258 50,227
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 433,862
Total collateral 454,110
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: May 14, 1998