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Release Date: May 28, 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 28, 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 27, 1998 May 20, 1998 May 28, 1997 May 27, 1998
Reserve Bank Credit (1,2) 471,997 - 1,989 + 29,290 474,465
U.S. government securities
Bought outright-system account (3) 440,583 - 930 + 34,527 442,643
Held under repurchase agreements 0 - 421 - 4,889 0
Federal agency obligations
Bought outright 551 0 - 1,420 551
Held under repurchase agreements 0 - 150 - 631 0
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 75 + 69 + 57 1
Seasonal credit 117 + 20 - 92 124
Extended credit 0 0 0 0
Float 324 - 425 + 279 657
Other F.R. assets 30,346 - 152 + 1,459 30,490
Gold stock 11,049 0 - 3 11,049
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,900 + 14 + 626 25,900
Total factors supplying reserve funds 518,145 - 1,975 + 29,913 520,614
Currency in circulation* 480,928 + 2,438 + 30,076 482,307
Treasury cash holdings* 237 - 10 - 91 226
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,179 - 248 + 126 5,013
Foreign 172 + 4 - 14 179
Service-related balances and adjustments (4) 6,739 - 44 - 319 6,739
Other 359 - 10 - 10 311
Other F.R. liabilities and capital 16,505 + 43 + 1,497 16,294
Total factors, other than reserve balances,
absorbing reserve funds 510,119 + 2,172 + 31,266 511,070
Reserve balances with F.R. Banks (5) 8,026 - 4,147 - 1,353 9,544
On May 27, 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 606,305 million, a change of
-$ 2,395 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 17,619 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 15,796 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 15,560 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 15,560 million was with foreign official and international
accounts. Includes $ 280 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
$ 31 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,422 million and adjustments of $ 318 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 27, 1998 May 20, 1998 May 28, 1997
ASSETS
Gold certificate account 11,049 0 - 2
Special drawing rights certificate account 9,200 0 0
Coin 404 - 30 - 122
Loans 125 - 10 - 101
Acceptances 0 0 0
Federal agency obligations
Bought outright 551 0 - 1,420
Held under repurchase agreements (1) 0 - 1,050 - 827
U.S. government securities
Bought outright--Bills 200,140 - 178 + 4,533
Notes (2) 180,590 + 1 + 22,819
Bonds (3) 61,914 0 + 8,998
Total bought outright (4) 442,643 - 177 + 36,350
Held under repurchase agreements (1) 0 - 2,945 - 5,213
Total U.S. government securities 442,643 - 3,122 + 31,137
Total loans and securities 443,319 - 4,182 + 28,789
Items in process of collection (469) 10,106 + 2,919 + 1,326
Bank premises 1,287 - 1 + 43
Other assets (5) 29,143 + 218 + 1,217
TOTAL ASSETS (469) 504,508 - 1,075 + 31,251
LIABILITIES
Federal Reserve notes 457,038 + 2,310 + 29,088
Deposits
Depository institutions 16,656 - 6,069 - 488
U.S. Treasury--general account 5,013 + 317 + 189
Foreign--official accounts 179 + 5 - 44
Other 311 - 61 - 59
Total deposits 22,159 - 5,808 - 402
Deferred availability cash items (469) 9,016 + 2,381 + 1,071
Other liabilities and accrued dividends (6) 4,639 - 76 - 160
TOTAL LIABILITIES (469) 492,853 - 1,194 + 29,597
CAPITAL ACCOUNTS
Capital paid in 5,720 + 62 + 894
Surplus 5,220 0 + 725
Other capital accounts 714 + 56 + 35
*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
$ 30 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 $ 15,560 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 280 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 $ 155 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 27, 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 116 0 Within 15 days 16,211 - 1,536 0 - 1,050
16 to 90 days 9 0 16 to 90 days 96,740 + 4,800 50 0
Over 90 days 0 0 91 days to 1 year 139,033 - 6,387 125 0
Over 1 to 5 years 96,868 0 126 0
Over 5 to 10 years 43,013 0 225 0
Over 10 years 50,777 0 25 0
Total 125 0 Total 442,643 - 3,122 551 - 1,050
1 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 31 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 27, 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 11,049 582 4,209 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 404 21 24 29 22 41 48 51 19 18 39 35 57
Loans 125 0 0 1 0 0 5 30 15 44 18 0 13
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 200,140 10,900 74,180 5,819 13,008 15,766 12,175 19,214 7,033 2,199 5,552 9,100 25,195
Notes (2) 180,590 9,835 66,934 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) 442,643 24,107 164,061 12,869 28,769 34,869 26,926 42,495 15,555 4,863 12,279 20,126 55,723
Held under repurchase agreements(1) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 442,643 24,107 164,061 12,869 28,769 34,869 26,926 42,495 15,555 4,863 12,279 20,126 55,723
Total loans and securities 443,319 24,137 164,265 12,886 28,804 34,912 26,965 42,577 15,589 4,913 12,312 20,151 55,805
Items in process of collection 10,575 653 1,011 470 529 1,204 1,003 805 471 860 824 403 2,343
Bank premises 1,287 93 157 50 144 126 82 107 31 132 54 150 160
Other assets(5) 29,143 1,407 8,476 1,223 1,783 3,611 1,797 2,804 774 772 704 1,380 4,412
Interdistrict settlement account 0 -2,544 +13,245 -317 -1,615 -3,645 +229 -2,183 -834 +142 +1,420 +3,571 -7,470
TOTAL ASSETS 504,976 24,880 194,589 14,948 30,885 37,848 31,443 46,060 16,748 7,088 15,889 26,586 58,013
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
$ 30 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 $ 15,560 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 280 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 $ 155 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 27, 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 457,038 22,561 180,560 13,127 28,577 32,960 27,678 41,813 15,379 5,480 14,096 23,800 51,009
Deposits
Depository institutions 16,656 1,014 3,910 779 785 1,371 1,756 1,762 566 414 643 1,594 2,063
U.S. Treasury--general account 5,013 0 5,013 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 179 7 64 8 9 22 9 14 3 5 3 7 26
Other 311 1 139 1 3 43 -38 156 0 1 1 1 1
Total deposits 22,159 1,022 9,127 787 797 1,437 1,728 1,933 570 419 648 1,602 2,090
Deferred credit items 9,485 545 921 310 425 1,060 857 781 375 719 709 434 2,347
Other liabilities and accrued
dividends (1) 4,639 259 1,527 170 298 393 321 453 181 89 162 223 563
TOTAL LIABILITIES 493,322 24,387 192,135 14,394 30,097 35,850 30,584 44,980 16,505 6,707 15,615 26,059 56,009
CAPITAL ACCOUNTS
Capital paid in 5,720 214 1,161 268 385 1,036 457 532 116 191 135 235 990
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 714 25 238 13 67 144 63 45 5 2 21 22 70
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 504,976 24,880 194,589 14,948 30,885 37,848 31,443 46,060 16,748 7,088 15,889 26,586 58,013
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 565,846 26,589 226,630 15,655 31,549 39,775 36,051 50,594 17,607 7,085 16,421 29,264 68,628
Less--Held by F.R. Banks 108,807 4,028 46,070 2,528 2,972 6,815 8,373 8,781 2,227 1,605 2,325 5,464 17,619
F.R. notes, net 457,038 22,561 180,560 13,127 28,577 32,960 27,678 41,813 15,379 5,480 14,096 23,800 51,009
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 436,790
Total collateral 457,038
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 28, 1998