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Release Date: June 11, 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
June 11, 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 Jun 10, 1998 Jun 3, 1998 Jun 11, 1997 Jun 10, 1998
Reserve Bank Credit (1,2) 472,597 - 3,950 + 29,231 469,839
U.S. government securities
Bought outright-system account (3) 440,534 - 819 + 34,857 439,240
Held under repurchase agreements 0 - 2,838 - 4,512 0
Federal agency obligations
Bought outright 551 0 - 1,094 551
Held under repurchase agreements 0 - 593 - 1,285 0
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 112 + 77 + 87 728
Seasonal credit 132 + 4 - 57 142
Extended credit 0 0 0 0
Float 799 + 398 + 470 -1,419
Other F.R. assets 30,469 - 178 + 765 30,598
Gold stock 11,048 - 1 - 2 11,048
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,928 + 14 + 631 25,928
Total factors supplying reserve funds 518,772 - 3,937 + 29,860 516,015
Currency in circulation* 481,565 + 105 + 29,963 482,696
Treasury cash holdings* 224 - 3 - 120 207
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,031 - 310 - 223 5,087
Foreign 162 + 2 - 9 152
Service-related balances and adjustments (4) 6,589 - 86 - 465 6,589
Other 336 + 16 - 32 346
Other F.R. liabilities and capital 16,709 - 13 + 963 16,656
Total factors, other than reserve balances,
absorbing reserve funds 510,616 - 289 + 30,076 511,734
Reserve balances with F.R. Banks (5) 8,157 - 3,648 - 217 4,281
On June 10, 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 603,167 million, a change of
-$ 149 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 17,670 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,698 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 18,965 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,065 million was with foreign official and international
accounts. Includes $ 71 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
$ 33 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,449 million and adjustments of $ 140 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
Jun 10, 1998 Jun 3, 1998 Jun 11, 1997
ASSETS
Gold certificate account 11,048 0 - 2
Special drawing rights certificate account 9,200 0 0
Coin 398 + 14 - 114
Loans 870 + 536 + 573
Acceptances 0 0 0
Federal agency obligations
Bought outright 551 0 - 1,046
Held under repurchase agreements (1) 0 - 1,330 - 1,635
U.S. government securities
Bought outright--Bills 196,734 - 2,343 + 2,347
Notes (2) 180,591 + 1 + 22,821
Bonds (3) 61,914 0 + 8,998
Total bought outright (4) 439,240 - 2,342 + 34,166
Held under repurchase agreements (1) 0 - 4,194 - 5,759
Total U.S. government securities 439,240 - 6,536 + 28,407
Total loans and securities 440,661 - 7,330 + 26,299
Items in process of collection (465) 6,924 - 1,783 + 795
Bank premises 1,293 + 6 + 46
Other assets (5) 29,280 - 193 + 403
TOTAL ASSETS (465) 498,803 - 9,287 + 27,426
LIABILITIES
Federal Reserve notes 457,373 + 429 + 29,348
Deposits
Depository institutions 12,860 - 8,660 - 4,445
U.S. Treasury--general account 5,087 - 123 + 311
Foreign--official accounts 152 - 10 - 35
Other 346 + 12 - 15
Total deposits 18,446 - 8,781 - 4,185
Deferred availability cash items (465) 6,328 - 1,137 + 622
Other liabilities and accrued dividends (6) 4,821 - 85 - 118
TOTAL LIABILITIES (465) 486,968 - 9,574 + 25,667
CAPITAL ACCOUNTS
Capital paid in 5,789 + 62 + 916
Surplus 5,220 0 + 725
Other capital accounts 826 + 225 + 119
*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
$ 32 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 $ 18,965 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 71 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 $ 164 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, June 10, 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 759 0 Within 15 days 7,655 - 4,300 0 - 1,330
16 to 90 days 111 0 16 to 90 days 95,934 - 2,597 75 0
Over 90 days 0 0 91 days to 1 year 144,074 + 360 148 + 23
Over 1 to 5 years 97,785 0 103 - 23
Over 5 to 10 years 43,014 + 1 200 0
Over 10 years 50,778 0 25 0
Total 870 0 Total 439,240 - 6,536 551 - 1,330
1 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 33 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 June 10, 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 398 15 21 23 21 44 55 50 21 19 36 37 56
Loans 870 0 700 0 0 0 6 29 20 51 18 0 46
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 196,734 10,715 72,918 5,720 12,786 15,498 11,968 18,887 6,914 2,161 5,458 8,945 24,766
Notes (2) 180,591 9,835 66,934 5,250 11,737 14,226 10,986 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) 439,240 23,922 162,800 12,770 28,547 34,601 26,719 42,168 15,436 4,825 12,185 19,972 55,295
Held under repurchase agreements(1) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 439,240 23,922 162,800 12,770 28,547 34,601 26,719 42,168 15,436 4,825 12,185 19,972 55,295
Total loans and securities 440,661 23,952 163,704 12,786 28,583 34,644 26,759 42,249 15,474 4,883 12,218 19,997 55,410
Items in process of collection 7,389 472 880 253 357 386 700 695 395 579 421 427 1,822
Bank premises 1,293 94 158 50 149 126 82 108 31 131 54 149 160
Other assets(5) 29,280 1,411 8,530 1,287 1,784 3,600 1,798 2,836 777 766 702 1,384 4,406
Interdistrict settlement account 0 -2,687 +13,743 -438 -1,534 -3,622 +399 -2,293 -882 +142 +1,482 +3,367 -7,678
TOTAL ASSETS 499,268 24,370 194,446 14,567 30,577 36,776 31,113 45,544 16,515 6,771 15,449 26,258 56,883
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
$ 32 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 $ 18,965 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 71 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 $ 164 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 June 10, 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 457,373 22,553 182,761 12,875 28,458 32,705 27,530 41,638 15,349 5,435 14,058 23,627 50,384
Deposits
Depository institutions 12,860 535 1,753 756 654 1,008 1,572 1,628 449 330 528 1,521 2,125
U.S. Treasury--general account 5,087 0 5,087 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 152 7 37 8 9 22 9 14 3 5 3 7 26
Other 346 1 103 2 7 62 1 165 1 0 2 1 2
Total deposits 18,446 543 6,981 765 669 1,093 1,583 1,807 453 336 533 1,530 2,153
Deferred credit items 6,793 460 658 198 348 526 757 536 275 529 414 343 1,750
Other liabilities and accrued
dividends (1) 4,821 271 1,587 175 310 411 328 472 186 90 169 232 589
TOTAL LIABILITIES 487,433 23,827 191,987 14,013 29,787 34,735 30,198 44,453 16,263 6,390 15,173 25,731 54,876
CAPITAL ACCOUNTS
Capital paid in 5,789 264 1,163 268 385 1,037 463 537 122 191 135 235 990
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 826 25 241 14 70 186 113 52 9 2 21 21 72
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 499,268 24,370 194,446 14,567 30,577 36,776 31,113 45,544 16,515 6,771 15,449 26,258 56,883
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 567,057 26,448 229,058 15,431 31,457 39,705 35,934 50,427 17,590 7,131 16,332 29,260 68,283
Less--Held by F.R. Banks 109,683 3,895 46,297 2,556 2,999 7,000 8,404 8,789 2,241 1,696 2,274 5,633 17,899
F.R. notes, net 457,373 22,553 182,761 12,875 28,458 32,705 27,530 41,638 15,349 5,435 14,058 23,627 50,384
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 437,126
Total collateral 457,373
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: June 11, 1998