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Release Date: June 25, 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 25, 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 24, 1998 Jun 17, 1998 Jun 25, 1997 Jun 24, 1998
Reserve Bank Credit (1,2) 480,511 + 2,936 + 30,257 488,218
U.S. government securities
Bought outright-system account (3) 441,898 - 304 + 32,148 441,495
Held under repurchase agreements 4,144 + 2,083 - 3,284 11,495
Federal agency obligations
Bought outright 551 0 - 946 551
Held under repurchase agreements 483 - 331 + 26 1,180
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 6 - 65 - 63 3
Seasonal credit 180 + 23 - 115 193
Extended credit 0 0 0 0
Float 1,338 + 481 + 1,365 179
Other F.R. assets 31,913 + 1,049 + 1,126 33,122
Gold stock 11,049 + 2 0 11,049
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,956 + 14 + 633 25,956
Total factors supplying reserve funds 526,716 + 2,952 + 30,890 534,423
Currency in circulation* 481,323 - 419 + 29,795 482,184
Treasury cash holdings* 204 - 3 - 141 204
Deposits,other than reserve balances,with F.R.Banks
Treasury 12,769 + 5,787 + 901 22,464
Foreign 164 + 5 - 44 154
Service-related balances and adjustments (4) 6,959 + 198 - 163 6,959
Other 333 - 4 - 5 325
Other F.R. liabilities and capital 16,880 - 33 + 1,686 16,667
Total factors, other than reserve balances,
absorbing reserve funds 518,632 + 5,531 + 32,029 528,957
Reserve balances with F.R. Banks (5) 8,085 - 2,579 - 1,139 5,466
On June 24, 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 595,723 million, a change of
+$ 373 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,308 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,308 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,712 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,712 million was with foreign official and international
accounts. Includes $ 186 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
$ 36 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,573 million and adjustments of $ 386 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 24, 1998 Jun 17, 1998 Jun 25, 1997
ASSETS
Gold certificate account 11,049 + 1 0
Special drawing rights certificate account 9,200 0 0
Coin 411 + 3 - 85
Loans 196 - 4 - 506
Acceptances 0 0 0
Federal agency obligations
Bought outright 551 0 - 946
Held under repurchase agreements (1) 1,180 - 57 - 220
U.S. government securities
Bought outright--Bills 198,987 - 670 + 3,247
Notes (2) 180,593 + 1 + 19,531
Bonds (3) 61,915 0 + 8,998
Total bought outright (4) 441,495 - 668 + 31,776
Held under repurchase agreements (1) 11,495 + 4,817 - 1,645
Total U.S. government securities 452,990 + 4,149 + 30,131
Total loans and securities 454,916 + 4,088 + 28,459
Items in process of collection (513) 6,396 - 1,966 + 434
Bank premises 1,291 - 2 + 39
Other assets (5) 31,875 + 1,690 + 1,618
TOTAL ASSETS (513) 515,138 + 3,814 + 30,466
LIABILITIES
Federal Reserve notes 456,844 - 300 + 28,493
Deposits
Depository institutions 12,660 - 9,133 - 3,091
U.S. Treasury--general account 22,464 + 14,191 + 3,179
Foreign--official accounts 154 - 22 - 314
Other 325 - 2 - 12
Total deposits 35,603 + 5,034 - 238
Deferred availability cash items (513) 6,025 - 878 + 710
Other liabilities and accrued dividends (6) 4,741 - 61 - 119
TOTAL LIABILITIES (513) 503,212 + 3,795 + 28,846
CAPITAL ACCOUNTS
Capital paid in 5,789 + 3 + 741
Surplus 5,220 0 + 725
Other capital accounts 916 + 16 + 155
*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
$ 34 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
$ 2 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,712 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 186 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 $ 156 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 24, 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 172 0 Within 15 days 26,209 + 7,744 1,205 - 57
16 to 90 days 23 0 16 to 90 days 97,168 + 2,633 98 0
Over 90 days 0 0 91 days to 1 year 138,034 - 6,230 100 0
Over 1 to 5 years 97,786 0 103 0
Over 5 to 10 years 43,015 + 1 200 0
Over 10 years 50,778 0 25 0
Total 196 0 Total 452,990 + 4,149 1,731 - 57
1 Includes $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 36 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 24, 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 411 18 23 19 25 42 56 56 22 17 34 42 56
Loans 196 0 0 1 0 0 11 33 27 69 27 2 26
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) 1,180 0 1,180 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 198,987 10,837 73,753 5,785 12,933 15,675 12,105 19,103 6,993 2,186 5,520 9,048 25,050
Notes (2) 180,593 9,836 66,935 5,250 11,737 14,226 10,986 17,337 6,346 1,984 5,010 8,211 22,734
Bonds (3) 61,915 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) 441,495 24,045 163,636 12,836 28,694 34,778 26,857 42,384 15,515 4,850 12,247 20,074 55,579
Held under repurchase agreements(1) 11,495 0 11,495 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 452,990 24,045 175,131 12,836 28,694 34,778 26,857 42,384 15,515 4,850 12,247 20,074 55,579
Total loans and securities 454,916 24,075 176,515 12,852 28,730 34,822 26,901 42,470 15,561 4,926 12,290 20,101 55,674
Items in process of collection 6,908 575 713 238 352 449 754 545 301 531 472 359 1,619
Bank premises 1,291 93 159 50 148 125 81 108 31 131 54 149 160
Other assets(5) 31,875 1,464 10,425 1,325 1,852 3,717 1,862 2,909 808 787 730 1,432 4,563
Interdistrict settlement account 0 -3,041 +18,997 -779 -2,075 -4,336 -489 -2,593 -908 +443 +1,323 +2,180 -8,722
TOTAL ASSETS 515,651 24,297 214,242 14,310 30,249 36,419 30,483 45,393 16,513 7,086 15,439 25,161 56,056
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
$ 34 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
$ 2 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,712 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 186 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 $ 156 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 24, 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 456,844 22,383 184,937 12,681 28,238 32,471 27,172 41,298 15,350 5,525 13,987 23,053 49,749
Deposits
Depository institutions 12,660 664 1,989 689 585 837 1,377 1,824 472 580 535 1,027 2,079
U.S. Treasury--general account 22,464 0 22,464 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 154 7 39 8 9 22 9 14 3 5 3 7 26
Other 325 1 102 1 4 55 1 157 0 0 3 1 1
Total deposits 35,603 672 24,594 697 598 914 1,388 1,995 475 586 541 1,035 2,106
Deferred credit items 6,538 433 645 208 326 543 669 548 247 505 471 322 1,620
Other liabilities and accrued
dividends (1) 4,741 265 1,601 170 299 394 320 457 188 89 164 223 571
TOTAL LIABILITIES 503,725 23,753 211,777 13,756 29,461 34,323 29,549 44,298 16,259 6,705 15,163 24,634 54,047
CAPITAL ACCOUNTS
Capital paid in 5,789 264 1,163 267 385 1,033 464 537 122 191 136 235 991
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 916 27 246 13 67 245 132 56 10 2 21 22 73
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 515,651 24,297 214,242 14,310 30,249 36,419 30,483 45,393 16,513 7,086 15,439 25,161 56,056
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 567,476 26,299 231,006 15,296 31,363 39,483 35,827 50,251 17,539 7,183 16,258 29,124 67,846
Less--Held by F.R. Banks 110,633 3,916 46,069 2,616 3,125 7,012 8,655 8,953 2,189 1,658 2,271 6,072 18,097
F.R. notes, net 456,844 22,383 184,937 12,681 28,238 32,471 27,172 41,298 15,350 5,525 13,987 23,053 49,749
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 436,594
Total collateral 456,844
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 25, 1998