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Release Date: August 6, 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
August 6, 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 Aug 5, 1998 Jul 29, 1998 Aug 6, 1997 Aug 5, 1998
Reserve Bank Credit (1,2) 480,678 + 1,561 + 33,098 479,542
U.S. government securities
Bought outright-system account (3) 441,092 + 1,132 + 32,518 441,908
Held under repurchase agreements 4,636 - 291 - 423 530
Federal agency obligations
Bought outright 526 0 - 543 526
Held under repurchase agreements 1,275 + 600 + 737 1,955
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 58 + 46 - 45 299
Seasonal credit 238 - 4 - 138 237
Extended credit 0 0 0 0
Float 92 + 30 - 363 1,584
Other F.R. assets 32,761 + 48 + 1,353 32,504
Gold stock 11,046 - 1 - 5 11,046
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,920 + 14 + 544 25,920
Total factors supplying reserve funds 526,844 + 1,574 + 33,636 525,709
Currency in circulation* 486,964 + 1,255 + 31,589 488,531
Treasury cash holdings* 140 - 40 - 169 138
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,234 + 118 + 38 5,045
Foreign 161 - 13 - 28 168
Service-related balances and adjustments (4) 6,979 + 244 - 384 6,979
Other 292 + 40 - 58 346
Other F.R. liabilities and capital 16,824 - 201 + 2,006 16,503
Total factors, other than reserve balances,
absorbing reserve funds 516,594 + 1,403 + 32,994 517,710
Reserve balances with F.R. Banks (5) 10,250 + 171 + 642 7,999
On August 5, 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 593,333 million, a change of
+$ 340 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,112 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,112 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,046 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,046 million was with foreign official and international
accounts. Includes $ 176 million securities loaned--fully secured U.S. government securities.
3 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 44 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,745 million and adjustments of $ 234 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
Aug 5, 1998 Jul 29, 1998 Aug 6, 1997
ASSETS
Gold certificate account 11,046 0 - 4
Special drawing rights certificate account 9,200 0 0
Coin 412 - 1 - 67
Loans 536 + 284 + 121
Acceptances 0 0 0
Federal agency obligations
Bought outright 526 0 - 520
Held under repurchase agreements (1) 1,955 + 845 + 1,737
U.S. government securities
Bought outright--Bills 199,653 - 496 + 3,286
Notes (2) 178,887 + 1 + 18,363
Bonds (3) 63,367 + 1,049 + 9,106
Total bought outright (4) 441,908 + 554 + 30,755
Held under repurchase agreements (1) 530 - 7,881 - 3,221
Total U.S. government securities 442,438 - 7,327 + 27,534
Total loans and securities 445,454 - 6,198 + 28,873
Items in process of collection (485) 8,382 + 2,128 + 528
Bank premises 1,289 + 1 + 29
Other assets (5) 31,252 - 774 + 1,012
TOTAL ASSETS (485) 507,035 - 4,843 + 30,369
LIABILITIES
Federal Reserve notes 463,161 + 1,501 + 30,719
Deposits
Depository institutions 14,302 - 7,317 - 2,093
U.S. Treasury--general account 5,045 - 139 - 902
Foreign--official accounts 168 + 10 - 19
Other 346 + 85 - 3
Total deposits 19,860 - 7,362 - 3,018
Deferred availability cash items (485) 7,511 + 1,269 + 896
Other liabilities and accrued dividends (6) 4,633 - 162 - 95
TOTAL LIABILITIES (485) 495,165 - 4,755 + 28,503
CAPITAL ACCOUNTS
Capital paid in 5,841 + 22 + 738
Surplus 5,220 0 + 805
Other capital accounts 809 - 111 + 323
*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
$ 39 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and
$ 5 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,046 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 176 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 $ 118 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, August 5, 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 359 0 Within 15 days 17,753 + 405 2,005 + 845
16 to 90 days 177 0 16 to 90 days 89,281 - 8,691 48 0
Over 90 days 0 0 91 days to 1 year 143,445 + 995 114 0
Over 1 to 5 years 96,711 - 1,086 104 0
Over 5 to 10 years 43,018 0 185 0
Over 10 years 52,231 + 1,049 25 0
Total 536 0 Total 442,438 - 7,327 2,481 + 845
1 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 44 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 August 5, 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 11,046 582 4,206 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 412 9 21 15 26 41 69 58 23 15 29 52 55
Loans 536 125 0 0 0 60 7 136 43 91 31 2 40
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 526 29 195 15 34 41 32 50 18 6 15 24 66
Held under repurchase agreements(1) 1,955 0 1,955 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 199,653 10,874 74,000 5,805 12,976 15,728 12,145 19,167 7,016 2,193 5,539 9,078 25,134
Notes (2) 178,887 9,743 66,303 5,201 11,626 14,092 10,882 17,173 6,286 1,965 4,962 8,134 22,520
Bonds (3) 63,367 3,451 23,486 1,842 4,118 4,992 3,855 6,083 2,227 696 1,758 2,881 7,977
Total bought outright(4) 441,908 24,067 163,789 12,848 28,721 34,811 26,882 42,424 15,529 4,855 12,259 20,093 55,631
Held under repurchase agreements(1) 530 0 530 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 442,438 24,067 164,319 12,848 28,721 34,811 26,882 42,424 15,529 4,855 12,259 20,093 55,631
Total loans and securities 445,454 24,221 166,469 12,863 28,755 34,912 26,921 42,611 15,590 4,952 12,305 20,119 55,737
Items in process of collection 8,867 584 1,075 279 260 817 997 703 309 690 444 548 2,162
Bank premises 1,289 93 159 50 152 125 76 108 31 131 54 149 160
Other assets(5) 31,252 1,518 9,277 1,349 1,914 3,776 1,925 2,959 844 793 757 1,472 4,667
Interdistrict settlement account 0 -3,101 +18,342 +660 -2,835 -2,191 -734 -4,101 -1,200 +171 +1,154 +2,215 -8,381
TOTAL ASSETS 507,520 24,436 202,752 15,821 29,490 39,080 30,573 44,236 16,295 7,002 15,279 25,451 57,105
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
$ 39 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 800 million of inflation-indexed securities valued at the original face amount and
$ 5 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,046 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 176 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 $ 118 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 August 5, 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 463,161 22,376 190,649 13,423 27,123 34,675 26,954 40,468 15,005 5,533 13,734 22,868 50,353
Deposits
Depository institutions 14,302 720 2,000 1,422 986 894 1,484 1,503 559 407 610 1,455 2,262
U.S. Treasury--general account 5,045 0 5,045 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 168 7 53 8 9 22 9 14 3 5 3 7 26
Other 346 2 125 0 1 89 1 120 0 0 7 0 1
Total deposits 19,860 729 7,223 1,430 996 1,005 1,495 1,637 563 412 621 1,462 2,288
Deferred credit items 7,996 527 879 233 285 916 879 592 292 585 487 381 1,941
Other liabilities and accrued
dividends (1) 4,633 262 1,551 168 298 374 313 454 181 87 163 224 559
TOTAL LIABILITIES 495,650 23,894 200,303 15,253 28,701 36,970 29,641 43,151 16,040 6,617 15,004 24,935 55,141
CAPITAL ACCOUNTS
Capital paid in 5,841 266 1,178 286 391 1,049 466 538 123 195 137 232 978
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 809 23 215 9 63 243 127 45 10 1 19 13 41
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 507,520 24,436 202,752 15,821 29,490 39,080 30,573 44,236 16,295 7,002 15,279 25,451 57,105
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 571,137 26,667 233,281 15,957 30,566 41,382 35,794 49,812 17,589 7,230 15,999 29,233 67,626
Less--Held by F.R. Banks 107,977 4,291 42,631 2,535 3,444 6,707 8,840 9,344 2,584 1,697 2,265 6,365 17,273
F.R. notes, net 463,161 22,376 190,649 13,423 27,123 34,675 26,954 40,468 15,005 5,533 13,734 22,868 50,353
Collateral held against F.R. notes
Gold certificate account 11,046
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 442,914
Total collateral 463,161
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: August 6, 1998