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Release Date: August 27, 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 27, 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 26, 1998 Aug 19, 1998 Aug 27, 1997 Aug 26, 1998
Reserve Bank Credit (1,2) 481,047 + 1,165 + 30,297 488,282
U.S. government securities
Bought outright-system account (3) 442,278 + 495 + 33,287 441,355
Held under repurchase agreements 2,812 + 864 - 5,879 9,272
Federal agency obligations
Bought outright 451 0 - 580 451
Held under repurchase agreements 3,638 + 706 + 2,269 4,964
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 4 - 42 - 70 1
Seasonal credit 254 - 1 - 153 259
Extended credit 0 0 0 0
Float 475 + 78 + 196 324
Other F.R. assets 31,135 - 934 + 1,227 31,656
Gold stock 11,044 0 - 7 11,046
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,962 + 14 + 558 25,962
Total factors supplying reserve funds 527,253 + 1,179 + 30,848 534,489
Currency in circulation* 487,836 - 384 + 31,401 489,094
Treasury cash holdings* 93 - 39 - 190 94
Deposits,other than reserve balances,with F.R.Banks
Treasury 4,905 - 545 + 38 4,331
Foreign 167 + 3 - 31 162
Service-related balances and adjustments (4) 7,170 + 305 + 89 7,170
Other 373 + 20 + 8 365
Other F.R. liabilities and capital 17,077 + 231 + 1,125 16,899
Total factors, other than reserve balances,
absorbing reserve funds 517,620 - 409 + 32,441 518,115
Reserve balances with F.R. Banks (5) 9,633 + 1,588 - 1,593 16,374
On August 26, 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 573,577 million, a change of
-$ 13,861 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,701 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,701 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 17,625 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 17,625 million was with foreign official and international
accounts. Includes $ 265 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
$ 47 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,741 million and adjustments of $ 429 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 26, 1998 Aug 19, 1998 Aug 27, 1997
ASSETS
Gold certificate account 11,046 + 4 - 5
Special drawing rights certificate account 9,200 0 0
Coin 414 + 4 - 78
Loans 260 - 1 - 178
Acceptances 0 0 0
Federal agency obligations
Bought outright 451 0 - 580
Held under repurchase agreements (1) 4,964 + 1,816 + 2,614
U.S. government securities
Bought outright--Bills 198,075 - 1,728 + 3,988
Notes (2) 177,305 + 189 + 17,510
Bonds (3) 65,975 + 835 + 10,983
Total bought outright (4) 441,355 - 704 + 32,482
Held under repurchase agreements (1) 9,272 + 7,286 - 6,841
Total U.S. government securities 450,627 + 6,582 + 25,641
Total loans and securities 456,301 + 8,397 + 27,497
Items in process of collection (509) 6,535 - 521 - 7
Bank premises 1,294 0 + 29
Other assets (5) 30,381 + 1,162 + 1,207
TOTAL ASSETS (509) 515,172 + 9,045 + 28,643
LIABILITIES
Federal Reserve notes 463,639 + 112 + 29,930
Deposits
Depository institutions 23,632 + 8,859 - 1,536
U.S. Treasury--general account 4,331 - 41 - 869
Foreign--official accounts 162 + 2 0
Other 365 - 13 - 10
Total deposits 28,491 + 8,808 - 2,416
Deferred availability cash items (509) 6,143 - 214 + 45
Other liabilities and accrued dividends (6) 4,849 + 324 - 187
TOTAL LIABILITIES (509) 503,122 + 9,030 + 27,372
CAPITAL ACCOUNTS
Capital paid in 5,864 + 11 + 714
Surplus 5,220 0 + 725
Other capital accounts 965 + 3 - 168
*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
$ 41 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
$ 6 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 17,625 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 265 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 $ 167 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 26, 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 234 0 Within 15 days 19,836 + 1,336 5,012 + 1,864
16 to 90 days 26 0 16 to 90 days 92,084 - 1,633 0 - 48
Over 90 days 0 0 91 days to 1 year 143,190 + 5,855 125 + 11
Over 1 to 5 years 100,306 0 93 - 11
Over 5 to 10 years 41,275 + 303 185 0
Over 10 years 53,935 + 720 0 0
Total 260 0 Total 450,627 + 6,582 5,415 + 1,816
1 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 47 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 26, 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 414 12 22 12 27 42 74 60 21 13 27 51 52
Loans 260 0 0 0 0 0 7 47 48 91 38 2 28
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 451 25 167 13 29 35 27 43 16 5 12 20 57
Held under repurchase agreements(1) 4,964 0 4,964 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 198,075 10,788 73,415 5,759 12,873 15,603 12,049 19,016 6,961 2,176 5,495 9,006 24,935
Notes (2) 177,305 9,656 65,716 5,155 11,524 13,967 10,786 17,022 6,231 1,948 4,919 8,062 22,320
Bonds (3) 65,975 3,593 24,453 1,918 4,288 5,197 4,013 6,334 2,318 725 1,830 3,000 8,305
Total bought outright(4) 441,355 24,037 163,584 12,832 28,685 34,767 26,848 42,371 15,510 4,849 12,243 20,068 55,561
Held under repurchase agreements(1) 9,272 0 9,272 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 450,627 24,037 172,856 12,832 28,685 34,767 26,848 42,371 15,510 4,849 12,243 20,068 55,561
Total loans and securities 456,301 24,062 177,987 12,845 28,714 34,803 26,882 42,461 15,573 4,945 12,294 20,090 55,645
Items in process of collection 7,044 480 965 204 348 508 633 524 255 549 438 367 1,772
Bank premises 1,294 93 159 50 156 126 77 108 31 131 54 149 161
Other assets(5) 30,381 1,436 9,311 1,305 1,819 3,649 1,833 2,865 792 777 716 1,404 4,475
Interdistrict settlement account 0 -1,099 +13,146 +145 -2,969 -1,369 +711 -3,118 -1,350 +976 +1,088 +1,930 -8,090
TOTAL ASSETS 515,680 26,095 208,998 15,167 29,312 39,358 31,530 44,798 16,019 7,643 15,152 24,887 56,721
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
$ 41 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
$ 6 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 17,625 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 265 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 $ 167 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 26, 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 463,639 22,986 193,290 13,390 26,285 34,638 27,112 39,693 14,454 5,456 13,576 22,646 50,114
Deposits
Depository institutions 23,632 1,836 6,380 841 1,589 1,551 2,303 2,890 857 1,165 726 1,137 2,359
U.S. Treasury--general account 4,331 0 4,331 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 162 7 47 8 9 22 9 14 3 5 3 7 26
Other 365 1 101 1 3 80 1 168 0 0 7 2 1
Total deposits 28,491 1,843 10,859 849 1,601 1,653 2,313 3,071 861 1,171 736 1,146 2,386
Deferred credit items 6,651 447 636 181 313 563 835 478 266 530 395 340 1,667
Other liabilities and accrued
dividends (1) 4,849 266 1,706 170 302 384 324 458 184 92 166 227 572
TOTAL LIABILITIES 503,631 25,542 206,492 14,590 28,500 37,238 30,584 43,700 15,765 7,248 14,873 24,359 54,739
CAPITAL ACCOUNTS
Capital paid in 5,864 267 1,180 287 401 1,050 470 539 120 199 138 235 979
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 965 33 272 17 75 252 138 57 12 7 22 22 57
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 515,680 26,095 208,998 15,167 29,312 39,358 31,530 44,798 16,019 7,643 15,152 24,887 56,721
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 574,623 27,580 234,856 15,906 30,579 41,923 36,013 49,681 17,427 7,316 16,171 29,441 67,730
Less--Held by F.R. Banks 110,983 4,594 41,566 2,515 4,295 7,285 8,902 9,988 2,973 1,860 2,595 6,794 17,616
F.R. notes, net 463,639 22,986 193,290 13,390 26,285 34,638 27,112 39,693 14,454 5,456 13,576 22,646 50,114
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 443,394
Total collateral 463,639
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 27, 1998