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Release Date: September 17, 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
September 17, 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 Sep 16, 1998 Sep 9, 1998 Sep 17, 1997 Sep 16, 1998
Reserve Bank Credit (1,2) 486,775 + 502 + 35,222 486,617
U.S. government securities
Bought outright-system account (3) 442,785 - 750 + 31,867 442,835
Held under repurchase agreements 8,038 + 1,888 + 430 9,106
Federal agency obligations
Bought outright 403 - 48 - 523 403
Held under repurchase agreements 1,729 - 1,230 + 1,169 795
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 27 - 35 - 56 31
Seasonal credit 167 - 17 - 207 173
Extended credit 0 0 0 0
Float 508 + 127 - 189 120
Other F.R. assets 33,117 + 567 + 2,730 33,154
Gold stock 11,045 - 1 - 6 11,045
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 25,944 + 14 + 506 25,944
Total factors supplying reserve funds 532,963 + 514 + 35,721 532,806
Currency in circulation* 493,787 + 962 + 35,184 493,960
Treasury cash holdings* 92 0 - 167 94
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,869 + 473 - 938 6,265
Foreign 175 + 13 + 9 163
Service-related balances and adjustments (4) 6,831 - 45 - 169 6,830
Other 358 0 - 4 357
Other F.R. liabilities and capital 16,998 - 253 + 1,094 16,734
Total factors, other than reserve balances,
absorbing reserve funds 524,110 + 1,151 + 35,008 524,404
Reserve balances with F.R. Banks (5) 8,853 - 637 + 713 8,402
On September 16, 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 553,835 million, a change of
-$ 8,814 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 17,717 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 17,717 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 17,668 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 17,668 million was with foreign official and international
accounts. Includes $ 475 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
$ 49 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,700 million and adjustments of $ 131 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
Sep 16, 1998 Sep 9, 1998 Sep 17, 1997
ASSETS
Gold certificate account 11,045 + 1 - 5
Special drawing rights certificate account 9,200 0 0
Coin 395 - 2 - 111
Loans 203 + 18 - 209
Acceptances 0 0 0
Federal agency obligations
Bought outright 403 - 48 - 523
Held under repurchase agreements (1) 795 - 3,309 - 121
U.S. government securities
Bought outright--Bills 198,032 - 664 + 3,238
Notes (2) 178,828 + 1 + 17,345
Bonds (3) 65,975 0 + 10,984
Total bought outright (4) 442,835 - 664 + 31,567
Held under repurchase agreements (1) 9,106 - 1,859 + 181
Total U.S. government securities 451,941 - 2,523 + 31,748
Total loans and securities 453,342 - 5,862 + 30,895
Items in process of collection (462) 7,676 - 2,861 + 875
Bank premises 1,297 + 1 + 30
Other assets (5) 31,819 - 386 + 2,514
TOTAL ASSETS (462) 514,774 - 9,109 + 34,198
LIABILITIES
Federal Reserve notes 468,505 - 663 + 34,490
Deposits
Depository institutions 15,567 - 8,103 + 2,589
U.S. Treasury--general account 6,265 + 1,326 - 4,721
Foreign--official accounts 163 - 8 + 4
Other 357 + 3 - 15
Total deposits 22,353 - 6,782 - 2,143
Deferred availability cash items (462) 7,182 - 1,566 + 760
Other liabilities and accrued dividends (6) 4,540 - 150 - 175
TOTAL LIABILITIES (462) 502,580 - 9,161 + 32,933
CAPITAL ACCOUNTS
Capital paid in 5,950 + 5 + 738
Surplus 5,220 0 + 725
Other capital accounts 1,023 + 47 - 197
*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
$ 42 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
$ 7 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 17,668 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 475 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, September 16, 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 188 0 Within 15 days 24,463 + 4,376 795 - 3,357
16 to 90 days 15 0 16 to 90 days 92,841 - 735 50 + 45
Over 90 days 0 0 91 days to 1 year 137,890 - 6,165 75 - 45
Over 1 to 5 years 101,535 0 93 0
Over 5 to 10 years 41,276 0 185 0
Over 10 years 53,935 0 0 0
Total 203 0 Total 451,941 - 2,523 1,198 - 3,357
1 Includes $ 2,850 million of inflation-indexed securities valued at the original face amount and
$ 49 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 September 16, 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 11,045 582 4,205 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 395 14 23 15 23 39 66 55 20 13 27 51 49
Loans 203 0 1 13 0 0 17 31 30 64 31 1 15
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 403 22 149 12 26 32 24 39 14 4 11 18 51
Held under repurchase agreements(1) 795 0 795 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 198,032 10,785 73,399 5,757 12,871 15,600 12,046 19,011 6,959 2,176 5,494 9,004 24,930
Notes (2) 178,828 9,739 66,281 5,199 11,622 14,087 10,878 17,168 6,284 1,965 4,961 8,131 22,512
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) 442,835 24,118 164,133 12,875 28,781 34,884 26,938 42,513 15,562 4,865 12,285 20,135 55,747
Held under repurchase agreements(1) 9,106 0 9,106 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 451,941 24,118 173,239 12,875 28,781 34,884 26,938 42,513 15,562 4,865 12,285 20,135 55,747
Total loans and securities 453,342 24,140 174,183 12,899 28,807 34,916 26,979 42,582 15,606 4,934 12,327 20,155 55,813
Items in process of collection 8,138 590 947 272 411 501 933 681 346 637 484 423 1,913
Bank premises 1,297 93 159 50 157 126 79 108 31 131 54 149 161
Other assets(5) 31,819 1,468 10,244 1,358 1,860 3,726 1,876 2,927 815 788 731 1,441 4,586
Interdistrict settlement account 0 -1,632 +19,920 -146 -3,666 -2,834 -864 -4,036 -1,800 +240 +870 +2,081 -8,134
TOTAL ASSETS 515,236 25,785 212,883 15,054 28,809 38,072 30,388 44,215 15,717 6,994 15,029 25,197 57,094
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
$ 42 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
$ 7 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 17,668 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 475 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 September 16, 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 468,505 23,565 198,094 12,866 26,476 33,749 26,808 40,112 14,535 5,457 13,593 22,907 50,345
Deposits
Depository institutions 15,567 919 3,523 1,283 905 972 1,434 1,807 436 393 535 1,086 2,274
U.S. Treasury--general account 6,265 0 6,265 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 163 7 48 8 9 22 9 14 3 5 3 7 26
Other 357 1 109 1 3 72 0 156 0 0 11 2 1
Total deposits 22,353 927 9,946 1,291 918 1,067 1,444 1,977 439 398 550 1,095 2,301
Deferred credit items 7,644 485 799 234 312 567 879 580 310 655 447 451 1,923
Other liabilities and accrued
dividends (1) 4,540 255 1,535 163 287 377 304 440 181 86 157 215 539
TOTAL LIABILITIES 503,042 25,232 210,374 14,554 27,993 35,760 29,436 43,110 15,464 6,596 14,748 24,668 55,107
CAPITAL ACCOUNTS
Capital paid in 5,950 268 1,181 214 398 1,203 472 543 120 199 138 235 980
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 1,023 31 273 14 82 291 142 60 11 10 25 22 62
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 515,236 25,785 212,883 15,054 28,809 38,072 30,388 44,215 15,717 6,994 15,029 25,197 57,094
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 577,941 28,112 237,099 15,711 30,674 42,209 35,632 50,369 17,336 7,312 16,282 29,548 67,656
Less--Held by F.R. Banks 109,436 4,547 39,005 2,845 4,198 8,460 8,824 10,257 2,801 1,855 2,689 6,642 17,311
F.R. notes, net 468,505 23,565 198,094 12,866 26,476 33,749 26,808 40,112 14,535 5,457 13,593 22,907 50,345
Collateral held against F.R. notes
Gold certificate account 11,045
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 448,260
Total collateral 468,505
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: September 17, 1998