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Release Date: October 29, 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
October 29, 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 Oct 28, 1998 Oct 21, 1998 Oct 29, 1997 Oct 28, 1998
Reserve Bank Credit (1,2) 488,266 - 2,571 + 34,741 489,154
U.S. government securities
Bought outright-system account (3) 447,209 - 80 + 32,368 447,966
Held under repurchase agreements 2,025 - 2,071 - 1,659 2,279
Federal agency obligations
Bought outright 388 0 - 328 388
Held under repurchase agreements 3,457 - 958 + 2,144 3,440
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 13 + 9 + 3 1
Seasonal credit 91 - 8 - 99 83
Extended credit 0 0 0 0
Float 358 + 535 - 212 193
Other F.R. assets 34,725 + 2 + 2,524 34,804
Gold stock 11,040 - 4 - 11 11,041
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 26,028 + 14 + 462 26,028
Total factors supplying reserve funds 534,534 - 2,561 + 35,192 535,422
Currency in circulation* 496,594 - 573 + 35,982 498,016
Treasury cash holdings* 90 - 2 - 148 87
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,326 + 4 - 542 6,382
Foreign 206 - 3 + 40 213
Service-related balances and adjustments (4) 6,866 - 88 - 41 6,866
Other 424 + 17 + 41 467
Other F.R. liabilities and capital 17,188 - 31 + 1,137 16,927
Total factors, other than reserve balances,
absorbing reserve funds 526,695 - 675 + 36,468 528,958
Reserve balances with F.R. Banks (5) 7,839 - 1,887 - 1,276 6,464
On October 28, 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 576,334 million, a change of
+$ 516 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 19,348 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 19,348 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 19,121 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 19,121 million was with foreign official and international
accounts. Includes $ 240 million securities loaned--fully secured U.S. government securities.
3 Includes $ 3,250 million of inflation-indexed securities valued at the original face amount and
$ 59 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,686 million and adjustments of $ 180 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
Oct 28, 1998 Oct 21, 1998 Oct 29, 1997
ASSETS
Gold certificate account 11,041 - 3 - 10
Special drawing rights certificate account 9,200 0 0
Coin 458 + 45 - 60
Loans 84 - 11 - 101
Acceptances 0 0 0
Federal agency obligations
Bought outright 388 0 - 323
Held under repurchase agreements (1) 3,440 - 2,048 + 1,596
U.S. government securities
Bought outright--Bills 196,578 - 808 + 1,617
Notes (2) 184,333 + 742 + 21,257
Bonds (3) 67,055 0 + 10,996
Total bought outright (4) 447,966 - 66 + 33,870
Held under repurchase agreements (1) 2,279 - 1,836 - 2,196
Total U.S. government securities 450,245 - 1,902 + 31,674
Total loans and securities 454,157 - 3,961 + 32,846
Items in process of collection (487) 6,398 - 567 + 397
Bank premises 1,295 - 2 + 22
Other assets (5) 33,601 + 422 + 2,122
TOTAL ASSETS (487) 516,148 - 4,065 + 35,317
LIABILITIES
Federal Reserve notes 472,533 + 472 + 35,196
Deposits
Depository institutions 13,385 - 5,388 - 3,001
U.S. Treasury--general account 6,382 + 1,541 + 1,291
Foreign--official accounts 213 + 36 + 22
Other 467 + 69 + 30
Total deposits 20,448 - 3,742 - 1,658
Deferred availability cash items (487) 6,240 - 697 + 622
Other liabilities and accrued dividends (6) 4,477 - 112 - 348
TOTAL LIABILITIES (487) 503,697 - 4,079 + 33,813
CAPITAL ACCOUNTS
Capital paid in 5,919 + 3 + 647
Surplus 5,220 0 + 832
Other capital accounts 1,311 + 11 + 25
*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 $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 50 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
$ 8 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 19,121 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 240 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 $ 197 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, October 28, 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 76 0 Within 15 days 12,666 - 1,208 3,440 - 2,048
16 to 90 days 8 0 16 to 90 days 92,901 - 1,286 52 + 2
Over 90 days 0 0 91 days to 1 year 142,265 + 591 93 + 8
Over 1 to 5 years 105,384 0 58 - 10
Over 5 to 10 years 42,034 0 185 0
Over 10 years 54,995 0 0 0
Total 84 0 Total 450,245 - 1,902 3,828 - 2,048
1 Includes $ 3,250 million of inflation-indexed securities valued at the original face amount and
$ 59 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 October 28, 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 11,041 582 4,201 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 458 24 18 16 18 49 63 96 20 15 33 50 54
Loans 84 0 0 0 0 0 2 9 19 29 22 1 1
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 388 21 144 11 25 31 24 37 14 4 11 18 49
Held under repurchase agreements(1) 3,440 0 3,440 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 196,578 10,706 72,860 5,715 12,776 15,485 11,958 18,872 6,908 2,160 5,453 8,938 24,747
Notes (2) 184,333 10,039 68,321 5,359 11,980 14,521 11,213 17,696 6,478 2,025 5,113 8,381 23,205
Bonds (3) 67,055 3,652 24,853 1,950 4,358 5,282 4,079 6,437 2,356 737 1,860 3,049 8,441
Total bought outright(4) 447,966 24,397 166,034 13,024 29,115 35,288 27,250 43,006 15,742 4,921 12,427 20,368 56,393
Held under repurchase agreements(1) 2,279 0 2,279 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 450,245 24,397 168,313 13,024 29,115 35,288 27,250 43,006 15,742 4,921 12,427 20,368 56,393
Total loans and securities 454,157 24,418 171,897 13,035 29,140 35,319 27,276 43,052 15,775 4,954 12,460 20,387 56,443
Items in process of collection 6,885 500 733 300 284 492 701 594 298 618 470 251 1,645
Bank premises 1,295 93 158 50 156 125 80 107 31 131 54 149 160
Other assets(5) 33,601 1,616 10,143 1,434 2,048 3,999 2,057 3,196 898 843 809 1,572 4,985
Interdistrict settlement account 0 -2,921 +21,925 -227 -4,633 -1,713 -1,460 -2,938 -2,195 +214 +926 +2,653 -9,631
TOTAL ASSETS 516,635 24,843 212,277 15,214 28,231 39,870 30,034 46,005 15,525 7,026 15,288 25,959 56,362
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 $ 2,450 million of inflation-indexed securities valued at the original face amount and
$ 50 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
$ 8 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 19,121 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 240 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 $ 197 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 October 28, 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 472,533 23,035 198,979 13,290 25,833 35,554 26,810 41,809 14,278 5,581 13,830 23,549 49,984
Deposits
Depository institutions 13,385 574 1,931 1,042 930 855 1,158 1,900 504 370 597 1,355 2,168
U.S. Treasury--general account 6,382 0 6,382 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 213 7 98 8 9 22 9 14 3 5 3 7 26
Other 467 2 104 1 4 94 49 198 2 2 8 2 3
Total deposits 20,448 582 8,515 1,051 944 971 1,216 2,112 509 377 608 1,365 2,197
Deferred credit items 6,727 416 647 212 340 518 856 516 308 577 406 308 1,625
Other liabilities and accrued
dividends (1) 4,477 248 1,509 161 288 371 306 429 175 85 157 213 535
TOTAL LIABILITIES 504,184 24,281 209,650 14,714 27,404 37,414 29,188 44,866 15,270 6,620 15,001 25,434 54,342
CAPITAL ACCOUNTS
Capital paid in 5,919 268 1,186 213 398 1,223 410 549 119 201 138 233 980
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 1,311 40 385 13 93 415 98 89 14 16 30 21 96
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 516,635 24,843 212,277 15,214 28,231 39,870 30,034 46,005 15,525 7,026 15,288 25,959 56,362
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 587,780 27,913 239,893 16,393 30,295 44,118 37,014 52,790 16,939 7,361 16,610 30,161 68,292
Less--Held by F.R. Banks 115,247 4,878 40,914 3,103 4,462 8,564 10,203 10,981 2,661 1,781 2,780 6,612 18,308
F.R. notes, net 472,533 23,035 198,979 13,290 25,833 35,554 26,810 41,809 14,278 5,581 13,830 23,549 49,984
Collateral held against F.R. notes
Gold certificate account 11,041
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 452,292
Total collateral 472,533
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: October 29, 1998