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Release Date: March 18, 1999
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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
March 18, 1999
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 Mar 17, 1999 Mar 10, 1999 Mar 18, 1998 Mar 17, 1999
Reserve Bank Credit (1,2) 507,626 + 409 + 39,268 508,240
U.S. government securities
Bought outright-system account (3) 464,197 + 1,459 + 31,656 464,506
Held under repurchase agreements 4,497 - 1,335 + 2,281 4,495
Federal agency obligations
Bought outright 311 - 21 - 314 311
Held under repurchase agreements 3,690 + 951 + 2,212 3,840
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 4 - 1 + 2 1
Seasonal credit 16 + 2 - 4 20
Extended credit 0 0 0 0
Float 75 - 1,071 - 457 177
Other F.R. assets 34,836 + 425 + 3,891 34,892
Gold stock 11,049 + 2 0 11,049
Special drawing rights certificate account 8,200 - 143 - 1,000 8,200
Treasury currency outstanding 26,410 + 14 + 752 26,410
Total factors supplying reserve funds 553,285 + 282 + 39,019 553,899
Currency in circulation* 514,615 + 870 + 40,656 515,610
Treasury cash holdings* 132 + 1 - 124 134
Deposits,other than reserve balances,with F.R.Banks
Treasury 6,313 + 1,226 + 19 6,318
Foreign 180 - 10 + 4 173
Service-related balances and adjustments (4) 6,903 - 59 - 73 6,903
Other 261 + 10 - 111 247
Other F.R. liabilities and capital 17,117 + 262 + 939 16,906
Total factors, other than reserve balances,
absorbing reserve funds 545,521 + 2,300 + 41,310 546,291
Reserve balances with F.R. Banks (5) 7,764 - 2,018 - 2,291 7,608
On March 17, 1999, the face amount of marketable U.S. government securities held in custody by the
Federal Reserve Banks for foreign official and international accounts was 593,457 million, a change of
-$ 3,533 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 16,776 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 16,776 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 16,468 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 16,468 million was with foreign official and international
accounts. Includes $ 40 million securities loaned--fully secured U.S. government securities.
3 Includes $ 4,087 million of inflation-indexed securities valued at the original face amount and
$ 82 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,695 million and adjustments of $ 208 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
Mar 17, 1999 Mar 10, 1999 Mar 18, 1998
ASSETS
Gold certificate account 11,049 + 2 0
Special drawing rights certificate account 8,200 0 - 1,000
Coin 450 + 9 - 86
Loans 21 + 5 - 5
Acceptances 0 0 0
Federal agency obligations
Bought outright 311 0 - 314
Held under repurchase agreements (1) 3,840 - 1,562 + 2,620
U.S. government securities
Bought outright--Bills 199,231 - 135 + 3,419
Notes (2) 192,493 + 1,019 + 16,328
Bonds (3) 72,781 0 + 12,049
Total bought outright (4) 464,506 + 885 + 31,798
Held under repurchase agreements (1) 4,495 - 5,003 + 1,494
Total U.S. government securities 469,001 - 4,118 + 33,292
Total loans and securities 473,172 - 5,675 + 35,593
Items in process of collection (631) 7,350 - 885 + 157
Bank premises 1,303 + 1 + 23
Other assets (5) 33,611 + 53 + 3,755
TOTAL ASSETS (631) 535,135 - 6,495 + 38,443
LIABILITIES
Federal Reserve notes 489,785 + 463 + 40,032
Deposits
Depository institutions 14,138 - 8,719 - 3,829
U.S. Treasury--general account 6,318 + 1,596 + 573
Foreign--official accounts 173 + 8 + 17
Other (0) 247 - 3 - 110
Total deposits (0) 20,877 - 7,117 - 3,347
Deferred availability cash items (631) 7,568 + 236 + 732
Other liabilities and accrued dividends (6) 4,277 - 126 - 415
TOTAL LIABILITIES (631) 522,507 - 6,544 + 37,002
CAPITAL ACCOUNTS
Capital paid in 6,077 + 3 + 647
Surplus 5,952 + 15 + 732
Other capital accounts 600 + 32 + 64
*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 $ 3,267 million of inflation-indexed securities valued at the original face amount and
$ 70 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and
$ 12 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,468 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 40 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 $ 0 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, March 17, 1999
Holdings of securities include securitites held under repurchase agreements, which are classified according
to remaining maturity.
Millions of dollars
U.S. government Federal agency
Loans Acceptances securities (1) obligations
Weekly Weekly
Holdings changes Holdings changes
Within 15 days 18 0 Within 15 days 18,333 + 985 3,840 - 1,562
16 to 90 days 3 0 16 to 90 days 99,462 - 5,857 23 + 23
Over 90 days 0 0 91 days to 1 year 134,895 - 265 83 - 23
Over 1 to 5 years 110,865 + 1,017 30 0
Over 5 to 10 years 46,595 + 1 175 0
Over 10 years 58,851 0 0 0
Total 21 0 Total 469,001 - 4,118 4,151 - 1,562
1 Includes $ 4,087 million of inflation-indexed securities valued at the original face amount and
$ 82 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 March 17, 1999
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. 8,200 406 3,215 247 396 683 596 725 232 103 231 451 915
Coin 450 26 18 40 26 60 52 51 19 23 32 44 61
Loans 21 2 0 1 0 0 4 5 3 2 4 0 0
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 311 17 115 9 20 24 19 30 11 3 9 14 39
Held under repurchase agreements(1) 3,840 0 3,840 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 199,231 10,851 73,843 5,792 12,949 15,694 12,119 19,127 7,001 2,189 5,527 9,059 25,081
Notes (2) 192,493 10,484 71,346 5,596 12,511 15,164 11,710 18,480 6,764 2,115 5,340 8,752 24,232
Bonds (3) 72,781 3,964 26,976 2,116 4,730 5,733 4,427 6,987 2,558 800 2,019 3,309 9,162
Total bought outright(4) 464,506 25,298 172,165 13,505 30,189 36,591 28,256 44,593 16,323 5,103 12,886 21,120 58,475
Held under repurchase agreements(1) 4,495 0 4,495 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 469,001 25,298 176,660 13,505 30,189 36,591 28,256 44,593 16,323 5,103 12,886 21,120 58,475
Total loans and securities 473,172 25,317 180,615 13,515 30,210 36,616 28,279 44,628 16,338 5,109 12,898 21,135 58,515
Items in process of collection 7,981 446 1,026 426 372 547 693 704 355 647 515 365 1,885
Bank premises 1,303 94 158 50 157 125 87 106 31 130 53 148 163
Other assets(5) 33,611 1,546 10,299 1,015 2,092 5,020 2,151 3,054 837 809 814 1,311 4,664
Interdistrict settlement account 0 + 1,032 + 4,469 + 2,417 - 4,871 - 3,791 + 1,166 + 3,784 + 640 + 187 + 1,260 + 967 - 7,260
TOTAL ASSETS 535,766 29,449 204,010 18,031 29,026 40,066 33,741 54,049 18,810 7,136 16,092 24,950 60,407
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 $ 3,267 million of inflation-indexed securities valued at the original face amount and
$ 70 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and
$ 12 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 16,468 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 40 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 $ 0 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 March 17, 1999
Millions of dollars
Kansas San
Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco
LIABILITIES
Federal Reserve notes 489,785 27,647 190,270 16,912 26,365 35,216 29,927 49,787 17,513 5,765 14,580 22,793 53,010
Deposits
Depository institutions 14,138 501 1,944 312 1,136 1,227 1,603 2,063 508 314 492 1,141 2,897
U.S. Treasury--general account 6,318 0 6,318 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 173 7 57 4 10 30 10 14 3 5 3 6 24
Other 247 0 144 0 2 74 5 1 6 1 10 1 2
Total deposits 20,877 508 8,464 317 1,148 1,332 1,618 2,078 517 319 506 1,147 2,922
Deferred credit items 8,199 464 980 296 409 678 1,050 541 359 556 529 337 1,998
Other liabilities and accrued
dividends (1) 4,277 236 1,490 151 270 346 291 406 165 84 148 201 489
TOTAL LIABILITIES 523,138 28,854 201,204 17,677 28,192 37,572 32,886 52,812 18,555 6,724 15,763 24,479 58,418
CAPITAL ACCOUNTS
Capital paid in 6,077 284 1,305 170 401 1,234 412 595 120 209 157 225 964
Surplus 5,952 267 1,208 177 399 1,238 418 583 121 202 140 227 972
Other capital accounts 600 43 292 8 33 23 24 59 15 1 31 19 53
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 535,766 29,449 204,010 18,031 29,026 40,066 33,741 54,049 18,810 7,136 16,092 24,950 60,407
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 654,316 32,648 255,242 19,721 31,028 51,244 45,490 61,675 21,167 9,137 19,174 33,245 74,545
Less--Held by F.R. Banks 164,531 5,001 64,972 2,809 4,663 16,027 15,563 11,888 3,654 3,372 4,595 10,452 21,536
F.R. notes, net 489,785 27,647 190,270 16,912 26,365 35,216 29,927 49,787 17,513 5,765 14,580 22,793 53,010
Collateral held against F.R. notes
Gold certificate account 11,049
Special drawing rights
certificate account 8,200
Other eligible assets 0
U.S. govt. and agency securities 470,536
Total collateral 489,785
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: March 18, 1999