Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: September 2, 2004
Release dates
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          September 2, 2004
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at            Sep 1, 2004 Aug 25, 2004  Sep 3, 2003  Sep 1, 2004
Federal Reserve Banks

Reserve Bank Credit                                         764,044    +   8,838    +  38,736      765,783
 Securities held outright                                   694,851    +      57    +  40,970      694,858       
    U.S. Treasury (1)                                       694,851    +      57    +  40,980      694,858
       Bills (2)                                            255,326    +      45    +  14,600      255,330
       Notes and bonds, nominal (2)                         422,541            0    +  23,688      422,541
       Notes and bonds, inflation-indexed (2)                14,862            0    +   2,048       14,862
       Inflation compensation (3)                             2,121    +      11    +     643        2,124
    Federal agency (2)                                            0            0    -      10            0      
 Repurchase agreements(4)                                    31,000    +   8,214    -   3,429       32,500
 Loans to depository institutions                               273    +      32    +     107          239
    Primary credit                                               31    +      25    +      22            0
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             242    +       8    +      85          239
 Float                                                          -52    +     409    +     438          201
 Other Federal Reserve assets                                37,971    +     125    +     648       37,986
Gold stock                                                   11,043    -       1            0       11,043
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,143    +      14    +     906       36,143
       
Total factors supplying reserve funds                       813,430    +   8,851    +  39,642      815,170
                                                                   
Currency in circulation(5)                                  734,922    +     532    +  34,811      738,126
Reverse repurchase agreements (6)                            22,442    +   1,475    +   2,420       23,203
   Foreign official and international accounts               22,442    +   1,475    +   2,420       23,203
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          328    +       7    -       7          320
Deposits with F.R.Banks, other than reserve balances         15,882    +     448    -     908       16,978       
  U.S. Treasury, general account                              5,297    +     508    +     454        6,374
  Foreign official                                               91    -      11    -     157           81
  Service-related                                            10,207    -       1    -   1,248       10,207
     Required clearing balances                              10,206    -       1    -     706       10,206
     Adjustments to compensate for float                          0            0    -     543            0
  Other                                                         287    -      49    +      43          317
Other liabilities and capital                                22,875    +     435    +   2,681       22,893

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  796,449    +   2,896    +  38,996      801,521

Reserve balances with Federal Reserve Banks                  16,981    +   5,955    +     645       13,649
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,282,616    +   4,947    + 329,428    1,288,410
     U.S. Treasury                                        1,039,487    +   3,544    + 272,883    1,044,789
     Federal agency                                         243,130    +   1,403    +  56,546      243,621
  Securities lent to dealers                                    539    -     228    -   1,961        1,336   


Note: Components may not sum to totals because of rounding.


1  Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.  
2  Face value of the securities. 
3  Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 
4  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5  Estimated. 
6  Cash value of agreements, which are collateralized by U.S. Treasury securities.
7  Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.


Sources: Federal Reserve Banks and the U.S. Department of the Treasury.


2. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of Dollars
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation  Sep 1, 2004     Aug 25, 2004      Sep 3, 2003

Assets
Gold certificate account                                        11,039        -       1                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               777        +      13        -      81
Securities, repurchase agreements, and loans                   727,597        +   8,021        +  40,226
   Securities held outright                                    694,858        +      18        +  40,917
      U.S. Treasury (1)                                        694,858        +      18        +  40,927       
         Bills (2)                                             255,330        +       8        +  14,545
         Notes and bonds, nominal (2)                          422,541                0        +  23,688
         Notes and bonds, inflation-indexed (2)                 14,862                0        +   2,048
         Inflation compensation (3)                              2,124        +      10        +     645
      Federal agency (2)                                             0                0        -      10
   Repurchase agreements (4)                                    32,500        +   8,000        -     750    
   Loans                                                           239        +       3        +      59
Items in process of collection                      (822)        6,842        +   1,627        -   6,012
Bank premises                                                    1,718                0        +     129
Other assets (5)                                                36,330        +     208        +     881
      Total assets                                  (822)      786,503        +   9,869        +  35,143
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  703,077        +   2,655        +  35,865
Reverse repurchase agreements (6)                               23,203        +   2,281        +   4,446
Deposits                                              (0)       30,690        +   3,482        -   3,627       
  Depository institutions                                       23,918        +     890        -   4,948
  U.S. Treasury, general account                                 6,374        +   2,706        +   1,849
  Foreign official                                                  81        -     148        -     605
  Other                                               (0)          317        +      34        +      77
Deferred availability cash items                    (822)        6,641        +   1,116        -   4,353
Other liabilities and accrued dividends (7)                      2,600        +       8        +     405
      Total liabilities                             (822)      766,210        +   9,541        +  32,735
                          
Capital Accounts
Capital paid in                                                 10,453        +       1        +   1,701
Surplus                                                          8,847        +      13        +     467
Other capital accounts                                             993        +     315        +     241
      Total capital                                             20,293        +     328        +   2,408


Note: Components may not sum to totals because of rounding.

1  Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2  Face value of the securities.
3  Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 
4  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securites.
5  Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 
6  Cash value of agreements, which are collateralized by U.S. Treasury securities.
7  Includes exchange-translation account reflecting the daily revaluation at market exchange rates of 
   foreign exchange commitments.



3. Maturity Distribution of Loans and Securities,  September 1, 2004
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
Within 15 days              30       49,340   -   8,649            0           0       32,500       23,203
16 days to 90 days         209      156,878   +   6,259            0           0            0            0
91 days to 1 year            0      164,194   +   1,320            0           0     ------      ------
Over 1 to 5 years     ------        198,719   +   1,083            0           0     ------      ------
Over 5 to 10 years    ------         49,808   +       2            0           0     ------      ------
Over 10 years         ------         75,919   +       3            0           0     ------      ------
                   		 	
All                        239      694,858   +      18            0           0       32,500      23,203

Note: Components may not sum to totals because of rounding.
---   Not applicable.

1  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face 
   value of such securities. 
2  Cash value of agreements classified by remaining maturity of the agreements.



4. Statement of Condition of Each Federal Reserve Bank on  September 1, 2004
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,039        494      4,649        382        452        819        894        924        325        218        302        525      1,055
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             777         18         40         40         45         77         99        100         52         22         51        127        107
Securities, repurchase agreements,
      and loans                              727,597     32,629    333,800     20,675     29,691     52,812     46,874     62,651     20,445     15,242     18,291     31,687     62,799
   Securities held outright                  694,858     32,629    301,300     20,667     29,691     52,812     46,859     62,592     20,414     15,156     18,260     31,682     62,796
      U.S. Treasury (1)                      694,858     32,629    301,300     20,667     29,691     52,812     46,859     62,592     20,414     15,156     18,260     31,682     62,796
         Bills (2)                           255,330     11,990    110,715      7,594     10,910     19,406     17,219     23,000      7,501      5,569      6,710     11,642     23,075
         Notes and bonds(3)                  439,528     20,639    190,585     13,073     18,781     33,406     29,641     39,592     12,913      9,587     11,550     20,040     39,721
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                32,500          0     32,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      239          0          0          9          0          0         15         59         31         87         31          5          3
Items in process of collection                 7,663        407        532        371        690        288        849        556        398        458        535        272      2,308
Bank premises                                  1,718         97        190         51        154        145        279        141         56        124         76        225        180
Other assets(5)                               36,330      1,649     12,981      1,008      2,262      5,813      2,074      3,274        951      1,087        745        907      3,580
Interdistrict settlement account                   0    + 4,933    -39,431    + 4,286    + 1,124    + 1,809    +10,804    - 1,217    + 1,663    -   587    + 1,929    + 3,515    +11,171
          Total Assets                       787,325     40,342    313,635     26,897     34,522     61,910     62,038     66,641     23,962     16,593     21,995     37,357     81,434

Note: Components may not sum to totals because of rounding.

1  Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2  Face value of the securities.
3  Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face 
   value of such securities. 
4  Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5  Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.




4. Statement of Condition of Each Federal Reserve Bank on  September 1, 2004
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             827,010     38,657    317,869     33,012     35,138     63,047     73,222     67,747     25,324     15,940     24,274     42,875     89,905
  Less: notes held by F.R. Banks              123,933      4,226     33,219      8,658      5,755     11,409     17,056      7,851      3,373      1,490      4,736      8,123     18,039
    Federal Reserve notes, net                703,077     34,430    284,650     24,354     29,384     51,638     56,165     59,897     21,951     14,450     19,538     34,752     71,866
Reverse repurchase agreements (1)              23,203      1,090     10,061        690        991      1,764      1,565      2,090        682        506        610      1,058      2,097
Deposits                                       30,690      2,039     12,918        722      1,835      3,578      2,140      1,703        580        429        957        833      2,955
  Depository institutions                      23,918      2,018      6,321        721      1,832      3,449      2,133      1,699        578        428        955        833      2,951
  U.S. Treasury, general account                6,374          0      6,374          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 81          2         58          1          2          7          2          3          1          1          1          0          4
  Other                                           317         19        165          0          0        123          5          0          1          0          1          0          0
Deferred availability cash items                7,462        485        684        449        644        438        896        621        168        503        474        294      1,806
Other liabilities and accrued                 
  dividends (2)                                 2,600        148        839         99        129        283        210        240        111         86         98        139        217
   
    Total liabilities                         767,032     38,192    309,152     26,315     32,983     57,701     60,976     64,550     23,492     15,975     21,677     37,077     78,942
                              
Capital                    
Capital paid in                                10,453      1,618      2,144        284        762      2,088        517      1,025        232        262        148        130      1,241
Surplus                                         8,847        448      2,031        259        727      2,074        489        924        228        346        162        111      1,048
Other capital                                     993         84        309         39         49         46         56        141          9         10          8         39        202
     Total liabilities and capital            787,325     40,342    313,635     26,897     34,522     61,910     62,038     66,641     23,962     16,593     21,995     37,357     81,434
                              

Note: Components may not sum to totals because of rounding.

1  Cash value of agreements, which are collateralized by U.S. Treasury securities.
2  Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.


5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars



Federal Reserve notes and collateral        Wednesday
                                           Sep 1, 2004
              
Federal Reserve notes outstanding             827,010
   Less: Notes held by F.R. Banks
         not subject to collateralization     123,933
      Federal Reserve Notes to be
         collateralized                       703,077 
Collateral held against Federal Reserve            
   notes                                      703,077
   Gold certificate account                    11,039
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              689,838
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         727,358
   Less:face value of securities under
         reverse repurchase agreements         23,212
      U.S. Treasury and agency securities
             eligible to be pledged           704,146
   

Note: Components may not sum to totals because of rounding.

1  Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face 
   value of inflation-indexed securities, and cash value of repurchase agreements. 

Release dates
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases