H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Skip to Content Release Date: October 29, 1998 Release dates Current release Other formats:Screen reader | ASCII 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 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap ASSETS Gold certificate account 11,041 582 4,201 323 643 807 717 998 358 12 Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 12 Coin 458 24 18 16 18 49 63 96 20 1 Loans 84 0 0 0 0 0 2 9 19 2 Acceptances 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 388 21 144 11 25 31 24 37 14 Held under repurchase agreements(1) 3,440 0 3,440 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 2,16 Notes (2) 184,333 10,039 68,321 5,359 11,980 14,521 11,213 17,696 6,478 2,02 Bonds (3) 67,055 3,652 24,853 1,950 4,358 5,282 4,079 6,437 2,356 73 Total bought outright(4) 447,966 24,397 166,034 13,024 29,115 35,288 27,250 43,006 15,742 4,92 Held under repurchase agreements(1) 2,279 0 2,279 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 4,92 Total loans and securities 454,157 24,418 171,897 13,035 29,140 35,319 27,276 43,052 15,775 4,95 Items in process of collection 6,885 500 733 300 284 492 701 594 298 61 Bank premises 1,295 93 158 50 156 125 80 107 31 13 Other assets(5) 33,601 1,616 10,143 1,434 2,048 3,999 2,057 3,196 898 84 Interdistrict settlement account 0 -2,921 +21,925 -227 -4,633 -1,713 -1,460 -2,938 -2,195 +21 TOTAL ASSETS 516,635 24,843 212,277 15,214 28,231 39,870 30,034 46,005 15,525 7,02 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 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap LIABILITIES Federal Reserve notes 472,533 23,035 198,979 13,290 25,833 35,554 26,810 41,809 14,278 5,58 Deposits Depository institutions 13,385 574 1,931 1,042 930 855 1,158 1,900 504 37 U.S. Treasury--general account 6,382 0 6,382 0 0 0 0 0 0 Foreign--official accounts 213 7 98 8 9 22 9 14 3 Other 467 2 104 1 4 94 49 198 2 Total deposits 20,448 582 8,515 1,051 944 971 1,216 2,112 509 37 Deferred credit items 6,727 416 647 212 340 518 856 516 308 57 Other liabilities and accrued dividends (1) 4,477 248 1,509 161 288 371 306 429 175 8 TOTAL LIABILITIES 504,184 24,281 209,650 14,714 27,404 37,414 29,188 44,866 15,270 6,62 CAPITAL ACCOUNTS Capital paid in 5,919 268 1,186 213 398 1,223 410 549 119 20 Surplus 5,220 254 1,055 273 335 818 338 502 122 18 Other capital accounts 1,311 40 385 13 93 415 98 89 14 1 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 516,635 24,843 212,277 15,214 28,231 39,870 30,034 46,005 15,525 7,02 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 7,36 Less--Held by F.R. Banks 115,247 4,878 40,914 3,103 4,462 8,564 10,203 10,981 2,661 1,78 F.R. notes, net 472,533 23,035 198,979 13,290 25,833 35,554 26,810 41,809 14,278 5,58 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. Release dates Current release Other formats:Screen reader | ASCII Home | Statistical releases Accessibility To comment on this site, please fill out our feedback form. Last update: October 29, 1998