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Release Date: November 19, 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
November 19, 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 Nov 18, 1998 Nov 11, 1998 Nov 19, 1997 Nov 18, 1998
Reserve Bank Credit (1,2) 495,256 + 2,177 + 34,441 494,396
U.S. government securities
Bought outright-system account (3) 450,434 + 79 + 32,986 451,617
Held under repurchase agreements 4,084 + 2,181 - 3,490 3,630
Federal agency obligations
Bought outright 373 0 - 312 373
Held under repurchase agreements 4,215 + 1,027 + 2,912 4,263
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 72 + 59 - 1 15
Seasonal credit 33 - 13 - 77 24
Extended credit 0 0 0 0
Float 496 - 529 - 1,059 486
Other F.R. assets 35,551 - 625 + 3,482 33,988
Gold stock 11,042 + 1 - 8 11,041
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 26,093 + 14 + 498 26,093
Total factors supplying reserve funds 541,591 + 2,192 + 34,930 540,730
Currency in circulation* 502,563 + 1,584 + 35,372 503,375
Treasury cash holdings* 88 + 1 - 160 98
Deposits,other than reserve balances,with F.R.Banks
Treasury 4,801 - 454 - 258 4,720
Foreign 178 - 7 - 92 214
Service-related balances and adjustments (4) 6,778 - 33 - 123 6,778
Other 410 - 6 + 64 406
Other F.R. liabilities and capital 17,220 - 919 + 1,028 16,859
Total factors, other than reserve balances,
absorbing reserve funds 532,037 + 166 + 35,833 532,450
Reserve balances with F.R. Banks (5) 9,554 + 2,026 - 902 8,280
On November 18, 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 591,187 million, a change of
+$ 12,257 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 20,429 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 20,429 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 19,345 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 19,345 million was with foreign official and international
accounts. Includes $ 410 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
$ 61 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,562 million and adjustments of $ 216 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
Nov 18, 1998 Nov 11, 1998 Nov 19, 1997
ASSETS
Gold certificate account 11,041 0 - 9
Special drawing rights certificate account 9,200 0 0
Coin 404 - 4 - 106
Loans 39 + 1 - 553
Acceptances 0 0 0
Federal agency obligations
Bought outright 373 0 - 312
Held under repurchase agreements (1) 4,263 + 658 + 1,662
U.S. government securities
Bought outright--Bills 196,355 - 1,402 + 305
Notes (2) 186,646 + 440 + 21,406
Bonds (3) 68,617 + 915 + 11,378
Total bought outright (4) 451,617 - 48 + 33,089
Held under repurchase agreements (1) 3,630 + 2,690 - 3,722
Total U.S. government securities 455,247 + 2,642 + 29,367
Total loans and securities 459,922 + 3,300 + 30,164
Items in process of collection (620) 8,747 - 1,624 + 1,668
Bank premises 1,295 0 + 18
Other assets (5) 32,744 - 2,215 + 3,588
TOTAL ASSETS (620) 523,352 - 542 + 35,323
LIABILITIES
Federal Reserve notes 477,785 + 277 + 34,876
Deposits
Depository institutions 15,691 + 1,504 - 2,421
U.S. Treasury--general account 4,720 - 551 + 594
Foreign--official accounts 214 + 57 + 34
Other 406 + 16 + 64
Total deposits 21,030 + 1,027 - 1,729
Deferred availability cash items (620) 7,678 - 447 + 1,243
Other liabilities and accrued dividends (6) 4,471 + 116 - 460
TOTAL LIABILITIES (620) 510,965 + 973 + 33,930
CAPITAL ACCOUNTS
Capital paid in 5,935 + 3 + 650
Surplus 5,220 0 + 832
Other capital accounts 1,232 - 1,518 - 89
*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
$ 53 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
$ 9 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 19,345 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 410 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 $ 175 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, November 18, 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 37 0 Within 15 days 13,692 - 3,948 4,268 + 658
16 to 90 days 2 0 16 to 90 days 96,249 + 1,147 32 0
Over 90 days 0 0 91 days to 1 year 139,064 + 4,757 100 0
Over 1 to 5 years 107,327 - 584 51 0
Over 5 to 10 years 43,947 + 1,913 185 0
Over 10 years 54,968 - 643 0 0
Total 39 0 Total 455,247 + 2,642 4,636 + 658
1 Includes $ 3,250 million of inflation-indexed securities valued at the original face amount and
$ 61 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 November 18, 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 404 26 20 17 18 46 58 49 21 15 31 45 57
Loans 39 0 0 0 0 0 0 2 7 5 10 0 15
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 373 20 138 11 24 29 23 36 13 4 10 17 47
Held under repurchase agreements(1) 4,263 0 4,263 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 196,355 10,694 72,777 5,709 12,762 15,468 11,944 18,850 6,900 2,157 5,447 8,928 24,719
Notes (2) 186,646 10,165 69,178 5,426 12,131 14,703 11,354 17,918 6,559 2,050 5,178 8,487 23,496
Bonds (3) 68,617 3,737 25,432 1,995 4,460 5,405 4,174 6,587 2,411 754 1,903 3,120 8,638
Total bought outright(4) 451,617 24,596 167,388 13,130 29,352 35,576 27,472 43,356 15,870 4,961 12,528 20,534 56,853
Held under repurchase agreements(1) 3,630 0 3,630 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 455,247 24,596 171,018 13,130 29,352 35,576 27,472 43,356 15,870 4,961 12,528 20,534 56,853
Total loans and securities 459,922 24,617 175,419 13,141 29,376 35,605 27,495 43,393 15,891 4,971 12,548 20,551 56,915
Items in process of collection 9,367 672 1,390 426 483 554 1,242 580 116 890 606 495 1,913
Bank premises 1,295 93 158 50 156 125 80 107 31 131 54 149 161
Other assets(5) 32,744 1,553 9,746 1,428 1,980 4,001 1,998 3,110 848 859 773 1,531 4,915
Interdistrict settlement account 0 -1,932 +15,705 +1,076 -4,055 +1,872 -2,481 -1,973 -1,657 +351 +705 +2,631 -10,241
TOTAL ASSETS 523,973 26,140 209,841 16,745 29,175 43,803 29,711 47,165 15,948 7,468 15,252 26,298 56,427
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
$ 53 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
$ 9 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 19,345 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 410 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 $ 175 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 November 18, 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 477,785 24,052 196,749 15,183 26,277 38,933 26,192 42,542 14,421 5,616 13,749 23,958 50,113
Deposits
Depository institutions 15,691 801 3,041 668 1,356 1,190 1,269 2,210 768 680 569 1,243 1,894
U.S. Treasury--general account 4,720 0 4,720 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 214 7 99 8 9 22 9 14 3 5 3 7 26
Other 406 0 103 0 3 85 12 178 4 3 11 2 5
Total deposits 21,031 808 7,963 675 1,368 1,297 1,291 2,403 776 688 584 1,253 1,925
Deferred credit items 8,298 474 1,037 228 419 716 1,060 651 326 669 475 362 1,882
Other liabilities and accrued
dividends (1) 4,471 248 1,513 162 288 368 300 429 174 88 155 212 534
TOTAL LIABILITIES 511,585 25,582 207,263 16,248 28,352 41,314 28,842 46,025 15,697 7,060 14,962 25,785 54,455
CAPITAL ACCOUNTS
Capital paid in 5,935 268 1,202 211 398 1,236 419 551 119 202 138 223 968
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 1,232 37 321 13 89 435 112 87 11 18 33 19 59
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 523,973 26,140 209,841 16,745 29,175 43,803 29,711 47,165 15,948 7,468 15,252 26,298 56,427
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 597,997 28,832 240,607 17,837 30,343 48,166 37,291 53,313 17,123 7,448 16,789 32,324 67,922
Less--Held by F.R. Banks 120,212 4,780 43,858 2,654 4,066 9,234 11,100 10,771 2,702 1,832 3,041 8,366 17,809
F.R. notes, net 477,785 24,052 196,749 15,183 26,277 38,933 26,192 42,542 14,421 5,616 13,749 23,958 50,113
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 457,544
Total collateral 477,785
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: November 19, 1998