Skip to Content
Release Date: December 24, 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
December 24, 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 Dec 23, 1998 Dec 16, 1998 Dec 24, 1997 Dec 23, 1998
Reserve Bank Credit (1,2) 504,289 + 1,171 + 32,643 508,123
U.S. government securities
Bought outright-system account (3) 453,111 - 908 + 23,913 454,657
Held under repurchase agreements 8,098 + 1,189 + 827 7,845
Federal agency obligations
Bought outright 338 0 - 347 338
Held under repurchase agreements 5,767 - 613 + 4,284 5,742
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 8 - 17 - 83 21
Seasonal credit 16 + 3 - 62 21
Extended credit 0 0 0 0
Float 1,801 + 1,212 + 896 4,241
Other F.R. assets 35,152 + 305 + 3,216 35,259
Gold stock 11,041 0 - 8 11,041
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 26,163 + 14 + 559 26,163
Total factors supplying reserve funds 550,693 + 1,185 + 33,194 554,526
Currency in circulation* 511,381 + 3,674 + 34,260 515,667
Treasury cash holdings* 84 - 2 - 145 85
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,434 - 889 + 434 3,837
Foreign 194 - 1 + 38 175
Service-related balances and adjustments (4) 6,977 + 273 - 9 6,977
Other 231 - 59 - 102 175
Other F.R. liabilities and capital 17,197 + 84 + 854 16,969
Total factors, other than reserve balances,
absorbing reserve funds 541,499 + 3,080 + 35,330 543,886
Reserve balances with F.R. Banks (5) 9,194 - 1,895 - 2,136 10,640
On December 23, 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 599,533 million, a change of
+$ 1,945 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 19,954 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 19,954 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 18,409 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 18,409 million was with foreign official and international
accounts. Includes $ 150 million securities loaned--fully secured U.S. government securities.
3 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 77 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,583 million and adjustments of $ 394 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
Dec 23, 1998 Dec 16, 1998 Dec 24, 1997
ASSETS
Gold certificate account 11,041 0 - 7
Special drawing rights certificate account 9,200 0 0
Coin 392 - 7 - 93
Loans 42 - 118 - 54
Acceptances 0 0 0
Federal agency obligations
Bought outright 338 0 - 347
Held under repurchase agreements (1) 5,742 - 1,439 + 3,840
U.S. government securities
Bought outright--Bills 197,291 - 380 - 1,156
Notes (2) 187,893 + 2 + 13,688
Bonds (3) 69,473 0 + 10,066
Total bought outright (4) 454,657 - 378 + 22,598
Held under repurchase agreements (1) 7,845 + 2,143 + 722
Total U.S. government securities 462,502 + 1,765 + 23,320
Total loans and securities 468,623 + 208 + 26,759
Items in process of collection (535) 11,532 + 2,780 + 648
Bank premises 1,297 + 1 + 26
Other assets (5) 34,199 + 702 + 3,811
TOTAL ASSETS (535) 536,284 + 3,685 + 31,143
LIABILITIES
Federal Reserve notes 489,982 + 5,804 + 34,349
Deposits
Depository institutions 17,024 + 2,362 - 3,073
U.S. Treasury--general account 3,837 - 4,791 - 1,112
Foreign--official accounts 175 + 5 + 18
Other 175 - 88 - 121
Total deposits 21,211 - 2,511 - 4,288
Deferred availability cash items (535) 8,122 + 387 + 252
Other liabilities and accrued dividends (6) 4,448 - 29 - 484
TOTAL LIABILITIES (535) 523,763 + 3,651 + 29,829
CAPITAL ACCOUNTS
Capital paid in 5,948 + 6 + 506
Surplus 5,220 0 + 832
Other capital accounts 1,352 + 27 - 24
*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 $ 2,867 million of inflation-indexed securities valued at the original face amount and
$ 66 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
$ 11 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,409 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 150 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 $ 15 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, December 23, 1998
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 42 0 Within 15 days 14,480 + 1,999 2,389 - 2,164
16 to 90 days 0 0 16 to 90 days 102,661 - 101 3,380 + 725
Over 90 days 0 0 91 days to 1 year 137,522 - 135 75 0
Over 1 to 5 years 107,350 + 1 61 0
Over 5 to 10 years 44,821 + 1 175 0
Over 10 years 55,668 0 0 0
Total 42 0 Total 462,502 + 1,765 6,080 - 1,439
1 Includes $ 3,687 million of inflation-indexed securities valued at the original face amount and
$ 77 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 December 23, 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 392 28 17 23 17 56 49 41 21 17 26 41 56
Loans 42 2 0 5 0 0 2 3 2 6 7 0 15
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 338 18 125 10 22 27 21 32 12 4 9 15 42
Held under repurchase agreements(1) 5,742 0 5,742 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 197,291 10,745 73,124 5,736 12,822 15,541 12,001 18,940 6,933 2,167 5,473 8,971 24,836
Notes (2) 187,893 10,233 69,641 5,463 12,212 14,801 11,430 18,038 6,603 2,064 5,212 8,543 23,653
Bonds (3) 69,473 3,784 25,750 2,020 4,515 5,473 4,226 6,670 2,441 763 1,927 3,159 8,746
Total bought outright(4) 454,657 24,762 168,514 13,219 29,549 35,815 27,657 43,648 15,977 4,995 12,612 20,673 57,236
Held under repurchase agreements(1) 7,845 0 7,845 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 462,502 24,762 176,359 13,219 29,549 35,815 27,657 43,648 15,977 4,995 12,612 20,673 57,236
Total loans and securities 468,623 24,782 182,226 13,233 29,571 35,842 27,680 43,683 15,991 5,004 12,629 20,688 57,293
Items in process of collection 12,067 790 1,244 560 834 756 1,304 939 891 747 546 841 2,615
Bank premises 1,297 94 158 51 156 125 81 107 31 131 54 149 162
Other assets(5) 34,199 1,601 10,872 1,474 2,035 4,028 2,053 3,038 886 851 801 1,570 4,991
Interdistrict settlement account 0 +38 +5,139 +1,915 -5,100 +3,866 +4,327 -586 -2,332 +735 +1,035 +1,401 -10,437
TOTAL ASSETS 536,819 28,444 207,059 17,861 28,730 46,272 36,813 49,119 16,187 7,735 15,628 25,586 57,386
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 $ 2,867 million of inflation-indexed securities valued at the original face amount and
$ 66 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
$ 11 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Net of $ 18,409 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 150 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 $ 15 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 December 23, 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 489,982 26,428 193,364 16,410 26,100 41,394 33,194 44,346 14,674 6,147 14,216 23,080 50,628
Deposits
Depository institutions 17,024 702 4,570 498 1,150 1,286 1,317 2,403 707 425 510 1,344 2,110
U.S. Treasury--general account 3,837 0 3,837 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 175 7 60 8 9 22 9 14 3 5 3 7 26
Other 175 0 98 2 3 28 4 16 1 1 18 1 2
Total deposits 21,211 710 8,566 508 1,162 1,336 1,330 2,433 711 432 532 1,353 2,138
Deferred credit items 8,657 507 974 323 360 667 1,125 712 374 666 432 425 2,093
Other liabilities and accrued
dividends (1) 4,448 243 1,543 157 281 367 295 422 169 86 153 208 523
TOTAL LIABILITIES 524,298 27,888 204,446 17,398 27,903 43,764 35,944 47,913 15,928 7,331 15,333 25,066 55,382
CAPITAL ACCOUNTS
Capital paid in 5,948 267 1,208 177 398 1,237 418 582 120 202 140 227 972
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 1,352 35 350 14 92 452 112 123 17 14 36 22 87
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 536,819 28,444 207,059 17,861 28,730 46,272 36,813 49,119 16,187 7,735 15,628 25,586 57,386
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 613,352 30,366 240,100 18,526 29,625 51,049 44,702 54,249 17,353 7,717 17,259 33,780 68,626
Less--Held by F.R. Banks 123,370 3,938 46,737 2,116 3,525 9,654 11,508 9,904 2,679 1,570 3,042 10,700 17,997
F.R. notes, net 489,982 26,428 193,364 16,410 26,100 41,394 33,194 44,346 14,674 6,147 14,216 23,080 50,628
Collateral held against F.R. notes
Gold certificate account 11,041
Special drawing rights
certificate account 9,200
Other eligible assets 1,159
U.S. govt. and agency securities 468,581
Total collateral 489,982
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: December 24, 1998