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Release Date: October 22, 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
October 22, 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 21, 1998 Oct 14, 1998 Oct 22, 1997 Oct 21, 1998
Reserve Bank Credit (1,2) 490,871 + 2,213 + 35,554 492,341
U.S. government securities
Bought outright-system account (3) 447,289 - 384 + 32,204 448,032
Held under repurchase agreements 4,096 + 1,424 - 1,890 4,115
Federal agency obligations
Bought outright 388 - 13 - 367 388
Held under repurchase agreements 4,415 + 1,338 + 3,439 5,488
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 4 - 27 - 29 0
Seasonal credit 99 - 11 - 109 94
Extended credit 0 0 0 0
Float -142 - 721 - 608 -230
Other F.R. assets 34,722 + 606 + 2,914 34,453
Gold stock 11,044 0 - 6 11,044
Special drawing rights certificate account 9,200 0 0 9,200
Treasury currency outstanding 26,014 + 14 + 474 26,014
Total factors supplying reserve funds 537,128 + 2,227 + 36,022 538,598
Currency in circulation* 497,168 - 143 + 35,654 497,571
Treasury cash holdings* 92 0 - 148 91
Deposits,other than reserve balances,with F.R.Banks
Treasury 5,322 - 158 - 205 4,842
Foreign 209 - 112 + 10 177
Service-related balances and adjustments (4) 6,954 - 103 + 81 6,954
Other 408 - 9 + 33 398
Other F.R. liabilities and capital 17,218 + 140 + 1,117 17,025
Total factors, other than reserve balances,
absorbing reserve funds 527,370 - 385 + 36,542 527,058
Reserve balances with F.R. Banks (5) 9,759 + 2,612 - 520 11,540
On October 21, 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 575,818 million, a change of
+$ 3,908 million for the week. The total includes the face value of U.S. Treasury strips and other zero
coupon bonds.
1 Net of $ 19,055 million daily average, matched sale-purchase transactions outstanding during the
latest statement week, of which a net of $ 19,055 million was with foreign official and international
accounts. Includes securities loaned--fully secured by U.S. government securities.
2 Net of $ 18,313 million matched sale-purchase transactions outstanding at the end of the latest
statement week, of which a net of $ 18,313 million was with foreign official and international
accounts. Includes $ 772 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
$ 58 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
4 Consists of required clearing balances of $ 6,668 million and adjustments of $ 286 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 21, 1998 Oct 14, 1998 Oct 22, 1997
ASSETS
Gold certificate account 11,044 0 - 7
Special drawing rights certificate account 9,200 0 0
Coin 413 + 1 - 106
Loans 95 - 115 - 122
Acceptances 0 0 0
Federal agency obligations
Bought outright 388 0 - 358
Held under repurchase agreements (1) 5,488 + 918 + 3,866
U.S. government securities
Bought outright--Bills 197,387 + 942 + 1,056
Notes (2) 183,591 - 597 + 20,516
Bonds (3) 67,055 0 + 10,996
Total bought outright (4) 448,032 + 346 + 32,567
Held under repurchase agreements (1) 4,115 + 2,070 - 8,399
Total U.S. government securities 452,147 + 2,416 + 24,168
Total loans and securities 458,117 + 3,218 + 27,554
Items in process of collection (634) 6,965 - 4,635 - 141
Bank premises 1,296 0 + 23
Other assets (5) 33,178 + 180 + 2,137
TOTAL ASSETS (634) 520,213 - 1,236 + 29,460
LIABILITIES
Federal Reserve notes 472,061 - 894 + 35,257
Deposits
Depository institutions 18,773 + 2,393 - 6,783
U.S. Treasury--general account 4,842 - 53 - 744
Foreign--official accounts 177 - 12 - 28
Other 398 0 + 33
Total deposits 24,190 + 2,329 - 7,522
Deferred availability cash items (634) 6,937 - 2,818 + 622
Other liabilities and accrued dividends (6) 4,588 + 138 - 383
TOTAL LIABILITIES (634) 507,776 - 1,245 + 27,974
CAPITAL ACCOUNTS
Capital paid in 5,916 + 1 + 657
Surplus 5,220 0 + 832
Other capital accounts 1,300 + 8 - 3
*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 $ 18,313 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 772 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 $ 170 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 21, 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 88 0 Within 15 days 13,874 - 3,178 5,488 + 918
16 to 90 days 6 0 16 to 90 days 94,188 + 235 50 0
Over 90 days 0 0 91 days to 1 year 141,674 + 5,359 85 0
Over 1 to 5 years 105,383 - 406 68 0
Over 5 to 10 years 42,033 + 405 185 0
Over 10 years 54,994 0 0 0
Total 95 0 Total 452,147 + 2,416 5,876 + 918
1 Includes $ 3,250 million of inflation-indexed securities valued at the original face amount and
$ 58 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 21, 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 11,044 582 4,204 323 643 807 717 998 358 128 289 530 1,465
Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241
Coin 413 21 18 17 18 47 65 58 20 16 32 48 52
Loans 95 1 0 0 0 0 2 11 18 36 25 1 0
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Federal agency obligations
Bought outright 388 21 144 11 25 31 24 37 14 4 11 18 49
Held under repurchase agreements(1) 5,488 0 5,488 0 0 0 0 0 0 0 0 0 0
U.S. government securities
Bought outright--Bills 197,387 10,750 73,159 5,739 12,829 15,549 12,007 18,949 6,936 2,168 5,476 8,975 24,848
Notes (2) 183,591 9,999 68,046 5,338 11,932 14,462 11,168 17,625 6,452 2,017 5,093 8,348 23,112
Bonds (3) 67,055 3,652 24,853 1,950 4,358 5,282 4,079 6,437 2,356 737 1,860 3,049 8,441
Total bought outright(4) 448,032 24,401 166,059 13,026 29,119 35,293 27,254 43,012 15,745 4,922 12,429 20,371 56,402
Held under repurchase agreements(1) 4,115 0 4,115 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 452,147 24,401 170,174 13,026 29,119 35,293 27,254 43,012 15,745 4,922 12,429 20,371 56,402
Total loans and securities 458,117 24,423 175,805 13,037 29,144 35,324 27,280 43,060 15,776 4,963 12,464 20,390 56,450
Items in process of collection 7,599 511 811 310 298 468 860 809 383 625 493 304 1,726
Bank premises 1,296 93 158 50 157 125 80 107 31 131 54 149 161
Other assets(5) 33,178 1,598 9,924 1,429 2,019 3,978 2,035 3,172 889 838 796 1,556 4,943
Interdistrict settlement account 0 -1,638 +18,269 -717 -4,448 -1,518 -755 -2,473 -2,051 +670 +1,172 +2,954 -9,465
TOTAL ASSETS 520,847 26,121 212,392 14,732 28,405 40,024 30,884 46,631 15,747 7,494 15,547 26,299 56,573
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 $ 18,313 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes $ 772 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 $ 170 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 21, 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 472,061 22,949 198,926 13,166 25,792 34,434 27,254 41,823 14,295 5,590 13,951 23,655 50,224
Deposits
Depository institutions 18,773 1,903 3,602 658 1,125 2,031 1,487 2,343 690 764 703 1,541 1,926
U.S. Treasury--general account 4,842 0 4,842 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 177 7 63 8 9 22 9 14 3 5 3 7 26
Other 398 4 104 1 3 96 5 171 2 0 8 2 3
Total deposits 24,190 1,914 8,610 667 1,137 2,149 1,501 2,528 696 770 714 1,551 1,955
Deferred credit items 7,571 442 708 234 359 647 909 705 317 639 434 352 1,826
Other liabilities and accrued
dividends (1) 4,588 254 1,570 164 289 375 309 436 181 89 158 216 547
TOTAL LIABILITIES 508,410 25,559 209,814 14,230 27,577 37,606 29,973 45,492 15,489 7,088 15,256 25,774 54,552
CAPITAL ACCOUNTS
Capital paid in 5,916 268 1,186 213 398 1,223 410 546 120 200 138 234 980
Surplus 5,220 254 1,055 273 335 818 338 502 122 189 119 271 945
Other capital accounts 1,300 41 336 16 95 377 162 91 16 17 34 21 97
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 520,847 26,121 212,392 14,732 28,405 40,024 30,884 46,631 15,747 7,494 15,547 26,299 56,573
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 586,916 27,860 239,763 16,345 30,341 43,144 37,142 52,788 17,013 7,346 16,599 30,137 68,437
Less--Held by F.R. Banks 114,855 4,911 40,836 3,180 4,549 8,710 9,888 10,965 2,717 1,756 2,648 6,482 18,213
F.R. notes, net 472,061 22,949 198,926 13,166 25,792 34,434 27,254 41,823 14,295 5,590 13,951 23,655 50,224
Collateral held against F.R. notes
Gold certificate account 11,044
Special drawing rights
certificate account 9,200
Other eligible assets 0
U.S. govt. and agency securities 451,817
Total collateral 472,061
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: October 22, 1998