<HTML>
<HEAD>
<META HTTP-EQUIV="Pragma" CONTENT="no-cache">


<TITLE>FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- October 2, 1997</TITLE>


<link href="../style.css" rel="stylesheet">

<BASE TARGET="_top">
</HEAD>

<BODY BGCOLOR="#FFFFFF">

<A HREF="/releases/"><IMG SRC="/gifjpg/H41.gif" ALT="Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page" WIDTH="566" HEIGHT="101" BORDER=0></A>
<br>
<a href="#content" class="skip">Skip to Content</a><br>
<FONT SIZE=+1><I>Release Date: October 2, 1997</I></FONT><BR>

<BR>
<A HREF="../">Release dates</A><br>
<font style="line-height: 20px;">
Current release  <i>Other formats:</i> <A HREF="h41.htm">Screen reader</A> | <A HREF="H41.TXT">ASCII</A></font>

<HR>
<a name="content"></a>
<BR>



<PRE>
 
 
 
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 2,  1997
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 1, 1997    Sep 24, 1997    Oct 2, 1996   Oct 1, 1997
 
Reserve Bank Credit  (1,2)                                     453,327   +         273   +    27,468   453,154
  U.S. government securities
    Bought outright-system account (3)                         411,645   +         308   +    25,391   413,046
    Held under repurchase agreements                             7,645   -         864   +     4,112     5,945
  Federal agency obligations
    Bought outright                                                917   -           9   -     1,393       865
    Held under repurchase agreements                               848   +         123   -       156       546
  Acceptances                                                        0               0             0         0
  Loans to depository institutions
    Adjustment credit                                                6   -          11   -       233         6
    Seasonal credit                                                340   -          39   +        38       297
    Extended credit                                                  0               0             0         0
   Float                                                           340   -         119   -       238       625
   Other F.R. assets                                            31,587   +         883   -        53    31,823
Gold stock                                                      11,050               0   +         1    11,050
Special drawing rights certificate account                       9,200               0   -       518     9,200
Treasury currency outstanding                                   25,517   +          14   +       716    25,517
        Total factors supplying reserve funds                  499,095   +         286   +    27,666   498,921
 
Currency in circulation*                                       457,259   -         312   +    26,826   458,874
Treasury cash holdings*                                            255   -           6   -        31       258
Deposits,other than reserve balances,with F.R.Banks
  Treasury                                                       6,687   -         262   -       128     3,703
  Foreign                                                          192   +          27   +         2       217
  Service-related balances and adjustments (4)                   7,014   -          70   +       475     7,014
  Other                                                            378   +          14   +         4       400
Other F.R. liabilities and capital                              16,128   -          55   +     2,206    15,918
        Total factors, other than reserve balances,
        absorbing reserve funds                                487,914   -         664   +    29,355   486,384
 
Reserve balances with F.R. Banks  (5)                           11,181   +         951   -     1,689    12,537
 
On   October 1, 1997,  the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign
official and international accounts was $ 637,946 million, a change of + $ 703 million for the week.  The total includes the face
value of U.S. Treasury strips and other zero coupon bonds.
1  Net of $ 15,143 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which
    a net of $ 15,143 million was with foreign official and international accounts.  Includes securities loaned--fully secured by U.S. 
   government securities.
2 Net of $ 14,688 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of
   $ 14,688 million was with foreign official and international accounts.  Includes $ 584 million securities loaned--fully
   secured U.S. government securities.
3 Includes $ 1,150 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 Consists of required clearing balances of $ 6,746 million and adjustments of $ 267 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 1, 1997    Sep 24, 1997     Oct 2, 1996
                                 ASSETS
Gold certificate account                                     11,050                 0                0
Special drawing rights certificate account                    9,200                 0      -       518
Coin                                                            526       +         2      -        70
 
Loans                                                           304       -        79      +        20
Acceptances                                                       0                 0                0
Federal agency obligations
  Bought outright                                               865       -        60      -     1,444
  Held under repurchase agreements (1)                          546       -       510      +       102
U.S. government securities
  Bought outright--Bills                                    194,917       +       361      +     8,220
                   Notes (2)                                163,138       +     1,655      +    10,746
                   Bonds                                     54,991                 0      +     7,123
    Total bought outright (3)                               413,046       +     2,016      +    26,089
  Held under repurchase agreements (1)                        5,945       -     6,574      +     4,590
     Total U.S. government securities                       418,991       -     4,558      +    30,679
       Total loans and securities                           420,706       -     5,207      +    29,356
 
Items in process of collection              (401)             7,376       +       951      -        83
Bank premises                                                 1,268       -         1      +        61
Other assets (4)                                             30,556       +       743      +       683
              TOTAL ASSETS                  (401)           480,681       -     3,513      +    29,430
 
                             LIABILITIES
Federal Reserve notes                                       434,141       +       819      +    26,360
Deposits
  Depository institutions                                    19,388       -     1,797      +     1,940
  U.S. Treasury--general account                              3,703       -     3,625      -     1,724
  Foreign--official accounts                                    217       +        55      +        34
    Other                                                       400       +        34      +        21
      Total deposits                                         23,707       -     5,333      +       270
Deferred availability cash items            (401)             6,915       +     1,046      +       132
Other liabilities and accrued dividends (5)                   4,841       -       150      +       410
             TOTAL LIABILITIES              (401)           469,604       -     3,619      +    27,172
                                                                                           
                               CAPITAL ACCOUNTS                                            
Capital paid in                                               5,230       +         5      +       695
Surplus                                                       4,389       -       107      +       539
Other capital accounts                                        1,459       +       208      +     1,024
                                                                          
 
*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 $ 1,150 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.
3 Net of $ 14,688 million matched sale-purchase transactions outstanding at the end of the latest statement week.  Includes
   $ 584 million securities loaned--fully secured by U.S. government securities.
4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.  Includes special investment account
   at Chicago of $ 147 million in Treasury bills maturing within 90 days.
5 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 1, 1997
Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum 
maturity of the agreements.
Millions of dollars
                                                                U.S. government           Federal agency
               Loans  Acceptances                                 securities (1)           obligations
                                                                     Weekly                     Weekly
                                                          Holdings   changes          Holdings  changes
Within 15 day      81        0  Within 15 days              18,676  -          1,765      551  -            565
16 days to 90     223        0  16 days to 90 days          84,712  -          5,590       76  +             30
Over 90 days        0        0  91 days to 1 year          141,248  +          2,257      202                 0
                                Over 1 year to 5 years      91,956  +            541      303  -             35
                                Over 5 years to 10 years    37,658                 0      255                 0
                                Over 10 years               44,741                 0       25                 0
    Total         304        0       Total                 418,991  -          4,558     1411  -            570
 
1 Includes $ 1,150 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.
Components may not add to totals due to rounding.
 
 
 
 
H.4.1 (b)
 
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 1, 1997
Millions of dollars
                                                                                                                                                                   Kansas                   San
                                           Total      Boston      New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis     City       Dallas    Francisco
         ASSETS
Gold certificate account                     11,050         624       3,937         350         669         965         723       1,069         401         147         286         459       1,420
Special drawing rights certif. acct.          9,200         530       3,202         282         574         792         602         900         340         123         247         367       1,241
Coin                                            526          17          20          53          34          74          65          67          21          19          35          49          72
 
Loans                                           304           0           0           0           0           0           5          47          75         111          52           4           8
Acceptances                                       0           0           0           0           0           0           0           0           0           0           0           0           0
Federal agency obligations
  Bought outright                               865          53         280          29          60          82          58          92          34          12          25          31         109
  Held under repurchase agreements(1)           546           0         546           0           0           0           0           0           0           0           0           0           0
U.S. government securities
  Bought outright--Bills                    194,917      11,883      63,046       6,516      13,483      18,546      13,007      20,791       7,763       2,715       5,566       7,079      24,524
                   Notes (2)                163,138       9,945      52,767       5,454      11,284      15,522      10,886      17,401       6,498       2,272       4,658       5,925      20,525
                   Bonds                     54,991       3,352      17,787       1,838       3,804       5,232       3,670       5,866       2,190         766       1,570       1,997       6,919
     Total bought outright(3)               413,046      25,180     133,600      13,808      28,571      39,300      27,563      44,057      16,451       5,752      11,794      15,000      51,968
  Held under repurchase agreements(1)         5,945           0       5,945           0           0           0           0           0           0           0           0           0           0
     Total U.S. govt. securities            418,991      25,180     139,545      13,808      28,571      39,300      27,563      44,057      16,451       5,752      11,794      15,000      51,968
       Total loans and securities           420,706      25,234     140,371      13,837      28,631      39,382      27,626      44,197      16,561       5,875      11,871      15,036      52,085
 
Items in process of collection                7,777         449       1,016         176         330         585         882         706         330         527         396         390       1,989
Bank premises                                 1,268          94         154          50         122         126          77         108          30         143          55         150         159
Other assets(4)                              30,556       1,268       9,681       1,395       1,812       2,376       2,331       3,255         880         571         969       1,367       4,652  
Interdistrict settlement account                 -0       -3350       20387       -2077       -2031       -7150       -1666       -3204       -2130       -1762         284        3997       -1298
          TOTAL ASSETS                      481,083      24,865     178,768      14,066      30,140      37,150      30,641      47,098      16,432       5,644      14,143      21,817      60,320
 
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 $ 1,150 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.
3 Net of $ 14,688 million matched sale-purchase transactions outstanding at the end of the latest statement week.  Includes $ 584 million
   securities loaned--fully secured by U.S. government securities.
4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.  Includes special investment account at Chicago of 
   $ 147 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 1, 1997
Millions of dollars
                                                                                                                                                                   Kansas                   San
                                           Total      Boston      New York  Philadelphia Cleveland    Richmond    Atlanta     Chicago    St. Louis  Minneapolis     City       Dallas    Francisco
       LIABILITIES
Federal Reserve notes                       434,141      22,855     164,266      12,003      27,900      33,075      27,371      42,456      15,171       4,167      12,432      19,608      52,837
Deposits
  Depository institutions                    19,388         883       5,866       1,054         872       1,241       1,378       2,205         594         429         786       1,141       2,938
  U.S. Treasury--general account              3,703           0       3,703           0           0           0           0           0           0           0           0           0           0
  Foreign--official accounts                    217           5         106           9           9          10          13          17           4           3           5           8          28
  Other                                         400           1         126           4           4         107           2         149           0           1           2           1           1
    Total deposits                           23,707         890       9,801       1,067         885       1,358       1,394       2,371         598         433         794       1,150       2,967
Deferred credit items                         7,317         430         849         229         273         612         775         674         233         545         438         323       1,934
Other liabilities and accrued
  dividends (1)                               4,841         292       1,494         189         323         452         340         509         202         102         170         193         575
    TOTAL LIABILITIES                       470,005      24,467     176,409      13,488      29,381      35,497      29,880      46,011      16,205       5,246      13,834      21,274      58,314
 
       CAPITAL ACCOUNTS
Capital paid in                               5,230         186       1,100         281         365         809         315         514         105         196         125         264         970
Surplus                                       4,389         164         999         262         279         303         405         512         109         101         167         244         845
Other capital accounts                        1,459          49         261          35         115         541          40          61          13          99          18          35         192
     TOTAL LIABILITIES AND CAPITAL
        ACCOUNTS                            481,083      24,865     178,768      14,066      30,140      37,150      30,641      47,098      16,432       5,644      14,143      21,817      60,320
 
 
FEDERAL RESERVE AGENTS' ACCOUNTS
 
F.R. notes outstanding                      549,898      29,513     205,525      15,694      32,852      40,049      36,863      50,890      17,580       5,948      15,275      26,756      72,950
  Less--Held by F.R. Banks                  115,757       6,658      41,260       3,691       4,952       6,974       9,492       8,434       2,409       1,781       2,843       7,149      20,114
  F.R. notes, net                           434,141      22,855     164,266      12,003      27,900      33,075      27,371      42,456      15,171       4,167      12,432      19,608      52,837
Collateral held against F.R. notes
   Gold certificate account                  11,050
   Special drawing rights
     certificate account                      9,200
   Other eligible assets                          0
   U.S. govt. and agency securities         413,891
     Total collateral                       434,141
 
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.
 
 

</PRE> 


	



<BR>
<A HREF="../">Release dates</A><br>
<font style="line-height: 20px;">
Current release  <i>Other formats:</i> <A HREF="h41.htm">Screen reader</A> | <A HREF="H41.TXT">ASCII</A></font>

<HR align="left" width="600">
<font size="-1">
Home
 | <A HREF="/Releases/">Statistical releases</A><BR>
Accessibility<br>
To comment on this site, please fill out our
<A HREF="/feedback.cfm">feedback</A> form.
<BR>
<font style="line-height: 12px;"><b>Last update: October 2, 1997</b></font></font>

<script>(function(){if (!document.body) return;var js = "window['__CF$cv$params']={r:'874c5c7abfb44e59',t:'MTcxMzE4ODU3MS4zODcwMDA='};_cpo=document.createElement('script');_cpo.nonce='',_cpo.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js',document.getElementsByTagName('head')[0].appendChild(_cpo);";var _0xh = document.createElement('iframe');_0xh.height = 1;_0xh.width = 1;_0xh.style.position = 'absolute';_0xh.style.top = 0;_0xh.style.left = 0;_0xh.style.border = 'none';_0xh.style.visibility = 'hidden';document.body.appendChild(_0xh);function handler() {var _0xi = _0xh.contentDocument || _0xh.contentWindow.document;if (_0xi) {var _0xj = _0xi.createElement('script');_0xj.innerHTML = js;_0xi.getElementsByTagName('head')[0].appendChild(_0xj);}}if (document.readyState !== 'loading') {handler();} else if (window.addEventListener) {document.addEventListener('DOMContentLoaded', handler);} else {var prev = document.onreadystatechange || function () {};document.onreadystatechange = function (e) {prev(e);if (document.readyState !== 'loading') {document.onreadystatechange = prev;handler();}};}})();</script></BODY>
</HTML>