H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•&&£&* 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 13, 1986 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddeedd ** Change from week ended WWeeddnneessddaayy ** NNoovveemmbbeerr 1122,, November 5, *' 198' 5 a~A NNoovveemmbbeerr TTZZ,, Reserve Bank credit: 1 2 218,907 - + 19 2 8 , 6 7 01 +20.729 220,321 U.S. government securities- Bought outright—system account 192,168 + 2,398 +19,988 192,841 Held under repurchase agreements — — 227 — Federal agency obligations- Bought outright 7,900 54 - 327 7,829 Held under repurchase agreements — — - 249 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 518 - 564 - 273 572 Includes: seasonal borrowing of 67 14 44 65 extended credit of 414 5 - 119 470 Float 1,222 + 650 249 1,799 Other F.R. assets 17,098 + 271 + 2,065 17,280 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,504 + 14 + 519 17,516 Total factors supplying reserve funds 252,513 + 2,715 +21,542 253,939 Currency in circulation** 204,678 + 1,884 +13,289 205,466 Treasury cash holdings** 484 ~ 70 484 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,730 + 811 + 666 3,327 Foreign 239 16 + 10 234 Service-related balances and adjustments3 1,965 77 + 251 1,721 Other 547 96 + 74 534 Other F.R. liabilities and capital 6,415 + 52 + 72 6,360 Total factors, other than reserve balances, absorbing reserve funds 218,059 + 2,559 +14,293 218,126 Reserve balances with F.R. Banks4 34,454 + 156 + 7,247 35,813 On November 12, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 164,654 million, an increase of $480 million for the week. 1 Net of $2,528 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,528 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,178 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,178 million was with foreign official and international accounts. Includes $ 87 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,721 million and adjustments of $ 244 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (New York District). * * Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDEAAL RESERVE 1ANKS Millions of dollars **** Change since •• WWeeddnneessddaayy Wednesday" """"""" Wednesday, November 12, 1986 November 5, 1986 November 13, 1985 ASSETS Gold certificate account 11,084 — - 6 Special Drawing Rights certificate account 5,018 — + 300 Coin 506 - 19 - 63 Loans 572 - 2,930 - 186 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 7,829 - 125 - 398 Held under repurchase agreements1 — — — U.S. government securities: Bought outright—Bills 100,468 + 2,417 + 19,007 Notes 66,597 — + 175 Bonds 2255,,777766 — ++ 1,377 Total bought outright? 119922,,884411 + 2,417 20,559 Held under repurchase agreements1 — — — Total U.S. government securities 192,841 + 2,417 + 20,559 Total loans and securities 201,242 — 638 + 19,975 items in process of collection (1,075) 7,154 + 342 .. 6,873 Bank premises 648 «» 1 + 51 Other assets 3 16,632 + 622 + 1,932 TOTAL ASSETS (1,075) 242,284 + 306 + 15,316 LIABILITIES Federal Reserve notes 188,940 + 2,138 +• 12,790 Deposits: Depository institutions 37,534 - 457 + 6,204 U.S. Treasury—general account 3,327 - 419 + 17 Foreign—official accounts 234 - 38 + 5 Other 534 + 8 + 55 Total deposits 41,629 - 906 + 6,281 Deferred credit Items (1,075) 5,355 - 1,053 - 4,019 Other liabilities and accrued dividends* 2,291 + 33 + 51 TOTAL LIABILITIES (1,075) 238,215 + 212 + 15,103 CAPITAL ACCOUNTS Capital paid in 1,860 + 2 + 92 Surplus 1,781 — + 155 Other capital accounts 428 + 92 - 34 * Figures in parentheses are the eliminations made in the consolidating 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 $1,844 million was outstanding at the end of the latest statement week. 2 Net of $ 2,178 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 87 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of S 70 million in Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. k* Estimated (New York District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 12, 1986 Acceptances and securities held under repurchase agreements are claaaiflad aa maturing within 18 days In accordance with maximur: maturity of the agreements. U.8. government securities Federal agency obligations Loans Acceptances Holdings [Weekly changes! Holdings Weekly changes Within 15 days 539 7,567 - 3,804 30 95 16 days to 90 days 33 50,035 + 4,756 1,094 30 91 dsys to 1 year 60,596 + 1,465 1,330 60 Over 1 year to 5 years 36,259 3,808 Over 5 years to 10 years 15,575 1,193 Over 10 years 22,809 374 Total 572 192,841 + 2,417 7,829 125 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 12, 1986 Millions of dollars Total Boston New York y Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co ASSETS Gold certificate account 11,084 703 3,146 431 650 959 507 1,394 366 168 598 692 1,470 Special Drawing Rights certif. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 506 24 17 24 35 88 53 31 27 20 45 44 98 Loans 572 11 — 10 — 10 6 11 9 15 278 217 5 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 7,829 464 2,539 251 460 673 312 873 230 113 321 501 1,092 Held under repurchase agreements 1 — — — — — — — — — — ~ — — U.S. government securities: Bought outright-Bills 100,468 5,950 32,576 3,217 5,900 8,635 4,009 11,204 2,957 1,452 4,126 6.433 14,009 Notes 66,597 3,943 21,594 2.132 3.911 5,724 2,657 7,427 1,960 962 2,736 4,265 9,286 Bonds 25,776 1,526 8,358 825 1,514 2,215 1,028 2,875 759 372 1,059 1,651 3,594 Total bought outright 2 192,841 11,419 62,528 6,174 11,325 16,574 7,694 21,506 5,676 2,786 7.921 12.349 26,889 Held under repurchase agreements ? — — — — — — — — — — — — — Total U.S. government securities 192,841 11.419 62,528 6,174 11,325 16,574 7,694 21,506 5,676 2,786 7,921 12.349 26,889 Total loans and securities 201,242 11,894 65,067 6.435 11,785 17,257 8,012 22,390 5.915 2,914 8,520 13.067 27,986 items in process of collection 8,229 313 1,051 507 331 449 550 1,161 569 388 1,336 618 956 Bank premises 648 92 31 47 31 100 51 38 19 24 45 19 151 Other assets 3 16,632 530 3,675 575 801 830 951 4,726 407 377 601 1.115 2,044 interd istrict settlement account -0- + 814 + 624 - 327 + 41 - 501 +1,399 + 209 - 273 46 - 363 - 991 - 586 TOTAL ASSETS 243,359 14,684 75.100 7,854 13,988 19,643 11,726 30.605 7,190 3,911 10.998 14,871 32,789 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 $ 1,844 million was outstanding at the end of the latest statement week. 2 Net of $2,178 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 87 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 70 million in Treasury Bills maturing within 90 days. * Estimated (New York District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 12. 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 188.940 12.078 58.553 5,572 12.197 16.236 6.959 26,198 5.511 2,678 8.315 11.475 23,168 Deposits: Depository institutions 37,534 2,090 10.046 1.831 1.186 2.541 3.693 3,942 953 652 1.207 2»458 7.935 U.S. Treasury-general account 3,327 3,327 Foreign—official accounts 234 5 121 7 9 8 12 20 4 5 7 12 24 Other 534 1 382 1 20 3 120 4 2 1 Total deposits 41.629 2.096 13,876 1,838 1.196 2,569 3.708 3,082 957 657 1.218 2.472 7,960 Deferred credit items 6,430 253 759 206 226 435 622 542 534 417 1,207 456 773 Other liabilities and accrued dividends1 2,291 124 840 69 128 178 90 245 64 34 86 135 298 TOTAL LIABILITIES 239,290 14.551 74.028 7.685 13.747 19.418 11.379 30,067 7.066 3.786 10.826 14.538 32,199 CAPITAL ACCOUNTS Capital paid in 1,860 58 464 80 112 100 168 251 57 61 81 157 271 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 428 22 169 6 22 34 32 46 13 6 11 28 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 243,359 14.684 75,100 7.854 13,988 19,643 11.726 30,605 7.190 3.911 10,998 14.871 32,789 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 228,750 14.588 64,580 7.952 13.614 18.840 12.364 29,317 7,132 3.401 11.815 14.350 30.797 Less-Held by F R. Banks 39,810 2.510 6,027 2,380 1,417 2.604 5.405 3,119 1,621 723 3.500 2,875 7.629 F.R. notes, net 188,940 1122..007788 5588..555533 55..557722 1122,,119977 1166,,223366 66..995599 2266,,119988 55,,551111 22..667788 88..331155 1111,,447755 23.168 Collateral held against F.R. notes: Gold certificate account 11,084 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 172,838 Total collateral 188,940 * Estimated (New York District). 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis