H.4.1 Factors Affecting Reserve Balances of Depository Institutions

m&-. FEDERAL RESERVE statistical release 4 l November 20, 1986 H# # NOTICE Because of the Thanksgiving holiday on Thursday, November 27, the H.4.1 statistical release "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks" will not be published on that day. It will be published instead on Friday, November 28. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

£8£sS&. FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when °f^m&:< 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 20, 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 ** ttffoovveemmjjjjggjj;; 1199,, NNoovvjjmmggggrr ±±99,, Novemjjgg 12, NOVI?8' 5 ~"' Reserve Bank credit: 12 220,717 + 1,818 +24,249 226,011 U.S. government securities- Bought outright—system account 192,005 - 163 +21,783 191,850 Held under repurchase agreements 1,621 + 1,621 + 601 4,519 Federal agency obligations- Bought outright 7,829 71 - 398 7,829 Held under repurchase agreements 132 + 132 - 197 258 Acceptances- Bought outright — — — Held under repurchase agreements — — — — Loans to depository institutions 1,103 + 585 - 462 3,980 Includes: seasonal borrowing of 69 + 2 27 66 extended credit of 459 + 45 51 490 Float 1,480 + 252 14 1,841 Other F.R. assets 16,548 - 537 + 2,938 15,734 Gold stock 11,084 _- 6 11,084 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,518 + 14 + 521 17,530 Total factors supplying reserve funds 254,337 + 1,832 +25,064 254,643 Currency In circulation** 205,566 + 879 +14,013 205,410 Treasury cash holdings** 476 7 78 476 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,696 34 + 688 2,850 Foreign 204 35 27 174 Service-related balances and adjustments a 1,980 + 10 + 262 1,727 Other 510 35 - 157 486 Other F.R. liabilities and capital 6,322 79 + 55 6,223 Total factors, other than reserve balances, absorbing reserve funds 218,755 + 699 +14,757 217,346 Reserve balances with F.R. Banks * 35,584 + 1,135 +10,310 42,298 On November 19, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 164,518 million, a decrease of $136 million for the week. 1 Net of $ 4,556 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,556 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,798 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,798 million was with foreign official and international accounts, includes $ 245 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,727 million and adjustments of $ 253 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 FEDERAL RESERVE RANKS Millions of dollars Change since ** WWeeddnneessddaayy **** Wednesday, Wednesday, November 19, 1986 November 12, 1986 November 20, 1985 ASSETS Gold certificate account 11,084 — - 6 Special Drawing Rights certificate account 5,018 — + 300 Coin 510 + 4 - 18 Loans 3,980 + 3,408 - 702 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 7,829 — - 398 Held under repurchase agreements 1 258 + 258 + 258 U.S. government securities: Bought outright—Bills 98,000 - 2,468 + 24,612 Notes 68,126 + 1,529 + 2,319 Bonds 25,724 - 52 + 1,325 Total bought outright^ 191,850 - 991 + 28,256 Held under repurchase agreements1 4,519 + 4,519 + 4,519 Total U.S. government securities 196,369 + 3,528 + 32,775 Total loans and securities 208,436 + 7,194 + 31,933 Items in process of collection (1,262) 9,381 + 2,254 + 1,257 Bank premises 651 + 3 + 52 Other assets 3 15,083 - 1,452 + 1,902 TOTAL ASSETS 1(1,262) 250,163 + 8,003 + 35,420 LIABILITIES Federal Reserve notes 188,865 - 1 + 13,348 Deposits: Depository institutions 44,025 + 20,836 U.S. Treasury—general account 2,850 + 198 Foreign—official accounts 174 - - 62 Other (102) 486 - 38 - 48 Total deposits (102) 47,535 + 5,916 + 20,924 Deferred credit items (1,160) 7,540 + 2,255 + 943 Other liabilities and accrued dividends4 22,,111100 113355 - 58 TOTAL LIABILITIES ((11,,226622)) 224466,,005500 ++ 77,,990077 + 35,157 CAPITAL ACCOUNTS Capital paid in 1,859 - 1 + £7 Surplus 1,781 — + 155 Other capital accounts 473 + 97 + 21 * 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 oflicial and international accounts of which $ ~°~ million was outstanding at the end of the latest atatement week. 2 Net of $ 4,798 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $245 million securities loaned—fully secured by U.S. government securities. 3 includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $ 67 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. ** Estimated (New York District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 19, 1986 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days In accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings |Weekly changes Within 15 days I 3,963 — 14,696 + 7,129 506 + 476 16 days to 90 days 17 — 47,200 - 2,835 876 - 218 91 days to 1 year — — 58,950 - 1,646 1,330 Over 1 year to 5 years — — 37,006 + 747 3,808 Over 5 years to 10 years — — 15,451 124 1,193 Over 10 years — — 23,066 + 257 374 — Total 3,980 196,369 + 3,528 8,087 + 258 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 19, 1986 Millions of dollars Total Boston New York* Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco 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 510 25 16 23 36 87 50 32 30 21 44 43 103 Loans 3,980 520 766 263 304 183 510 22 78 14 337 212 771 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 1 258 ~ 258 — — — — — — — — — — U.S. government securities: Bought outright-Bills 98,000 5,803 31,776 3,138 5,755 8,423 3,911 10,929 2,884 1,416 4,025 6,275 13,665 Notes 68,126 4,034 22,090 2,181 4,001 5,855 2,718 7,598 2,005 984 2,798 4,363 9,499 Bonds 25,724 1,523 8,341 824 1,510 2,211 1,026 2,869 757 372 1,057 1,647 3,587 Total bought outright 2 191,850 11,360 62,207 6,143 11,266 16,489 7,655 21,396 5,646 2,772 7,880 12,285 26,751 Held under repurchase agreements ' 4,519 — 4,519 — — — — — — — — — — Total U.S. government securities 196,369 11,360 66,726 6,143 11,266 16,489 7,655 21,396 5,646 2,772 7,880 12,285 26,751 Total loans and securities 208,436 12,344 70,289 6,657 12,030 17,345 8,477 22,291 5,954 2,899 8,538 12,998 28,614 Items in process of collection 10,643 732 377 728 652 888 1,117 1,107 569 501 1.448 641 1,883 Bank premises 651 93 31 47 31 100 51 38 19 24 45 2CT 152 Other assets 3 15,083 431 3,289 545 704 691 904 4,535 361 350 531 930 1,812 Interdistrict settlement account -0- + 554 + 176 - 559 + 928 - 641 + 399 +1,940 + 222 + 134 - 281 - 607 -2,265 TOTAL ASSETS 251,425 15,196 78,813 8,034 15,345 19,890 11,708 31,993 7,681 4,163 11,139 15,024 32,439 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 Net of $ 4,798 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 2*5 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 $ 67 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 19, 1986 Millions of dollars Kansas San Total Boston New Yorl? Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 188,865 12,095 58,899 5,478 12,354 16,144 6,711 26,125 5,739 2,660 8,204 11,331 23,125 Deposits: Depository institutions 44,025 2,396 13,177 1,946 2,197 2,858 3,798 4,286 1,359 822 1,322 2,746 7,118 U.S. Treasury-general account 2,850 — 2,850 — — — — — — — — — — Foreign-official accounts 174 5 61 7 9 8 12 20 4 5 7 12 24 Other 588 1 362 1 1 21 2 87 — — 107 4 2 Total deposits 47,637 2,402 16,450 1,954 2,207 2,887 3,812 4,393 1,363 827 1,436 2,762 7,144 Deferred credit items 8,700 446 1,637 365 421 461 753 699 396 517 1,244 468 1,293 Other liabilities and accrued dividends1 2,110 121 711 67 124 172 85 237 61 34 83 130 285 TOTAL LIABILITIES 247,312 15,064 77,697 7,864 15,106 19,664 11,361 31,454 7,559 4,038 10,967 14,691 31,847 CAPITAL ACCOUNTS Capital paid in 1,859 58 464 80 112 100 168 251 57 61 81 157 270 jrplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 ,?her capital accounts 473 21 213 7 20 35 32 47 11 6 11 28 42 S OTAL LIABILITIES AND CAPITAL ACCOUNTS 251,425 15,196 78,813 8,034 15,345 19,890 11,708 31,993 7,681 4,163 11,139 15,024 32,439 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 229,916 14,618 64,800 7,998 13,902 18,906 12,307 29,278 7,474 3,383 11,803 14,338 31,109 Less-Held by F.R. Banks 41,051 2,523 5,901 2,520 1,548 2,762 5,596 3,153 1,735 723 3,599 3,007 7,984 F.R. notes, net 188,865 12,095 58,899 5,478 12,354 16,144 6,711 26,125 5,739 2,660 8,204 11,331 23,125 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 172,763 Total collateral 188,865 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. •Estimated (New York District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis