H.4.1 Factors Affecting Reserve Balances of Depository Institutions

!s®3^§fc FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when '••fOT^? 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 28, 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 Wednesday NNoovveemmbbeerr 2266,, November ly, NNoovveemmbbeerr 22//,, NNoovveemmbbeerr 2266,, i£S6~— 1336 II TTQQ««55 11 11998866 Reserve Bank credit: 1 2 219,007 - 1,653 U20,153 ! 219,141 U.S. government securities- Bought outright—system account 193,459 + 1,454 !+ 22,075 191,627 Held under repurchase agreements 792 - 829 !+ 792 1,634 Federal agency obligations- Bought outright 7,829 — 398 7,829 Held under repurchase agreements 99 - 33 + 99 386 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 639 - 464 3,643 481 Includes: seasonal borrowing of 70 + 1 26 67 extended credit of 426. - 33 89 348 Float 628 - 788 659 1,391 Other F.R. assets 15,561 - 994 + 1,887 15,793 Gold stock 11,084. — 6 11,084 Special Drawing Rights certificate account 5.018. — + 300 5,018 Treasury currency outstanding 17,532 + 14 + 523 17,544 Total factors supplying reserve funds 252,641 - 1,639 + 20,970 252,787 Currency in circulation* 205,487 - 79 + 13,744 206,771 Treasury cash holdings* 476 — 78 476 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,474 - 1,222 113 2,591 Foreign 224 + 20 22 337 Service-related balances and adjustments 3 2,038 + 58 + 309 1,796 Other 428 - 82 90 430 Other F.R. liabilities and capital 6,275 - 47 _2 115 6,094 Total factors, other than reserve balances, absorbing reserve funds 217,402 - 1,353 + 13,635 218,495 Reserve balances with F.R. Banks« 35,240 - 287 + 7,337 34,293 On November 26, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 164,567 million, an increase of $ 49 million for the week. 1 Net of $ 3,227 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,227 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $5,137 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,137 million was with foreign official and international accounts. Includes $ 203 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,795 million and adjustments of $ 242 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * 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 FEDEftAL RESERVE tANKS Millions of dollars Change since * WWeeddnneessddaayy "Wednesday, Wednesday, November 26, 1986 November 19, 1986 November 27, 1985 ASSETS _ . Gold certificate account 11,084 — 6 Special Drawing Rights certificate account 5,018 — + 300 Coin 508 2 — Loans 481 3,499 443 Acceptances- Held under repurchase agreements Federal agency obligations- 7,829 — - 398 Bought outright 386 + 128 + 386 Held under repurchase agreements 1 U.S. government securities: 97,777 - 223 + 20,394 Bought outright—Bills 68,126 — + 2,019 Notes 2255,,772244 — ++ 1,325 Bonds 119911,,662277 - 223 ++ 22,738 Total bought outright2 1,634 - 2,885 + 1,634 Held under repurchase agreements1 193,261 - 3,108 + 25,372 Total U.S. government securities 201,957 - 6,479 + 24,917 Total loans and securities (1,330) 7,818 - 1,563 - 884 Items in process of collection 654 + 3 + 54 Bank premises 15,139 + 56 + 1,926 Other assets 3 (1,330) 242,178 - 7,985 + 26,307 TOTAL ASSETS LIABILITIES Federal Reserve notes 190,210 1,345 13,034 Deposits: Depository institutions 36,089 - 7,936 + 13,273 U.S. Treasury—general account 2,591 - 259 + 260 Foreign—official accounts 337 + 163 + 87 Other 430 - 56 - 10 Total deposits 39,447 - 8,088 + 13.610 Deferred credit items (1,3 30) 6,427 - 1,113 - 427 Other liabilities and accrued dividends4 2,074 - 36 - 67 TOTAL LIABILITIES (1,330) 238,158 - 7,892 + 26:150 CAPITAL ACCOUNTS Capital paid in 1,860 + 1 + 87 Surplus 1,781 — + 155 Other capital accounts 379 - 94 - 85 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to forelgr official and international accounts of which S -0- million was outstanding at the end of the latest statement week. Net of $ 5» 137 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 203 million securities loaned-fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 54 million in Treasury bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 26, 1986 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with m ixlmum maturity of the agreements. U.8. government securities Federal agency obligatione LLooaannss AAcccceeppttaanncceess Holdings [Weekly changes Holdings (Weekly changes Within 15 days 471 — 11,263 - 3,433 691 + 185 16 days to 90 days 10 — 49,947 + 2,747 789 87 91 days to 1 year — — 56,528 - 2,422 1,438 -1- 108 Over 1 year to 5 years — — 37,006 — 3,730 78 Over 5 years to 10 years — — 15,451 — 1,193 — Over 10 years ""~~""~~ 2233,,006666 — 337744 — Total ""448811 119933,,226611 - 3,108 88,,221155 + L28 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 26, 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certif cate 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 508 27 16 22 36 84 50 30 28 20 44 42 109 Loans 481 5 1 38 — 5 24 14 13 14 138 224 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 1 386 — 386 — — — — — — — — — — U.S. government securities: Bought outright-Bills 97,777 5,790 31,703 3,131 5,742 8,403 3,902 10,904 2,878 1,413 4,016 6,261 13,634 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 2 191,627 11,347 62,134 6,136 11,253 16,469 7,646 21,371 5,640 2,769 7,871 12,271 26,720 Held under repurchase agreements 1 1,634 — 1,634 — — — — — — — — — — Total U.S. government securities 193,261 11,347 63,768 6,136 11,253 16,469 7,646 21,371 5,640 2,769 7,871 12,271 26,720 Total loans and securities 201,957 11,816 66,694 6,425 11,713 17,147 7,982 22,258 5,883 2,896 8,330 12,996 27,817 Items in process of collection 9,148 546 796 378 432 584 1,223 782 622 390 1,299 556 1,540 Bank premises 654 93 33 47 31 99 51 40 19 24 45 20 152 Other assets 3 15,139 440 3,237 526 711 736 892 4,559 365 352 535 936 1,850 Interdistrict settlement account -0- + 704 -1- 245 - 196 + 462 - 54 + 404 + 790 - 123 + 86 - 67 - 975 -1,276 TOTAL ASSETS 243,508 14,643 75,656 7,795 14,349 20,016 11,312 30,509 7,320 4,002 11,000 14,574 32,332 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 $ _o- million was outstanding at the end of the latest statement week. 2 Net of $ 5,137 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 203 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 $ 54 million in Treasury Bills maturing within 90 days. 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 26, 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 190,210 12,131 59.298 5,471 12,362 16,809 6,653 26,296 5,797 2,696 8,274 11,333 23,090 Deposits: Depository institutions 36,089 1,856 10,628 1,676 1,228 2,378 3,361 2,738 899 747 1,210 2,308 7,060 U.S. Treasury—general account 2,591 — 2,591 — — — — — — — — — — Foreign-official accounts 337 5 224 7 9 8 12 20 4 5 7 12 24 Other 1 430 1 331 1 1 17 2 69 — 1 4 2 1 Total deposits | 39,447 1,862 13,774 1,684 1,238 2,403 3,375 2,827 903 753 1,221 2,322 7,085 Deferred credit items 7,757 397 886 408 383 407 851 610 436 394 1.253 457 1,275 Other liabilities and accrued dividends 1 2,074 119 678 67 122 172 86 238 61 34 82 129 286 TOTAL LIABILITIES 239,488 14,509 74,636 7,630 14,105 19,791 10,965 29,971 7,197 3,877 10,830 14,241 31,736 CAPITAL ACCOUNTS Capital paid in 1,860 58 464 80 112 100 168 251 57 61 81 157 271 Surplus 1,781 53 439 82 107 92 147 241 54 58 80 148 280 Other capital accounts 379 23 117 3 25 33 32 46 12 6 9 28 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 243,508 14,643 75,656 7,795 14,349 20,016 11,312 30,509 7,320 4:002 11.000 14.574 32.332 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 231,208 14,585 65,480 8,041 13,972 19,553 12,145 29.222 7,488 3,362 11,811 14,300 31,249 Less-Held by F.R. Banks 40,998 2,454 6,182 2,570 1,610 2,744 5,492 2,926 1,691 666 3,537 2,967 8,159. F. R. notes, net 190,210 12,131 59,298 5,471 12,362 16,809 6,653 26,296 5,797 2,696 8,274 11,333 23,090 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 174,108 Total collateral 190,210 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