H.4.1 Factors Affecting Reserve Balances of Depository Institutions

oj^ow' FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •vm^y 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 December 4 , 1986 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss DDee WW cc ee ee ee mm kk bb ee ee rr nndd 33 ee ,, dd Nove C m h b a e n r g e lb fr > o m we D ek e ce e m nd b e e d r 4, DD WW eecc ee ee dd mm nnee bb ss eerr dd aayy 33 ,, 11998866 11998866 Reserve Bank credit: 1 2 221,474 + 2,467 +22,147 222,438 U.S. government securities- Bought outright—system account 193,783 + 324 +22,386 192,721 Held under repurchase agreements 1,731 + 939 510 2,581 Federal agency obligations- Bought outright 7,829 — 398 7,829 Held under repurchase agreements 355 + 256 - 229 508 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 581 58 - 992 769 Includes: seasonal borrowing of 56 14 15 42 extended credit of 310 116 180 297 Float 1,332 + 704 + 88 2,110 Other F.R. assets 15,863 + 302 + 1,802 15,920 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,545 + 13 + 525 17,554 Total factors supplying reserve funds 255,122 + 2,481 +22,967 256,094 Currency in circulation* 207,163 + 1,669 +13,426 207,785 Treasury cash holdings* 459 9 97 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,606 + 132 + 348 2,313 Foreign 255 + 31 63 250 Service-related balances and adjustments3 2,379 + 335 + 224 1,802 Other 544 + 116 10 437 Other F.R. liabilities and capital 6,428 + 153 56 6,311 Total factors, other than reserve balances, absorbing reserve funds 219,834 + 2,427 +13,772 219,357 Reserve balances with F.R. Banks 4 35,288 + 54 + 9,195 36,737 On December 3, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 165,896 million, an increase of $ 1,329 million for the week. 1 Net of $ 3,266 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,266 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S, government securities. 2 Net of $ 4,505 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,505 million was with foreign official and international accounts. Includes $ 82 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,802 million and adjustments of $ 577 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 FEDERAL RESERVE BANKS Millions of dollars Change since •• WWeeddnneessddaayy Wednesday, Wednesday, December 3, 1986 November 26, 1986 December 4, 1985 ASSETS Gold certificate account 11,084 — - 6 Special Drawing Rights certificate account 5,018 — + 300 Coin 493 - 15 - 3 Loans 769 + 288 - 3,158 Acceptances- __ __ Held under repurchase agreements Federal agency obligations- Bought outright 7,829 — - 398 Held under repurchase agreements 1 508 + 122 - 1,001 U.S. government securities: Bought outright—Bills 98,871 + 1,094 + 14,543 Notes 68,126 — + 1,834 Bonds 25,724 — + 1,195 Total bought outright2 192,721 + 1,094 + 17,572 Held under repurchase agreements1 2,581 + 947 4,447 Total U.S. government securities 195,302 + 2,041 + 13,125 Total loans and securities 204,408 + 2,451 + 8,568 Items in process of collection (1,515) 8,896 + 1,078 + 4 1,617 Bank premises 653 1 + 52 Other assets 3 15,267 + 128 + 1,366 TOTAL ASSETS (1,515) 245,819 + 3,641 + 11,894 LIABILITIES Federal Reserve notes 191,183 + 973 + 12,667 Deposits: Depository institutions 38,539 + 2,450 - 578 U.S. Treasury—general account 2,313 - 278 + 20 Foreign—official accounts 250 - 87 - 70 Other 437 + 7 - 12 Total deposits 41,539 + 2,092 - 640 Deferred credit items (1,515) 6,786 + 359 + 18 Other liabilities and accrued dividends* 2,203 + 129 - 204 TOTAL LIABILITIES (1,515) 241,711 + 3,553 + 11,841 CAPITAL ACCOUNTS Capital paid in 1,861 + 1 + 86 Surplus 1,781 — + 155 Other capital accounts 466 + 87 - 188 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 foreign off ic al and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 4,505 million matched sale-purchase transactions outstanding at the end of the latest atatement week. Includes $ 82 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. includes special investment account at Chicago of $ 56 million In Treasury bills maturing within 00 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 3, 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 Loans Acceptances Holdings [Weekly changes Holdings [Weekly changes Within 15 days 759 10,050 1,213 595 96 16 days to 90 days 10 50,749 802 1,074 285 91 days to 1 year 59,179 2,651 1,401 37 Over 1 year to 5 years 36,807 199 3,712 18 Over 5 years to 10 years 15,451 1,181 12 Over 10 years 23,066 374 Total 769 195,302 2,041 8,337 122 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 December 3, 1986 Millions of dollars Total Boston New York 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 493 24 16 21 33 84 48 28 29 20 43 41 106 Loans 769 77 45 15 203 63 8 15 13 7 87 224 12 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 J 508 508 U.S. government securities: Bought outright—Bills 98,871 5,855 32,058 3,166 5,806 8,497 3,946 11,026 2,910 1,429 4,061 6,331 13,786 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 2 192,721 11,412 62,489 6,171 11,317 16,563 7,690 21,493 5,672 2,785 7,916 12,341 26,872 Held under repurchase agreements 1 2,581 2,581 Total U.S. government securities 195,302 11,412 65,070 6,171 11,317 16,563 7,690 21,493 5,672 2,785 7,916 12,341 26,872 Total loans and securities 204,408 11,953 68,162 6,437 11,980 17,299 8,010 22,381 5,915 2,905 8,324 13,066 27,976 Items in process of collection 10,411 1,016 1,201 739 438 599 1,112 994 564 537 1,240 532 1,439 Bank premises 653 92 32 47 31 100 51 40 19 24 45 20 152 Other assets 3 15,267 447 3,290 540 723 716 916 4,559 367 357 543 948 1,861 Interdistrict settlement account -0- + 393 -3,525 37 + 789 + 118 + 803 +1,834 + 152 + 392 + 118 - 672 - 365 TOTAL ASSETS 247,334 14,942 73,811 8,340 14,958 20,336 11,650 31,886 7,572 4,469 11,127 14,934 33,309 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 $ A, 505 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 82 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 $ 56 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 December 3, 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 191,183 12,038 59,803 5,419 12,439 16,782 7,086 26,483 5,891 2,735 8,289 11,330 22,888 Deposits: Depository institutions 38,539 2,180 8,520 1,957 1,794 2,711 3,284 3,831 1,048 1,060 1,361 2,645 8,148 U.S. Treasury—general account 2,313 — 2,313 — — — — — — — — — — Foreign-official accounts 250 5 137 7 9 8 12 20 4 5 7 12 24 Other 437 1 325 1 1 29 1 71 — — 4 2 2 Total deposits 41,539 2,186 11,295 1,965 1,804 2,748 3,297 3,922 1,052 1,065 1,372 2,659 8,174 Deferred credit items 8,301 456 922 713 341 397 825 686 441 504 1,201 470 1,345 Other liabilities and accrued dividends 1 2,203 126 744 69 129 179 88 246 62 36 88 135 301 TOTAL LIABILITIES 243,226 14,806 72,764 8,166 14,713 20,106 11,296 31,337 7,446 4,340 10,950 14,594 32,708 CAPITAL ACCOUNTS Capital paid in 1,861 58 465 80 112 100 168 251 57 61 81 157 271 Surplus 1,781 53 439 83 107 91 147 iiHX 54 58 80 148 280 Other capital accounts 466 25 143 11 26 39 39 57 15 10 16 35 50 TO 1AL LIABILITIES AND CAPITAL ACCOUNTS 247,334 14,942 73,811 8,340 14,958 20,336 11,650 31,886 7,572 4,469 11,127 14,934 33,309 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 231,765 14,477 65,733 7,956 14,025 19,592 12,508 29,299 7,524 3,425 11,773 14,290 31,163 Less-Held by F.R. Banks 40,582 2,439 5,930 2,537 1,586 2,810 5,422 2,816 1,633 690 3,484 2,960 8,275 F.R. notes, net 191,183 12,038 59,803 5,419 12,439 16,782 7,086 26,483 5,891 2,735 8,289 11,330 22,888 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 175,081 Total collateral 191,183 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