H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•vsS=§&?: FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ?fS?sPF-' 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 11, 1986 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Change from week ended De^lfe d?& 11998866 Dcce^gr 3. - uecmf•S S5^—r t 1986 Reserve Bank credit: 1>2 223.510 + 2,072 +22,056 224,602 U.S. government securities- Bought outright—system account 198,033 + 4,250 +21,459 197,871 Held under repurchase agreements 602 - 1,129 -I- 391 —— Federal agency obligations- Bought outright 7,829 — -• 398 7,829 Held under repurchase agreements 41 - 314 42 — Acceptances- Bought outright — ~ **— •— Held under repurchase agreements •— — — —*• Loans to depository institutions 383 - 198 - 298 402 Includes: seasonal borrowing of 33 23 18 34 extended credit of 306 4 - 212 321 Float 879 - 411 - 657 2,421 Other F.R. assets 15.742 - 127 + 1,599 16,079 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 5,018 ~- + 300 5,018 Treasury currency outstanding 17,554 + 10 + 526 17,563 Total factors supplying reserve funds 257,167 + 2,082 +22,877 258,267 Currency in circulation* 207,921 + 759 +13,332 208,209 Treasury cash holdings* 459 — 97 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,794 + 188 + 229 3,875 Foreign 205 50 40 247 Service-related balances and adjustments a 2,194 - 185 + 384 1,803 Other 425 - 119 13 466 Other F.R. liabilities and capital 6.337 91 - 189 6,263 Total factors, other than reserve balances, absorbing reserve funds 220,334 + 501 +13,605 221,322 Reserve balances with F.R. Banks4 36,832 + 1,580 + 9,270 36,945 On December 10, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 165,465 million, a de crease of $ 431 miHion for the week. 1 Net of $ 3,207 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,207 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,477 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,477 million was with foreign official and international accounts. Includes $ 303 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,803 million and adjustments of $ 391 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 RANKS Millions of dollars Change since ** WWeeddnneessddaayy "Wednesday, Wednesday, December 10, 1986 December 3, 1986 December 11, 1985 ASSETS Gold certificate account 11,084 — - 6 Special Drawing Rights certificate account 5,018 — + 300 Coin 502 + 9 + 9 Loans 402 - 367 - 317 Acceptances- — — — Held under repurchase agreements Federal agency obligations— Bought outright 7,829 — - 398 Held under repurchase agreements 1 — - 508 - 579 U.S. government securities: - Bought outright—Bills 104,021 + 5,150 + 18,960 Notes 68,126 — + 479 Bonds 2255,,772244 '— ++ 998 Total bought outright? 119977,,887711 + 5,150 ++ 20,437 Held under repurchase agreements1 — 22,,558811 1,473 Total U.S. government securities 197,871 ++ 22,,556699 ++""~~ 18,964 Total loans and securities 206,102 + 1,694 + 17,670 Items in process of collection (1,379) 8,378 - 518 _ 67 Bank premises 656 + .,....,3..... + 54 Other assets 3 15,423 + 156 + 1,511 TOTAL ASSETS (1,379) 247,163 + 1,344 5 + 19,471 LIABILITIES - Federal Reserve notes 191,607 + 424 + 12,797 Deposits: Depository institutions 38,748 + 209 + 4,685 U.S. Treasury—general account 3,875 + 1,562 + 2,246 Foreign—official accounts 247 - 3 - 13 Other 466 + 29 - 6 Total deposits 43,336 + 1,797 + 6,912 Deferred credit items (1,379) 5,957 _ 829 - 311 Other liabilities and accrued dividends* 2,230 + 27 «' 101 TOTAL LIABILITIES (1,379) 243,130 + 1,419 + 19,297 CAPITAL ACCOUNTS Capital paid In 1,859 - 2 + 83 Surplus 1,781 — + 155 Other capital accounts 393 73 - 64 -• Figures In parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched aale-purehaae tranaactiona to foreign official and international accounts of which* -0- million was outstanding at the end of the latest statement week. Net of $ 3,477 million matched sale-purchase tranaactiona outstanding at the end of the latest statement week. Includes $303 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includea special investment account at Chicago of $ 68 million In Treasury bills maturing within 90 daye. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 10, 1986 Acceptances and securities held under repurchaae agreemente are elaaaified aa maturing within 15 days In accordance with maximum maturity of the agreements. U.8. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings |Weekly changes Within 15 days 390 — 4,716 - 5,334 — - 593 16 days to 90 days 12 — 55,787 + 5,038 1,152 + 78 91 days to 1 year I — — 62,044 + 2,865 1,323 - 78 Over 1 year to 5 years — — 36,807 3,792 + 80 Over 5 years to 10 years — — 15,451 1,188 + 7 Over 10 years — — 23,066 — 374 -.. Total 402 — 197,871 + 2,569 7,829 - 508 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 10. 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 502 26 17 22 33 82 50 28 29 20 44 41 110 Loans 402 2 4 8 11 25 23 6 7 75 238 3 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 104,021 6,160 33,728 3,331 6,108 8,940 4,151 11,600 3.062 1,503 4,273 6,661 14,504 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 2 197,871 11,717 64,159 6,336 11,619 17,006 7,895 22,067 5,824 2,859 8,128 12,671 27,590 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 — — — — — — — — — — — — — TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 197,871 11,717 64,159 6,336 11,619 17,006 7,895 22,067 5,824 2,859 8,128 12.671 27.590 Total loans and securities 206,102 12,183 66,702 6,595 12,079 17,690 8,232 22,963 6,060 2,979 8,524 13,410 28,685 Items In process of collection 9,757 990 1,408 816 358 591 975 885 517 420 1,161 455 1,181 Bank premises 656 93 32 47 31 100 51 41 19 24 46 20 152 Other assets 3 15,423 465 3,215 533 739 730 914 4,613 376 363 561 965 1,949 Interdistrict settlement account -0- + 318 + 719 - 616 + 303 + 104 +1,640 + 390 + 175 + 37 - 247 -1,421 -1,402 TOTAL ASSETS 248,542 15,092 76,728 7,990 14,507 20,717 12,572 30,970 7,702. 4,077 10,903 14,469 32,815 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 $ 3,477 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $303 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 $68 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 10. 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louts Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 191,607 12,008 60,321 5,370 12,398 16,887 7,071 26,597 5,828 2,750 8,333 11,131 22,913 Deposits: Depository institutions 38,748 2,430 9,496 1,777 1.439 2.985 4,322 2,852 1,254 789 1,220 2,442 7,742 U.S. Treasury—general account 3,875 3,875 Foreign-official accounts 247 5 134 7 9 8 12 20 4 5 7 12 24 Other 466 338 1 1 26 2 86 1 7 2 2 Total deposits 43,336 2,435 13,843 1,785 1,449 3.019 4,336 2,958 1,259 794 1,234 2,456 7,768 Deferred credit items 7,336 385 817 596 285 399 724 619 426 371 1,072 407 1,235 Other liabilities and accrued dividends 1 2,230 131 718 73 134 185 93 257 65 36 91 141 306 TOTAL LIABILITIES 244,509 14.959 75,699 7.824 14.266 20,490 12,224 30.431 7,578 3.951 10,730 14,135 32,222 CAPITAL ACCOUNTS Capital paid in 1,859 58 464 80 111 101 168 251 57 61 81 157 270 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 1 /. O 28G Other capita! accounts 393 22 126 3 23 35 33 47 13 7 12 29 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 248,542 15,092 76.728 7.990 14.507 ^ 20,717 12,572 30,970 7,702 4.077 10,903 14,469 32,815 FEDERAL RESERVE AGENTS' • ACCOUNTS F.R. notes outstanding 232,953 14.467 65.986 7,999 14.064 19,963 12,487 29,425 7,566 3.416 11,795 14,242 31,543 Less-Held by F.R. Banks 41,346 2,459 5,665 2,629 1.666 3,076 5,416 2,828 1.738 666 3,462 3,111 8,630 F.R. notes, net 191,607 1122,,000088 6600,,332211 55,,337700 1122..339988 1166,,888877 77,,007711 2266,,559977 55,,882288 22,,775500 88,,333333 1111,,113311 22,913 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 175,505 Total collateral 191,607 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