H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release For release at 4:30 PM EDT December 18, 1986 H.4.1 NOTICE Because of the Christmas holiday on Thursday, December 25, 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release "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks" will not be published on that day.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, December 26. Although December 26 is a Federal holiday, the H.4.1 statistical release will be published at approximately 4:30 p.m. EST. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

;oL£P^ FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ••f^^r 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 18, 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 eenn rr ddee 11 dd 77 ,, Change from week ended Wednesday December iu, December IB, December 17, 1986 1986 1935 1986 Reserve Bank credit: 12 224,447 + 937 + 21,326 230,336 U.S. government securities- Bought outright—system account 197,512 - 521 + 19,638 197,418 Held under repurchase agreements 1,156 + 554 + 827 3,213 Federal agency obligations- Bought outright 7,829 — - 398 7,829 Held under repurchase agreements 127 + 86 + 29 405 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 644 + 261 - 357 1,965 Includes: seasonal borrowing of 34 + 1 - 21 32 extended credit of 314 + 8 - 216 292 Float 1,065 + 186 - 72 2,974 Other F.R. assets 16,113 + 371 + 1,659 16,532 Gold stock 11,084 - 6 11,084 Special Drawing Rights certificate account 5,018 + 300 5,018 Treasury currency outstanding 17,564 -l- 10 + 528 17,573 Total factors supplying reserve funds 258,113 + 946 + 22,147 264,011 Currency in circulation* 208,369 + 448 + 13,622 208,774 Treasury cash holdings* 459 — - 101 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,524 + 730 - 252 4,536 Foreign 266 + 61 + 12 345 Service-related balances and adjustments3 2,421 + 226 + 137 1,805 Other 539 + 114 + 9 471 Other F.R. liabilities and capital 6,406 -l- 69 + 75 6,257 Total factors, other than reserve balances, absorbing reserve funds 221,984 + 1,649 + 13,502 222,647 Reserve balances with F.R. Banks4 36,129 - 702 + 8,645 41,364 On December 17, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and International accounts were $ 164,764 million, a decrease of $ 701 million for the week. 1 Net of $ 3,916 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,916 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,045 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,045 million was with foreign official and International accounts. Includes $ 539 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,805 million and adjustments of $ 616 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 iESEftVE BANKS Millions of dollars Change since Wednesday [Wednesday, Wednesday, December 17, 1986 becember 10, 1986 December 18, 1985 ASSETS Gold certificate account 11,084 6 Special Drawing Rights certificate account 5,018 + 300 Coin 510 + 8 + 5 Loans 1,965 + 1,563 328 Acceptances- Held under repurchase agreements Federal agency obligations- 7,829 398 Bought outright 405 + 405 280 Held under repurchase agreements'! U.S. government securities: 103,568 - 453 + 18,665 Bought outright—Bills 68,126 + 479 Notes 25,724 — + 998 Bonds 197,418 - 453 + 20,142 Total bought outright2 3,213 + 3,213 + 911 Held under repurchase agreements 1 200,631 + 2,760 + 21,053 Total U.S. government securities 210,830 + 4,728 + 20,047 Total loans and securities (1 ,381) 10,627 + 2,249 + 1,762 Items in process of collection 656 + 52 Bank premises 15,876 + ,_ 453 4- 1,453 Other assets 3 (1 ,381) 254,601 7,438 23,163 TOTAL ASSETS LIABILITIES 192,170 563 13,029 Federal Reserve notes Deposits: 43,169 + 4,421 + 8,554 U D . e S p . o T s r i e to a r s y u r i y n — sti g tu e t n io er n a s l account 4,5 3 3 4 6 5 + + 66 9 1 8 + + 1,18 4 5 2 Foreign—official accounts 471 + 5 - 16 O De th O fe e t r r h T r e e o li d r t a a b c l i r l d i e t e d ie p it s o s i a t i e n ts m d s a ccrued dividends4 ( ( 1 1 , ,3 3 8 8 1 1 ) ) 2 4 5 8 7 2 0 , , , , 5 6 2 5 2 3 5 7 1 1 3 5 + + + + 5 1 7 , , , 1 6 4 8 9 4 5 6 5 1 + + + - 2 9 3 , , 7 4 7 6 5 3 6 5 8 0 6 TOTAL LIABILITIES CAPITAL ACCOUNTS 1,863 + 4 + 84 Capital paid in + 155 1,781 Surplus 382 _ 11 - 84 Other capital accounts * 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 $ ~°~ million was outstanding at the end of the latest statement week. 2 Net of $4,045 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $539 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. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 17, 1986 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days In accordance with maximun maturity of the agreements. U.S. government securities Federal agency obligatione LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings |Weekly chanc. Within 15 days 1,960 — 9,717 + 5,001 471 + 471 16 days to 90 days 5 — 53,421 - 2,366 1,087 - 65 91 days to 1 year — — 62,169 + 125 1,334 + 11 Over 1 year to 5 years — — 36,807 3,781 11 Over 5 years to 10 years — — 15,451 — 1,188 Over 10 years — ~~""~~ 2233,,006666 — 337744 Total 1,965 220000,,663311 + 2,760 88,,223355 + 406 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 17, 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas 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 28 16 21 34 84 52 30 28 20 44 41 112 Loans 1,965 2 829 240 1 79 375 12 10 7 136 215 59 Acceptances held under repurchase agreements Federal agency obi gations: Bought outright 7,829 484 2,539 251 460 673 312 873 230 113 321 501 1,092 Held under repurchase agreements 1 405 405 U.S. government securities: Bought outright-Bills 103,568 6,133 33,581 3,316 6,082 8,901 4,133 11,550 3,048 1,497 4,254 6,632 14,441 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 2 197,418 11,690 64,012 6,321 11,593 16,967 7,877 22,017 5,810 2,853 8,109 12,642 27,527 Held under repurchase agreements 1 3,213 3,213 Total U.S. government securities 200,631 11,690 67,225 6,321 11,593 16,967 7,877 22,017 5,810 2,853 8,109 12,642 27,527 Total loans and securities 210,830 12,156 70,998 6,812 12,054 17,719 8,564 22,902 6,050 2,973 8,566 13,358 28,678 Items in process of collection 12,008 802 1,286 812 789 755 1,201 1,244 736 551 1,482 678 1,672 Bank premises 656 92 32 47 31 100 51 41 19 24 46 20 153 Other assets 3 15,876 472 3,486 560 748 747 923 4,707 383 367 558 998 1,927 Interdistrict settlement account -0- -1- 945 - 179 - 914 + 73 - 300 + 558 +2,014 9 + 233 - 187 -1,252 - 982 TOTAL ASSETS 255,982 15,512 80,274 7,931 14,693 20,525 12,059 32,988 7,733 4,402 11,323 14,842 33,700 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 $ 70 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 17, 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 192,170 12,040 60,617 5,394 12,345 17,004 7,062 26,785 5,819 2,759 8,332 11,114 22,899 Deposits: Depository institutions 43,169 2,644 11,656 1,854 1,445 2,563 3,708 4,565 1,189 1,029 1,378 2,714 8,424 U.S. Treasury-general account 4,536 — 4,536 — -- — — — — ~ — — — Foreign—official accounts 345 5 232 7 9 8 12 20 4 5 7 12 24 Other 471 1 343 1 1 27 2 87 2 — 3 2 2 Total deposits 48,521 2,650 16,767 1,862 1,455 2,598 3,722 4,672 1,195 1,034 1,388 2.728 8,450 Deferred credit items 9,034 562 1,108 430 523 515 838 743 534 450 1,344 529 1,458 Other liabilities and accrued dividends 1 2,231 126 756 75 130 181 90 250 61 35 87 139 301 TOTAL LIABILITIES 251,956 15,378 79,248 7,761 14,453 20,298 11,712 32.450 7,609 4,278 11,151 14,510 33,108 CAPITAL ACCOUNTS Capital paid in 1,863 58 465 80 111 101 168 251 58 61 81 158 271 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 382 23 122 7 22 35 32 46 12 5 11 26 41 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 255,982 15,512 80,274 7,931 14,693 20,525 12,059 32,988 7,733 4,402 11,323 14,842 33,700 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 232,883 14,478 65,945 7,980 14,038 20,133 12,410 29,440 7,540 3,385 11,763 14,275 31,496 Less-Held by F.R. Banks 40,713 2,438 5,328 2,586 1,693 3,129 5,348 2,655 1,721 626 3,431 3,161 8,597 F.R. notes, net 192,170 12,040 60,617 5,394 12,345 17,004 7,062 26,785 5,819 2,759 8,332 11,114 22,899 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 176,068 Total collateral 192,170 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