H.4.1 Factors Affecting Reserve Balances of Depository Institutions

• o Ol^Oyi FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when 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 26. 1986 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss DD ee »» ee 11 !! 99 nn 88 ^^ 66 Dece C m h b a e n r ge 1 7 fr , om D w e e c e e 2 k m \ e b n e d 1 r e 9 d 8 2 5 4 - DDeecc WW eemm eedd bb nn 11 ee ee 99 rr ss 88 dd 66 22 aa 44 yy ,, Reserve Bank credit: L 2 227,146 + 2 1Q ,6 QA 7 0 + 22,505 228,775 U.S. government securities- Bought outright—system account 197,069 - 443 + 19,182 196,742 Held under repurchase agreements 3,571 + 2,415 + 2,547 3,749 Federal agency obligations- Bought outright 7,829 — 398 7,829 Held under repurchase agreements 235 + 108 241 298 Acceptances- Bought outright — — — — Held under repurchase agreements — — — Loans to depository institutions 554 _ 90 394 468 Includes: seasonal borrowing of 35 + 1 21 34 extended credit of 291 - 23 207 283 Float 1,482 + 388 + 92 2,619 Other F.R. assets 16,407 + 294 + 1,718 17,070 Gold stock 11,084 6 11,084 Special Drawing Rights certificate account 5,018 + 300 5,018 Treasury currency outstanding 17,574 +_ 10 + 531 17,583 Total factors supplying reserve funds 260,823 + 2,681 + 23,331 262,460 Currency in circulation* 209,785 + 1,416 + 13,841 211,074 Treasury cash holdings* 453 _ 6 104 453 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,391 _ 133 186 3,681 Foreign 211 _ 55 40 177 Service-related balances and adjustments3 2,270 _ 151 + 216 1,809 Other 390 _ 149 59 375 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 6,411 +_ 5 + 77__ 6,415 TToottaall ffaaccttoorrss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, absorbing reserve funds 222,910 + 926 + 13,744 223,984 Reserve balances with F.R. Banks« 37,912 + 1,754 + 9,586 38,476 On December 24, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 163,173 million,a decrease of $ 1,591 million for the week. 1 Net of $ 4,667 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,667 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,217 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,217 million was with foreign official and international accounts. Includes $ 353 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,809 million and adjustments of $ 451 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 day Wednesday, Wednesday, December 24,, 1199 86 December 17, 1986 December 24-15, 1985 ASSETS Gold certificate account 11,084 6 Special Drawing Rights certificate account 5,018 + 300 Coin 505 5 + 7 Loans 468 1,497 894 Acceptances- Held under repurchase agreements Federal agency obligations- 7,829 398 Bought outright 298 107 298 Held under repurchase agreements 1 U.S. government securities: 102,892 676 + 17,535 Bought outright—Bills 68,126 + 479 Notes 25,724 + 998 Bonds 196,742 - 676 + 19,012 Total bought outright2 3,749 + 536 + 3,749 Held under repurchase agreements1 200,491 - 140 + 22,761 Total U.S. government securities 209,086 - 1,744 + 21,767 Total loans and securities (1,512) 10,418 - 209 - 378 Items in process of collection 659 + 3 + 55 Bank premises 16,411 + 535 + 2,169 Other assets 3 (1,512) 253,181 1,420 23,914 TOTAL ASSETS LIABILITIES 194,449 2,279 13,772 Federal Reserve notes Deposits: 40,285 2,884 + 10,565 Depository institutions 3,681 855 + 395 U.S. Treasury—general account Foreign—official accounts 177 168 - 32 Other 375 96 - 38 44,518 4,003 + 10,890 Total deposits (1,512) 7,799 + 146 - 778 Deferred credit items Other liabilities and accrued dividends4 2,379 + 148 + 143 (1,512) 249,145 1,430 + 24,027 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in 1,866 + 87 Surplus 1,781 + 155 Other capital accounts 389 - 355 * 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 officiiil and international accounts of which $ 1,709 million was outstanding at the end of the latest statement week. 2 Net of $ 5,217 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 353 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 $ 57 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 24, 1986 Acceptances and securities held under repurchase agreements are classified as 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 463 — 12,529 + 2,812 613 r/ + 143 16 days to 90 days 5 — 52,638 - 783 837 - 250 91 days to 1 year — — 60,000 - 2,169 1,334 — Over 1 year to 5 years — — 36,807 — 3,781 — Over 5 years to 10 years — — 15,451 — 1,188 — Over 10 years — _—_ 23,066 — 374 — Total 468 200,491 140 8,127 r/ - 107 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 24, 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 505 27 15 21 34 83 50 30 27 20 44 41 113 Loans 468 10 38 27 1 4 16 35 10 8 98 206 15 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 1 298 — 298 — — — — — — — — — — U.S. government securities: Bought outright-Bills 102,892 6,093 33,362 3,295 6,042 8,843 4,106 11,474 3,029 1,487 4,226 6,588 14,347 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 2 196,742 11,650 63,793 6,300 11,553 16,909 7,850 21,941 , 5,791 2,843 8,081 12,598 27,433 Held under repurchase agreements 1 3,749 — 3,749 — — — — — — — — — — Total U.S. government securities 200,491 11,650 67,542 6,300 11,553 16,909 7,850 21,941 5,791 2,843 8,081 12,598 27,433 Total loans and securities 209,086 12,124 70,417 6,578 12,014 17,586 8,178 22,849 6,031 2,964 8,500 13,305 28,540 Items in process of collection 11,930 742 1,223 817 435 689 1,193 1,196 750 561 1,867 685 1,772 Bank premises 659 92 31 47 31 100 52 43 19 24 46 20 154 Other assets 3 16,411 478 3,728 561 757 790 931 4,651 387 365 577 984 2,202 Interdistrict settlement account -0- +1,159 - 418 - 470 + 462 + 244 +2,295 +1,112 - 199 + 35 - 393 "1,385 -2,442 TOTAL ASSETS 254,693 15,639 79,631 8,147 14,697 20,912 13,409 31,931 7,541 4,203 11,455 14,649 32,479 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 $1,709 million was outstanding at the end of the latest statement week. 2 Net of $ 5,217 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $3 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 $ ->? 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 24, 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 194,449 12,192 61,264 5,455 12,390 17,126 7,608 26,952 5,857 2,825 8,362 11,248 23,170 Deposits: Depository institutions 40,285 2,666 11,602 1,902 1,535 2,878 4,393 3,096 963 718 1,285 2,336 6,911 U.S. Treasury—general account 3,681 3,681 Foreign—official accounts 177 5 64 7 9 8 12 20 4 5 7 12 24 Other 375 274 1 1 12 3 76 1 1 3 2 1 Total deposits 44,518 2,671 15,621 1,910 1,545 2,898 4,408 3.192 968 724 1,295 2,350 6,936 Deferred credit items 9,311 516 1,006 543 393 480 955 785 535 495 1,538 579 1,486 Other liabilities and accrued dividends 1 2,379 123 707 70 129 181 90 463 57 34 90 137 298 TOTAL LIABILITIES 250,657 15,502 78,598 7,978 14,457 20,685 13,061 31,392 7,417 4,078 11,285 14,314 31,890 CAPITAL ACCOUNTS Capital paid in 1,866 61 465 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 389 23 129 6 22 35 33 47 12 6 9 29 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 254.693 15,639 79,631 8,147 14,697 20,912 13,409 31,931 7,541 4,203 11,455 14,649 32,479 FFEEDDEERRAALL RREESSEERRVVEE AAGGEENNTTSS'' AACCCCOOUUNNTTSS FF..RR.. nnootteess oouuttssttaannddiinngg 232,166 14,401 65,848 7,923 13,940 20,025 12,653 29,214 7,488 3,401 11,698 14,262 31,313 LLeessss--HHeelldd bbyy FF..RR.. BBaannkkss 37,717 2,209 4,584 2,468 1,550 2,899 5,045 2,262 1,631 576 3,336 3,014 8,143 FF..RR.. nnootteess,, nneett 194,449 1122,,119922 6611,,226644 55,,445555 1122,,339900 1177,,112266 77,,660088 2266,,995522 55,,885577 22,,882255 88,,336622 1111,,224488 23,170 CCoollllaatteerraall hheelldd aaggaaiinnsstt FF..RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,084 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aaccee 5,018 OOtthheerr eelliiggiibbllee aasssseettss -0- UU..SS.. ggoovvtt,, aanndd aaggeennccyy sseeccuurriittiieess 178,347 Total collateral 194.449 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