H.4.1 Factors Affecting Reserve Balances of Depository Institutions

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 January 2, 1987 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 weelc ended Wednesday DDeecc.. 3311,, 11998866 Dec. 24, 1986 Jan. 1, 1986 Dec. 31, 1986 Reserve Bank credit: 1-2 232,908 +5,762 +25,497 241,760 U.S. government securities- Bought outright—system account 197,175 + 106 +18,803 197,625 Held under repurchase agreements 6,543 +2,972 + 4,874 13,691 Federal agency obligations- Bought outright 7,829 — 398 7,829 Held under repurchase agreements 775 + 540 148 2,314 Acceptances- Bought outright — — — — Held under repurchase agreements — — — Loans to depository institutions 1,818 +1,264 + 91 1,565 Includes: seasonal borrowing of 39 + 4 7 39 extended credit of 272 19 173 278 Float 1,833 + 351 + 188 1,261 Other F.R. assets 16,935 + 528 + 2,086 17,475 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,584 + 10 + 532 17,593 Total factors supplying reserve funds 266,595 +5,772 +26,324 275,455 Currency in circulation* 211,659 +1.874 +14,407 212,015 Treasury cash holdings* 453 — 102 453 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,340 +1,949 305 7,588 Foreign 237 + 26 59 287 Service-related balances and adjustments3 2,219 54 + 110 1,812 Other 458 + 68 114 917 Other F.R. liabilities and capital 6,425 + 14 | + 155 6,088 Total factors, other than reserve balances, absorbing reserve funds 226,790 +3,877 +14,091 229,160 Reserve balances with F.R, Banks4 39*805 +1,896 +12,231 46,295 On December 31, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 162,381 million, a de crease of $ 201 million for the week. 1 Net of $ 4,910 million, daily average, matched sale-purchasa transactions outstanding during the latest statement week, of which a net of $ 4,910 million was with foreign official and internationa' accounts. Includes securities loaned—fully secured by U.S, government securities, 2 Net of $ 4,796 million matched sale-purchase transactions outstanding at the en6 of the latest statement week, of which a net of $ 4,796 million was with foreign official and international accounts Includes $ 1*488 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,812 million and adjustments of $ 407 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 31, 1986 December 24, 1986 December 31, 1985 ASSETS Qold certificate account 11,084 — - 6 Special Drawing Rights certificate account 5,018 — + 300 Coin 485 - 20 - 2 Loans 1,565 + 1,097 - 1,495 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,829 — - 398 Held under repurchase agreements 1 2,314 + 2,016 + 620 U.S. government securities: Bought outright—Bills 103,775 + 883 + 18,350 Notes 68,126 — + 479 Bonds 2255,,772244 — ++ 998 Total bought outright^ 119977,,662255 + 883 ++ 19,827 Held under repurchase agreements1 13,691 + 9,942 + 10,162 Totsl U.S. government securities 211,316 + 10,825 + 29,989 Total loans and securities 223,024 + 13,938 + 28,716 Items in process of collection (1,335) 8,938 - 1,480 - 1,209 Bank premises 661 + 2 + 54 Other assets 3 16,814 + 403 + 2,119 TOTAL ASSETS !(1,335) 266,024 + 12,843 + 29,972 LIABILITIES Federal Reserve notes 195,360 + 911 + 13,910 Deposits: Depository institutions 48,107 + 7,822 + 19,476 U.S. Treasury—general account 7,588 + 3,907 - 1,763 Foreign—official accounts 287 + 110 - 193 Other 917 + 542 - 124 Total deposits 56,899 + 12,381 + 17,396 Deferred credit items (1,335) 7,677 - 122 - 1,482 Other liabilities and accrued dividends4 2,340 _ 39 _ 38 TOTAL LIABILITIES (1,335) 262,276 ~+~ 13,131 + 29,786 CAPITAL ACCOUNTS Capital paid in 1,874 + 8 + 93 Surplus 1,874 + 93 + 93 Other capital accounts — - 389 — 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 official and international accounts of which $9,161 million was outstanding at the end of the latest statement week. Net of $ 4,796 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,488 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 $ 25 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, December 31, 1986 Acceptances and secu/ities 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 obi gatione LLooaannss AAcccceeppttaanncceess Holdings [Weekly changes Holdings (Weekly change Within 15 days 1,553 — 20,480 + 7,951 2,704 + 2,091 16 days to 90 days 12 — 53,611 + 973 809 28 91 days to 1 year — — 62,239 + 2,239 1,224 110 Over 1 year to 5 years — — 36,469 338 3,854 + 73 Over 5 years to 10 years — — 15,451 — 1,178 10 Over 10 years ~ **——"" 2233,,006666 — 337744 Total 1,565 221111,,331166 + 10,825 1100,,114433 + 2,016 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 31, 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 485 26 14 20 33 81 47 29 26 20 43 40 106 Loans 1,565 43 134 178 206 231 73 89 37 206 152 195 21 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 2,314 2,314 U.S government securities: Bought outright-Bills 103,775 6,145 33,648 3,323 6,094 8,919 4,141 11,573 3,054 1,500 4,263 6,645 14,470 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 2 197,625 11,702 64,079 6,328 11,605 16,985 7,885 22,040 5,816 2,856 8,118 12,655 27,556 Held under repurchase agreements 1 13,691 13,691 Total U.S. government securities 211,316 11,702 77,770 6,328 11,605 ljbiM- 7,885 22,040 5_,816_,__ 2 ,,856 8^118 ___.lli.655_ 17,556 Total loans and securities 223,024 12,209 82,757 6,757 12,271 17,889 8,270 23,002 6,083 3,175 8,591 13,351 28,669 Items in process of collection 10,273 621 1,311 595 375 701 815 1,013 568 492 1,527 710 1,545 Bank premises 661 92 32 47 32 100 51 43 20 24 46 20 154 Other assets 3 16,814 493 4,377 550 772 763 935 4,598 389 373 584 1,000 1,980 Interdistrict settlement account -0- +1,444 -5,576 466 + 247 - 158 +1,489 +2,975 1 + 78 - 106 - 80 + 154 TOTAL ASSETS 267,359 15,902 87,550 8,096 14,694 20,796 12,317 33,710 7,611 4,396 11,499 16,040 34,748 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 $ 9,161 million was outstanding at the end of the latest statement week. 2 Net of $ 4,796 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,488 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 $ 25 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 31, 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 195,360 12,260 61,693 5,513 12,482 17,150 7,557 27,064 5,889 2,838 8,293 11,250 23,371 Deposits: Depository institutions 48,107 2,870 14,639 1,945 1,528 2,645 3,430 5,008 1,021 884 1,425 3,675 9,037 U.S. Treasury—general account 7,588 — 7,588 — — — — — — — — — — Foreign—official accounts 287 5 174 7 9 8 12 20 4 5 7 12 24 Other 917 21 514 8 26 45 28 103 13 12 24 41 82 Total deposits 56,899 2,896 22,915 1,960 1,563 2,698 3,470 5,131 1,038 901 1,456 3,728 9,143 Deferred credit items 9,012 497 1,158 381 298 564 867 752 504 495 1,495 610 1,391 Other liabilities and accrued dividends 1 2,340 127 852 70 127 182 87 261 64 40 93 136 301 TOTAL LIABILITIES 263,611 15,780 86,618 7,924 14,470 20,594 11,981 33,208 7,495 4,274 11,337 15,724 34,206 CAPITAL ACCOUNTS Capital paid in 1,874 61 466 86 112 101 168 251 58 61 81 158 271 Surplus 1,874 61 466 86 112 101 168 251 58 61 81 158 271 Other capital accounts -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- -0- TOTAL LIABILITIES AND CAPITAL ACCOUNTS 267,359 15,902 87,550 8,096 14,694 20,796 12,317 33,710 7,611 4,396 11,499 16,040 34,748 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 231,603 14,393 65,761 7,908 13,896 19,955 12,545 29,158 7,467 3,383 11,665 14,236 31,236 Less-Held by F.R. Banks 36,243 2,133 4,068 2,395 1,414 2,805 4,988 2,094 1,578 545 3,372 2,986 7,865 F.R. notes, net 195,360 12,260 61,693 5,513 12,482 17,150 7,557 27,064 5,889 2,838 8,293 11,250 23,371 Collateral held against F.R. notes: Gold certificate account 11,084 Special Drawing Rights certif. ace 5,018 Other eligible assets •-o- U.S. govt, and agency securities 179,258 Total collateral 195,360 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