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 8, 1987 Averages of daily figu res (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddeedd Change from week ended Wednesday JJaann.. 77,, 1199SS77 Dec. 31, 1986 Jan. 8, 1986 Jan. 7, 1987 Reserve Bank credit: 1 2 231,494 -1,332 +26,948 229,514 U.S. government securities- Bought outright—system account 198,500 +1,325 +19,411 198,625 Held under repurchase agreements 5,843 - 700 + 5,351 3,859 Federal agency obligations- Bought outright 7,829 ~ 398 7,829 Held under repurchase agreements 776 + 1 + 706 575 Acceptances- Bought outright — — — Held under repurchase agreements — — — — Loans to depository institutions 698 -1,120 + 86 334 Includes: seasonal borrowing of 30 9 23 extended credit of 235 37 221 207 Float 968 - 796 84 1,510 Other F.R. assets 16,880 42 + 1,876 16,782 Gold stock 11,084 — 6 11,084 Special* Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,595 + 11 + 532 17,607 Total factors supplying reserve funds 265,191 -1,322 +27,774 263,223 Currency in circulation* 211,228 - 431 +14,944 210,280 Treasury cash holdings* 453 — 101 453 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,959 + 619 + 1,819 4,070 Foreign 241 + 4 66 184 Service-related balances and adjustments 3 2,281 + 62 + 243 1,813 Other 850 + 392 + 386 300 Other F.R. liabilities and capital 6,163 - 262 + 91 6,275 Total factors, other than reserve balances, absorbing reserve funds 227,175 4- 385 +17,316 223,375 Reserve balances with F.R. Banks4 38,017 -1,706 +10,459 39,848 On January 7, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 165,515 million, an increase of $3,134 million for the week. 1 Net of $ 3,921 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,921 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,795 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,795 million was with foreign official and international accounts. Includes $636 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,813 million and adjustments of $468 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, WWeeddnneessddaayy,, January 7, 1987 De member 31, 1986 JJaannuuaarryy tt,, 11998866 ASSETS ! Gold certificate account 11,084 — - 6 Special Drawing Rights certificate account 5,018 — + 300 Coin 490 + 5 + 8 Loans 334 - 1,231 - 242 Acceptances- — — Held under repurchase agreements Federal agency obligations- Bought outright 7,829 — - 398 Meld under repurchase agreements 1 575 - 1,739 + 575 U.S. government securities: Bought outright—Bills 104,775 + 1,000 + 19,127 Notes 68,126 — + 479 Bonds 2255,,772244 — ++ 998 Total bought outright^ 119988,,662255 + 1,000 ++ 20,604 Held under repurchase agreements1 3,859 _ 9,832 + 3,859 Total U.S. government securities 202,484 _ 8,832 + 24,463 Total loans and securities 211,222 - 11,802 + 24,398 Items in process of collection (1,231) 8,724 - 214 + 1,018 Bank premises 662 + 1 + 55 Other assets 3 16,120 694 + 1,513 TOTAL ASSETS (1,231) 253,320 ~ 12,704 + 27,286 LIABILITIES Federal Reserve notes 193,616 - 1,744 + 14,373 Deposits: Depository institutions 41,661 - 6,446 + 13,844 U.S. Treasury—general account 4,070 - 3,518 — 1,240 Foreign—official accounts 184 — 103 — 75 v Other 300 - 617 - 102 Total deposits 46,215 - 10,684 + 12,427 Deferred credit items (1,231) 7,214 - 463 + 390 Other liabilities and accrued dividends4 2,203 - 137 - 99 TOTAL LIABILITIES (1,231) 249,248 - 13,028 + 27,091 CAPITAL ACCOUNTS Capital paid in 1,875 + 1 + 92 Surplus 1,873 - 1 + 103 Other capital accounts 324 + 324 — 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 $ -0- million was outstanding at the end of the latest statement week. Net of $ 3,795 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 636 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 $ 27 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, January 7, 1987 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 LLooaannss AAcccceeppttaanncceess Holdings Weekly changes Holdings _JWeekly changes Within 15 days 333 — 14,191 - 6,289 825 - 1,879 16 days to 90 days 1 — 50,768 - 2,843 958 + 149 91 days to 1 year — — 62,539 + 300 1,215 9 Over 1 year to 5 years — — 36,469 — 3,854 — Over 5 years to 10 years — — 15,451 1,178 — Over 10 years —— 2233,,006666 — 337744 — Total 333344 220022,,448844 - 8,832 88,,440044 - 1,739 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 January 7, 1987 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 .490 25 19 21 32 81 47 28 26 20 43 41 107 Loans 334 — 10 37 26 13 3 16 10 4 94 121 .-_ 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 1 575 — 575 ~ — — — — -- — — ~ — U.S. government securities: Bought outright-Bills 104,775 6,204 33,972 3,355 6,153 9,005 4,181 11,684 3,084 1,514 4,304 6,709 14,610 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 2 198,625 11,761 64,403 6,360 11,664 17,071 7,925 22,151 5,846 2,870 8,159 12,719 27,696 Held under repurchase agreements "• 3,859 — 3,859 — — — — — — — — — — Total U.S. government securities 202,484 11,761 68,262 6,360 11,664 17,071 7,925 22,151 5,846 2,870 8,159 12,719 27,696 Total loans and securities 211,222 12,225 71,386 6,648 12,150 17,757 8,240 23,040 6,086 2,987 8,574 13,341 28,788 Items in process of collection 9,955 735 690 647 388 835 948 728 516 494 1,353 776 1,845 Bank premises 662 93 32 47 32 100 51 43 20 24 46 20 154 Other assets 3 16,120 487 3,644 558 772 779 944 4,605 390 376 577 1,018 1,970 Interdistrict settlement account -0- + 865 -1,182 - 407 + 501 - 507 +1,454 +1,297 21 58 - 359 -1,300 - 283 TOTAL ASSETS 254,551 15,447 79,224 8,107 14,839 20,465 12,394 31,791 7,543 4,077 11,048 14,895 34,721 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 $ 3,795 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 636 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 $ 27 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 January 7, 1987 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 ci n s co LIABILITIES Federal Reserve notes 193,616 12.183 61,588 5.362 12,427 16,954 7,290 26,877 5,824 2,725 8.190 11.114 23,082 Deposits: Depository institutions 41,661 2.438 10,511 2,066 1,716 2.591 3,779 3,464 1,067 686 1.314 2.754 9,275 U.S. Treasury—general account 4.070 4,070 Foreign—official accounts 184 5 71 7 9 8 12 20 4 5 7 12 24 Other 300 239 1 9 3 36 1 3 3 5 Total deposits 46,215 2,443 14,891 2,073 1,726 2.608 3,794 3,520 1,072 691 1.324 2,769 9,304 Deferred credit items 8,445 556 963 415 310 493 874 606 462 499 1.271 542 1.454 Other liabilities and accrued dividends1 2,203 126 730 74 136 182 88 249 62 36 89 135 296 TOTAL LIABILITIES 250,479 15,308 78,172 7,924 14,599 20.237 12,046 31,252 7,420 3,951 10,874 14,560 34,136 CAPITAL ACCOUNTS Capital paid in 1,875 62 466 87 111 101 168 252 57 61 81 158 271 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 324 16 120 10 18 26 12 36 8 4 12 19 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 254,551 15.447 79,224 8,107 14,839 20.465 12,394 31.791 7,543 4.077 11,048 14,895 34,721 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 230.980 14.377 65,637 7,890 13,861 19.909 12,433 29,097 7,439 3.366 11,623 14,202 31,146 Less-Held by F.R. Banks 37,364 2.194 4,049 2,528 1,434 2,955 5,143 2,220 1,615 641 3.433 3,088 8,064 F.R. notes, net 193,616 1122,,118833 6611,,558888 55,,336622 1122,,442277 1166,,995544 77,,229900 2266,,887777 55,,882244 22,,772255 88..119900 1111,,111144 23,082 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 177,514 Total collateral 193,616 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