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 15, 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 week ended Wednesday JJaann.. 1144,, 11998877 Jan . 7, 1987 Jan. 15, 1986 Jan. 14, 1987 Reserve Bank credit: 1 2 229,062 - 2,432 + 23,972 230,747 U.S. government securities- Bought outright—system account 200,393 + 1,893 + 20,438 198,183 Held under repurchase agreements 2,667 - 3,176 -1- 2,089 6,425 Federal agency obligations- Bought outright 7,829 — 398 7,829 Held under repurchase agreements 207 - 569 + 56 377 Acceptances- Bought outright __ — — — Held under repurchase agreements — — — — Loans to depository institutions 311 - 387 304 325 Includes: seasonal borrowing of 26 - 4 + 1 25 extended credit of 194 - 41 291 211 Float 767 - 201 + 261 333 Other F.R. assets 16,888 + 8 + 1,830 17,275 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,609 + 14 + 536 17,621 Total factors supplying reserve funds 262,773 - T7418 ' + 24,802 ' 264,470 - Currency in circulation* 208,808 2,417 + 14,795 207,893 Treasury cash holdings* 459 + 3 95 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,306 - 1,653 726 5,549 Foreign 221 - 20 6 226 Service-related balances and adjustments3 2,619 + 338 + 466 1,814 Other 351 - 499 82 359 Other F.R. liabilities and capital 6,452 + 289 + 111 6,298 Total factors, other than reserve balances, absorbing reserve funds 223,216 - 3,959 + 14,463 222,598 Reserve balances with F.R. Banks4 39,557 + 1,540 + 10,339 41,872 On January 14, 1987, , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 163,606 million, a decrease of $ 1,909 million for the week. 1 Net of $ 2,365 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,365 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,704 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,704 million was with foreign official and international accounts. Includes $ 364 million securities loaned —fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,814 million and adjustments of $ 805 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, January 14, 1987 January 7, 1987 January 15, 1986 ASSETS Gold certificate account 11,084 — - 6 Special Drawing Rights certificate account 5,018 — + 300 Coin 508 + 18 — Loans 325 - 9 - 319 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 7,829 — - 398 Held under repurchase agreements 1 377 - 198 + 377 U.S. government securities: Bought outright—-Bills 104,333 - 442 + 15,514 Notes 68,126 — + 479 Bonds 25,724 — + 998 Total bought outright2 198,183 - 442 + 16,991 Held under repurchase agreements1 6,425 + 2,566 + 6,425 Total U.S. government securities 204,608 + 2,124 + 23,416 Total loans and securities 213,139 + 1,917 + 23,076 Cash items in process of collection (1,130) 6,562 «. 2,162 _ 1,527 Bank premises 661 _ 1 + 55 Other assets 3 16,614 + 494 + 1,990 TOTAL ASSETS (1,130) 253,586 + 266 + " 23,888 LIABILITIES Federal Reserve notes 191,239 - 2,377 + 14,048 Deposits: Depository institutions 43,686 + 2,025 + 11,045 U.S. Treasury—general account 5,549 + 1,479 - 120 Foreign—official accounts 226 + 42 + 35 Other 359 + 59 _ 216 Total deposits 49,820 + 3,605 + 10,744 Deferred availability cash items (1,130) 6,229 _ 985 _ 1,060 Other liabilities and accrued dividends4 2,249 + 46 7 TOTAL LIABILITIES (1,130) 249,537 _ 289 _ "23,725 CAPITAL ACCOUNTS Capital paid in 1,874 - 1 + 91 Surplus 1,873 + 92 Other capital accounts 302 - 22 - 20 * 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 $ -rj- million was outstanding at the end of the latest statement week. 2 Net of $ 4,704 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 364 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 $ 58 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, January 14, 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 [Weekly changes Within 15 days 322 — 16,096 + 1,905 526 299 16 days to 90 days 3 — 51,124 + 356 954 _ 4 91 days to 1 year — — 62,402 - 137 1,220 + 5 Over 1 year to 5 years — — 36,469 3,814 40 Over 5 years to 10 years — — 15,451 — 1,318 + 140 Over 10 years 5555~~ 2233,,006666 337744 Total 332255 220044,,660088 + 2,124 88,,220066 - 198 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 14,1987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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 508 27 21 20 34 84 50 31 27 21 43 42 108 Loans 325 5 26 34 5 4 3 18 12 4 71 140 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 1 377 — 377 — — -- ~ — — — — — U.S. government securities: Bought outright-Bills 104,333 6,178 33,829 3,341 6,127 8,967 4,163 11,635 3,071 1,507 4,286 6,681 14,548 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 2 198,183 11,735 64,260 6,346 11,638 17,033 7,907 22,102 5,833 2,863 8,141 12,691 27,634 Held under repurchase agreements 1 6,425 — 6,425 — — — — — — — — — — Total U.S. government securities 204,608 11,735 70,685 6,346 11,638 17,033 7,907 22,102 5,833 2,863 8,141 12,691 27,634 Total loans and securities 213,139 12,204 73,627 6,631 12,103 17,710 8,222 22,993 6,075 2,980 8,533 13,332 28,729 Items in process of collection 7,692 531 643 346 292 709 747 632 417 405 1,176 471 1,323 Bank premises 661 93 32 47 32 99 51 43 20 24 46 20 154 Other assets 3 16,614 503 3,856 561 809 792 955 4,661 466 389 588 1,017 2,017 Interdistrict settlement account -0- + 594 + 564 - 353 + 63 - 587 +1,987 +1,336 + 68 + 173 - 488 -1,453 -1,904 TOTAL ASSETS 254,716 14,969 83,378 7,845 14,297 20,227 12,722 31,746 7,599 4,226 10,712 14,428 32,567 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 $ 4,704 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 364 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 $ 58 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 14, 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 191,239 12,039 61,363 5,184 12,240 16,773 7,016 26,697 5,723 2,653 8,092 10,933 22,526 Deposits: Depository nstitutions 43,686 2,218 13,426 1,972 1,412 2,636 4,549 3,636 1,200 1,000 1,182 2,560 7,895 U.S. Treasury—general account 5,549 5,549 Foreign—official accounts 226 5 113 7 9 8 12 20 4 5 7 12 24 Other 359 1 255 1 23 2 65 1 3 4 4 Total deposits 49,820 2,224 19,343 1,979 1,422 2,667 4,563 3,721 1,205 1,005 1,192 2,576 7,923 Deferred credit items 7,359 441 910 432 269 382 708 540 415 406 1,166 449 1,241 Other liabilities and accrued dividends1 2,249 124 731 69 126 178 88 248 133 36 89 134 293 TOTAL LIABILITIES 250,667 14,828 82,347 7,664 14,05r7 20,000 12,375 31,206 7,476 4,100 10,539 14,092 31,983 CAPITAL ACCOUNTS Capital paid in 1,874 61 467 87 111 101 167 252 57 61 81 158 271 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 302 19 98 8 18 25 12 37 8 4 11 20 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 254,716 14,969 83,378 7,845 14,297 20,227 12,722 31,746 7,599 4,226 10,712 14,428 32,567 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 230,797 14,395 65,752 7,863 13,839 19,898 12,348 29,059 7,418 3,397 11,567 14,131 31,130 Less-Held by F.R. Banks 39,558 2,356 4,389 2,679 1,599 3,125 5,332 2,362 1,695 744 3,475 3,198 8,604 F.R. notes, net 191,239 1122,,003399 6611,,336633 55,,118844 1122,,224400 1166,,777733 77,,001166 2266,,669977 55,,772233 22,,665533 88,,009922 1100,,993333 22,526 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 175,137 Total collateral 191,239 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