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 CORRECTED COPY Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks January 23, 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.. 2211,, 11998877 Jan. 14, 19871 Jan. 22, 1986 Jan. 21, 1987 Reserve Bank credit: *•* 227,480 - 1,532 + 18,442 231,481 U.S. government securities- Bought outright—system account 200,589 + 196 + 21,756 202,032 Held under repurchase agreements 788 ! - 1,879 - 3,602 2,406 Federal agency obligations— Bought outright 7,798 31 429 7,719 Held under repurchase agreements 64 - 143 843 203 Acceptances- Bought outright — 1 — — Held under repurchase agreements — — — — Loans to depository Institutions 398 + 87 566 1 382 Includes: seasonal borrowing of 34 + 8 2 38 extended credit of i 218 + 24 299 235 Float 1,030 + 279 + 710 1,821 Other F.R. assets 16,814 40 + 1,417 16,918 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,597 + 14 + 514 17,609 Total factors supplying reserve funds 261,179 - 1,518 + 19,250 265,192 Currency in circulation* 206,978 - 1,804 + 14,601 206,646 Treasury cash holdings* 459 i — 96 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 9,302 + 4,996 , - 4,554 15,742 Foreign i 217 4 26 240 Service-related balances and adjustments 3 2,269 - 350 1 + 237 1,805 Other 394 + 43 150 330 Other F.R. liabilities and capital 6,360 92 + 3 6,155 Total factors, other than reserve balances, absorbing reserve funds 225,979 + 2,789 + 10,016 231,377 Reserve balances with F.R. Banks * 35,201 - 4,306 + 9,235 33,815 On January 21, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 165,049 million, an increase of S 1.443 million for the week. 1 Net of $ 2,800 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,800 million was with foreign official and international accounts, includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 1,385 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,385 miition was with foreign official and international accounts. Includes $ 254 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,805 million and adjustments of $ 464 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 (s) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE RANKS Millions of dollars „ ^ _ ^_ Change since Wednesday Wednesday, January 21, 1987 January 1 v 4 , 1987_ .Tannarv 22, l™ ASSETS Gold certificate account 11,084 6 Special Drawing Rights certificate account 5,018 30(1 Coin 530 + 22 i Loans 382 + 57 37i Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,719 110 50* Held under repurchase agreements'! 203 174 93? \)J&. government securities: I Bought outright—Bills 108,182 3,849 + 21,41, Notes 68,126 + 47J Bonds 25,724 + 99* Total bought outright2 202,032 + 3,849 22,89f Held under repurchase agreements 1 2,406 - 4,019 3,55* Total U.8. government securities 204,438 - 170 19,33i Total loans and securities 212,742 - 397 + ^52? Items in process of collection (1,535) 11,955 + 5,393 + 52* Bank premises 663 + 2 + l\ Other assets 3 16,255 - 359 +_ 1,20* TOTAL ASSETS (1.535) 258,247 4,661 + 19,57? LIABILITIES 190,026 1,213 14,03? Federal Reserve notes Deposits: 35,620 8,066 + 8,70-> Depository institutions 15,742 + 10,193 3,345 U.S. Treasury—general account 240 + 14 1 | Foreign—official accounts Other 330 29 Defer T re o d ta c l r d e e d p it o s It i e ts m s (1,535) 5 1 1 0 , , 9 1 3 3 2 4 + + 3 2 , ,1 9 1 0 2 5 + 5^0? + 24° Other liabilities and accrued dividends* 2,103 146 TOTAL LIABILITIES (1,535) 254,195 4,658 Z li + 1974? CAPITAL ACCOUNTS Capital paid In 1,876 + Surplus 1,873 + Other capital accounts 303 * Figures In parsntheses 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 forelgr o1r"clal and international accounts of which $ 2,749 million was outstanding at the end of the latest statement week. 2 Net of $ 1,385 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S 25A 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 investmentaccoun at Chicago of S 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 cor?" mltments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, January 21, 1987 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days In accordance with rfaxlmum maturity of the agreements. LLooaannss AAcccceeppttaanncceess U.S. government securities Federal agemm ccyycc Mpstlons_ Holdings (Weekly changes Holdings ekfr^-gg Within 15 days 374 — 16,494 + 398 '366 ~ 160 16 days to 00 days 8 — 53,048 + 1,924 862 92 01 days to 1 year — — 59,915 - 2,487 1.318 H 9B O O v v e e r r 5 J 'v ye e a a r r s t o to 5 v 1 e 0 a y r e s a rs ' • I ™~ ~~ 15,431 JO. 2 4* 0 . 1,300 - 9 1 6 8 Over 10 years --^^~~ 2233,,006666 335588 - 16 Total I 338822 220044,,443388 - 170 77,,992222 - 284" 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 21, 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 530 26 22 20 36 88 55 35 28 22 45 43 no Loans 382 16 26 32 19 5 1 19 7 7 96 151 3 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: . Bought outright 7,719 457 2,503 247 453 664 308 861 227 112 317 494 1,076 Held under repurchase agreements1 203 — 203 — — — — — — — — — — U.S. government securities: Bought outright-Bills 108,182 6,406 35,077 3,464 6,353 9,298 4,317 12,064 3,184 1,563 4,444 6,927 15,085 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 2 202,032 11,963 65,508 6,469 11,864 17,364 8,061 22,531 5,946 2,919 8,299 12,937 28,171 Held under repurchase agreements 1 2,406 — 2,406 — — — — — — — — — Total U.S. government securities 204,438 11,963 67,914 6,469 11,864 17,364 8,061 22,531 5,946 2,919 8,299 12,937 26,171 Total loans and securities 212,742 12,436 70.646 6,748 12,336 18,033 8,370 23,411 6.180 3,038 8,712 13,582 29,250 Items in process of collection 13,490 955 1,328 1,014 702 686 1,204 1,050 729 605 1,705 970 2,542 Bank premises 663 93 32 47 32 100 51 44 20 24 46 20 154 Other assets 3 16,255 541 3,577 578 798 824 961 4,661 407 381 581 1,044 1,902 Interdistrict settlement account -0- - 72 +9,387 -1,387 - 736 -1,491 + 455 + 21 - 567 - 268 - 906 -2,117 -2,319 TOTAL ASSETS 259,782 14,996 89,627 7,613 14,132 19,660 11,806 31,272 7,323 4,036 10,997 14,541 33,779 1 Does not include U.S. governmen tand federal agency securities resold under matched sale-purchase transactions to foreign officia land international accounts, of which $ 2 , 749 million was outstanding at the end of the latest statement week. 2 Net of $ 1,385 million matched sale-purchase transactions outstanding at the end of the latest stateme nwteek. Includes $ 25A million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchang erates. 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 January 21. 1987 Millions of dollars I Total Boston New York Philadelphia Cleveland Richmond Atlanu Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co LIABILITIES Federal Reserve notes 190.026 11.959 61.498 5,068 12,098 16,502 6,818 26,551 5,607 2,647 8,017 10,817 22,444 Deposits: Depository institutions 35,620 2.128 8,961 1.485 . 1,113 2,100* 3,523 3,032 846 623 1,102 2,399 8,308 U.S. Treasury—general account 15.742 15,742 Foreign-official accounts 240 5 126 7 9 8 14 20 5 5 6 13 22 Other 330 1 209 1 27 3 79 3 3 4 Total deposits 51,932 2.134 25,038 1,492 1,123 2,135 3,540 3,131 " 851 628 1,111 2,415 8,334 Deferred credit items 11,669 641 1,369 802 547 619 1,017 809 681 599 1,610 843 2,132 Other liabilities and accrued dividends1 2,103 122 686 68 124 176 85 243 60 • 36 87 131 • 285 TOTAL LIABILITIES 255,730 14,856 88,591 7,430 13,892 19,432 11,460 30,734 7,199 3,910 10,825 14,206 ' 33,195 CAPITAL ACCOUNTS Capital paid in 1,876 62 467 87 111 102 167 252 57 61 81 158 271 Surplus 1,873 61 466 86 HI 101 168 251 58 61 81 158 271 Other capital accounts 303 17 103 10 18 25 11 35 9 4 10 19 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 259, 782 14,996 89,627 J.613 14,132 19,660 11,806 31,272 7,323 4,036 10,997 14,541 33,779 FFEEDDEERRAALL RREESSEERRVVEE AAGGEENNTTSS'' jj « FF..RR LL AA .. ee CC ss nn CC ss oo -- OO tt ee HH UU ss ee NN ll oo dd TT uu SS tt bb ss yy tt aa FF nn .. dd RR iinn .. gg BB aannkkss 2 4 3 1 1 , , 2 3 9 2 6 2 1 2 4 , , 4 43 7 4 5 6 4 6 , , 9 43 3 5 7 7 2 , , 8 7 6 9 1 3 1 1 3 , , 7 8 5 5 7 5 1 3 9 , , 3 8 8 88 6 1 5 2 , , 4 2 3 57 9 2 2 8 , , 4 9 2 7 4 5 7 1 , .7 4 9 0 4 1 3,3 7 7 3 9 2 1 3 1 , , 5 5 0 2 9 6 1 3 4 . , 2 1 8 02 5 3 8 1 , .2 7 0 6 9 5 FF..RR.. nnootteess,, nneett 190,026 1111,,995599 6611,,449988 55,,006688 1122,,009988 1166,,550022 66,,881188 2266,,555511 55..660077 22..664477 88,,001177 1100..881177 22,444 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 173,924 Total collateral 190,026 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