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 29, 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 JJaannuuaarryy 2288,, January , ^ ~| January^, " ] January 28, 11QQAA77 Reserve Bank credit:1-2 234,192 + 6,711 + 25,834 234,730 U.S. government securities-* Bought outright—system account 200,250 - 339 + 21,346 201,565 Held under repurchase agreements 3,126 + 2,338 + 86 2,847 Federal agency obligations- Bought outright 7,719 - 79 - 508 7,719 Held under repurchase agreements 679 + " 615 - 196 723 Acceptances— Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 979 •f 581 + 138 3,923 Includes:'seasonal borrowing of 37 + 3 - 9 38 extended credit of 235 + 17 - 305 237 Float ! 4,303 + 3,273 + 3,324 756 Other F.R. assets 17,135 + 321 + 1,643 17,197 Gold stock ! 11,075 - 9 _ 15 11,075 Special Drawing Rights certificate account 5,018 + 300 5,018 Treasury currency outstanding 17,611 + 14 + 518 17,623 Total factors supplying reserve funds 267,896 + 6,716 + 26,637 268,446 Currency in circulation** 205,945 _ 1,033 + 15,091 205,643 Treasury cash holdings** 459 — - 96 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 16,853 + 7,551 - 634 17,744 Foreign 230 + 13 — 236 Service-related balances and adjustments 3 2,183 - 85 + 341 1,804 Other 460 + 66 + 17 517 Other F.R. liabilities and capital 6,451 + 91 + 62 6,303 Total factors, other than reserve balances, absorbing reserve funds 232,582 + 6,604 + 14,783 1 232,706 Reserve balances with F.R. Banks « 35,314 + 112 + 11,853 35,740 On January 28, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 163,606 million, adecrease of $ 1,443 million for the week. 1 Net of $ 3,167 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,167 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 1,852 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,852 million was with foreign official and international accounts. Includes $ 946 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,804 million and adjustments of $ 379 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 WWeeddnneessddaayy Wednesday^ 1 Wednesday, [[JJaannuuaarryy 2288,, 11998877 January 21 1987 January 29, 1986 : ASSETS 11,075 9 15 Gold certificate account 5,018 + 300 Special Drawing Rights certificate account 545 + 15 15 Coin 3,923 + 3,541 + 3,154 Loans Acceptances- Held under repurchase agreements Federal agency obligations— 7, 719 508 Bought outright 723 + 520 45 Held under repurchase agreements1 U.S. government securities: 107, ,715 - 467 + 21,949 Bought outright—Bills 68, ,126 + 479 Notes 25, ,724 — •f 998 Bonds 201 ,565 - 467 + 23,426 Total bought outright* 2 ,847 + 441 + 283 Held under repurchase agreements1 204, 412 - 26 + 23,709 Total U.S. government securities 216 ,777 + 4,035 + 26,310 Total losns and securities (1,235) 6 ,674 - 5,302 + 83 Items in process of collection 660 - 3 + 50 Bank premises 16f 537 + 282 + 1,518 Other assets3 (1,235) 257,286 982 28,231 TOTAL ASSETS LIABILITIES Federal Reserve notes 189,024 1,002 14,471 Deposits: Depository institutions -. 37,544 + 1, 924 + 12,659 U.S. Treasury—general account 17,744 + 2 ,002 + 667 Foreign—official accounts 236 - 4 + 8 Other 517 + 187 + 151 Total deposits 56,041 + ~ ,109 -r 13,485 Deferred credit items (1,235) 5,918 -• 4 ,235 + 114 Other liabilities and accrued dividends4 2,252 + 147 + 21 TOTAL LIABILITIES (1.235) 253,235 - 981 + 28,091 CAPITAL ACCOUNTS Capital paid In 1,877 + 1 + 88 Surplus 1,874 + 1 + 93 Other capital accounts 300 - 3 - 41 Figures In parentheses are the eliminations made In the consolidating process. Does not include U.S. government and federal agency aacurltlaa resold under matchad saie-purcheae transactions to foreign official and International accounta of which $ 2,504 million was outstanding at the and of the latest atatement weak. Net of $1 >852 million matched sale-purchase transactions outstanding at the end of the latest statement weak. Includes $946 million securities loaned—fully secured by U.S. government aacurltlaa. Includes assets denominated In foreign currencies, revalued monthly at market exchange rates. Includae epeclat investment account at Chicago of % 66 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 28, 1987 Acceptances and aacurltlaa held under repurchase agraernanta are claaalfiad aa maturing wtthln 16 days m accordance with maximum maturity of the agreements. Loans Acceptances U.S. government securities Federal agency obligations Holdings |Wookly changes Holdings [Weekly changes Within 15 days 3,920 13,726 - 2,768 907 541 16 days to 00 daya 3 53,124 + 76 801 61 01 days to 1 year 62,581 + 2,666 1,338 20 Over 1 year to 5 years . 36,484 3,733 15 Over 5 years to 10 years Over 10 years 15,431 1,305 5 Total 3,923 2 2 0 3 4 , , 0 4 6 1 6 2 26 8, 3 4 5 4 8 2 + 520 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA1 (b) STATEMENT OF CONDITION OF EACH FEOERAL RESERVE BANK ON Jam""Tr 28, 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 c n is co ASSETS Gold certificate account 11,075 703 3,137 431 650 959 507 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 1 545 28 18 21 39 90 58 37 30 22 45 44 113 Loans 3,923 15 3,044 133 30 144 77 46 8 8 101 156 161 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 agreements 1 723 — 723 — — — — — — — — — U.S. government securities: Bought outright-Bills 107,715 6,379 34,926 3,449 6,326 9,258 4,298 12,012 3,170 1.556 4.424 6,897 15,020 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 2 201,565 11,936 65.357 6,454 11,837 17,324 8,042 22,479 5.932 2.912 8,279 12,907 28,106 Meld under repurchase agreements * 2,847 — 2,847 — -- — — -- — — — __ — Total U.S. government securities 204,412 11,936 68,204 6,454 11,837 17,324 8.042 22,479 5.932 2,912 8.279 12,907 28,106 Total loans tn6 tecurillat 1 216,777 12,408 74,474 6,834 12,320 18,132 8,427 23,386 6.167 3.032 8.697 13,557 29,343 Items in process of collection 7,909 589 985 530 369 539 750 623 325 366 1,048 543 1,242 Bank premises 660 32 47 32 99 51 43 20 24 46 20 154 Other assets 3 16,537 i 5 9 4 2 4 3,701 583 803 863 1,047 4,656 412 380 576 1,052 1,920 Interdistrict settlement account -0- - 472 +12,253 -1,652 - 844 -2,089 7 + 75 - 223 + 15 - 749 -2,084 •4,223 TOTAL ASSETS 258,521 14,206 96,089 6,956 13,683 19.054 11,036 30,870 7.257 4,073 10,477 14,131 30,689 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 $ 2,504 million was outstanding at the end of the latest statement week. 2 Net of $ l *852 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 94* 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 $ 66 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.t(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 28. 1987 Millions of dollars Kansas San Total 1 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 189.024 11.753 61.481 4.985 12,083 16.417 6,956 26.334 5.581 2,723 7,978 10.673 22.060 Deposits: Depository institutions 37,544 1,742 13.661 1.240 921 1.742 2.945 3,053 1.090 808 1,181 2.491 6,670 U.S. Treasury-general account 17.744 17.744 Foreign-official accounts 236 5 122 7 9 8 14 20 5 5 6 13 22 Other 517 1 378 2 1 27 1 83 2 17 3 2 Total deposits 56,041 1.748 31,905 1.249 931 1,777 2,960 3,156 1.095 815 1.204 2,507 6,694 Deferred credit items 7,153 434 939 469 273 439 685 587 393 374 1,033 478 1.049 Other liabilities and accrued dividendsT 2.252 128 734 71 156 193 90 253 64 35 90 138 300 TOTAL LIABILITIES 254,470 14,063 95,059 6,774 13,443 18,826 10,691 30,330 7,133 3.947 10,305 13.796 30.103 CAPITAL ACCOUNTS Capital paid in 1.877 63 467 87 111 102 166 252 58 61 81 158 271 Surplus 1.874 61 467 86 HI 101 168 251 58 61 81 158 271 Other capital accounts 300 19 96 9 18 25 11 37 8 • 4 10 19 44 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 258,521 14.206 96.089 6,956 13.683 19,054 11.036 30.870 7,257 4.073 10,477 14,131 30,689 FEDERAL RESERVE AGENTS' ACCOUNTS j F.R. notes outstanding 231,326 14,318 66.566 7,791 13,905 19.879 12.531 28.784 7,384 3,442 11,495 14.060 31,171 Less-Held by F.R. Banks 42,302 2,565 5.085 2,806 1.822 3,462 5,575 2,450 1,803 719 3.517 3.387 9,111 F.R. notes, net 189.024 1111..775533 6611..448811 44,,998855 1122..008833 1166..441177 66,,995566 2266,,333344 55..558811 22,,772233 77..997788 1100,,667733 22,060 Collateral held against F.R. notes: Gold certificate account 11.075 Special Drawing Rights certif. ace 5.018 Other eligible assets -0- U.S. govt, and agency securities 172,931 Total collateral 189.024 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