H.4.1 Factors Affecting Reserve Balances of Depository Institutions

of cow* FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ML RE' 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 February 19, 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 FFeebb.. 1188,, 11998877 Feb. 11, 1987 Feb. 19, 1986 Feb. 18, 1987 Reserve Bank credit: '•2 221,979 + 676 + 21,800 222,443 U.S. government securities- Bought outright—system account 194,716 - 22 + 20,182 195,295 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 7,719 — - 476 7,719 Held under repurchase agreements — — — — Acceptances— Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 745 + 344 - 416 446 Includes: seasonal borrowing of 74 + 14 + 12 74 extended credit of 294 + 12 - 235 298 Float 831 + 301 - 215 2,125 Other F.R. assets 17,967 + 53 + 2,724 16,858 Gold stock 11,059 - 1 - 31 11,059 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,653 +_ 14 +_ 520 17,665 Total factors supplying reserve funds 255,709 + 689 + 22,589 256,185 Currency in circulation* 207,009 + 569 + 15,298 207,323 Treasury cash holdings* 459 — - 117 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,271 + 439 - 1,896 5,370 Foreign 248 + 46 + 41 222 Service-related balances and adjustments3 2,167 - 1,559 + 281 1,799 Other 373 - 32 - 101 479 Other F.R. liabilities and capital 6,243 - 730 +_ 126 6,085 Total factors, other than reserve balances, absorbing reserve funds 220,771 - 1,266 + 13,633 221,737 Reserve balances with F.R. Banks * 34,939 + 1,956 + 8,957 34,449 On February 18, 1987 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 168,714 million, an increase of $ 2,039 million for the week. 1 Net of $ 3,788 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,788 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,998 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,998 million was with foreign official and international accounts. Includes $ 613 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,799 million and adjustments of $ 368 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, February 18, 1987 February 11, 1987 February 18, 1986 ASSETS Gold certificate account J 11,059 - 1 - 31 Special Drawing Rights certificate account 5,018 — + 300 Coin 581 + 2 - 1 Loans 446 - 6 - 160 Acceptances- Held under repurchase agreements — — ~ Federal agency obligations- Bought outright 7,719 — — Held under repurchase agreements'! — — - 476 U.S. government securities: Bought outright—Bills 101,698 + 1,173 + 19,060 Notes 67,673 - 200 + 276 Bonds 25,924 + 200 + 948 Total bought outright2 195,295 + 1,173 + 20,284 Held under repurchase agreements1 — — — Total U.S. government securities 195,295 + 1,173 + 20,284 Total loans and securities 203,460 + 1,167 + 19,648 Items in process of collection (1,566) 11,355 + 5,722 - 1,785 Bank premises 666 + 1 + 54 Other assets 3 16,192 _ 1,183 + 2,158 TOTAL ASSETS (1,566) 248,331 + 5,708 + 20,343 LIABILITIES Federal Reserve notes 190,697 + 469 + 14,717 Deposits: Depository institutions 36,248 - 607 + 7,632 U.S. Treasury—general account 5,370 + 1,829 - 1,908 Foreign—official accounts 222 + 45 - 1 Other 479 + 77 - 62 Total deposits 42,319 + 1,344 + 5,661 Deferred credit items (1,566) 9,230 + 3,934 - 189 Other liabilities and accrued dividends4 2,016 - 48 - 28 TOTAL LIABILITIES (1,566) 244,262 + 5,699 + 20,161 CAPITAL ACCOUNTS Capital paid in 1,894 + 9 + 101 Surplus 1,873 — + 92 Other capital accounts 302 -*— ~" 11 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 S 1,466 million was outstanding at the end of the latest statement week. Net of $ 2,998 million matched sale-purchase transactions outstanding at the end of the lateat statement week. Includes $ 613 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $67 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, February 18, 1987 Acceptances and securities held under repurchase agreements are classified as maturing within 15 daya in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations Loans Acceptances Holdings [Weekly changes Holdinga [Weekly changes" Within 15 days 434 12,795 1,228 284 223 16 days to 90 days 12 47,398 2,627 647 223 91 days to 1 year 57,167 3,273 1,378 Over 1 year to 5 years 39,042 + 2,651 3,727 Over 5 years to 10 years 15,627 + 196 1,362 Over 10 years 23,266 + 200 321 Total 446 195,295 1,173 7,719 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 February 18, 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 11,059 703 3,121 431 650 959 507 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 581 32 18 23 43 91 64 39 32 24 47 47 121 Loans 446 2 11 57 2 15 1 17 13 6 108 212 2 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 ~ — — — — — — — — — — — — U.S. government securities: Bought outright-Bills 101,698 6,022 32,975 3,256 5,972 8,741 4,058 11,342 2,993 1,469 4,177 6,513 14,180 Notes 67,673 4,007 21,943 2,167 3,974 5,816 2,700 7,547 1,992 978 2,780 4,333 9,436 Bonds 25,924 1,535 8,406 830 1,522 2,228 1,034 2,891 763 375 1,065 1,660 3,615 Total bought outright 2 195,295 11,564 63,324 6,253 11,468 16,785 7,792 21,780 5,748 2,822 8,022 12,506 27,231 Held under repurchase agreements 1 — — — — — — — — — — — — Total U.S. government securities 195,295 11,564 63,324 6,253 11,468 16,785 7,792 21,780 5,748 2,822 8,022 12,506 27,231 Total loans and securities 203,460 12,023 65,838 6,557 11,923 17,464 8,101 22,658 5,988 2,940 8,447 13,212 28,309 Items in process of collection 12,921 923 1,579 813 612 702 1,381 1,272 656 601 1,508 792 2,082 Bank premises 666 92 32 47 32 101 51 46 20 24 46 20 155 Other assets 3 16,192 562 3,318 586 777 800 1,084 4,668 401 391 565 1,050 1,990 Interdistrict settlement account -0- + 153 +7,949 - 891 - 219 -1,199 + 362 + 697 - 386 + 70 - 573 -2,043 -3,920 TOTAL ASSETS 249,897 14,802 83,344 7,728 14,132 19,379 11,753 31,430 7,237 4,284 10,854 14,077 30,877 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 $ 1,466<nillion was outstanding at the end of the latest statement week. 2 Net of $ 2,998 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 613 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 $ 67 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 February 18, 1987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 190,697 11,980 62,393 5,029 12,216 16,247 6,837 26,690 5,583 2,683 7,962 10,606 22,471 Deposits: Depository institutions 36,248 1,957 12,159 1,715 1,067 2,123 3,428 2,944 895 817 1,180 2,371 5,592 U.S. Treasury—general account 5,370 — 5,370 — — — — — — — — — — Foreign-official accounts 222 5 108 7 9 8 14 20 5 5 6 13 22 Other 479 — 352 2 1 22 1 84 1 1 7 5 3 Total deposits 42,319 1,962 17,989 1,724 1,077 2,153 3,443 3,048 901 823 1,193 2,389 5,617 Deferred credit items 10,796 600 1,285 725 480 571 1,041 919 572 619 1,445 621 1,918 Other liabilities and accrued dividends 1 2,016 117 638 63 120 178 85 234 57 33 82 126 283 TOTAL LIABILITIES 245,828 14,659 82,305 7,541 13,893 19,149 11,406 30,891 7,113 4,158 10,682 13,742 30,289 CAPITAL ACCOUNTS Capital paid in 1,894 64 474 89 111 103 168 252 58 61 81 158 275 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 302 18 99 12 17 26 11 36 8 4 10 19 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 249,897 14,802 83,344 7,728 14,132 19,379 11,753 31,430 7,237 4,284 10,854 14,077 30,877 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 233,573 14,607 67,866 8,060 14,148 19,949 12,388 29,068 7,285 3,444 11,406 13,914 31,438 Less-Held by F.R. Banks 42,876 2,627 5,473 3,031 1,932 3,702 5,551 2,378 1,702 761 3,444 3,308 8,967 F.R. notes, net 190,697 11,980 62,393 5,029 12,216 16,247 6,837 26,690 5,583 2,683 7,962 10,606 22,471 Collateral held against F.R. notes: Gold certificate account 11,059 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 174,620 Total collateral 190,697 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