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 February 26, 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.. 2255,, 119988**77 Feb. 18, 1987 Feb. 26, 1986 February 25, 1 Reserve Bank credit: '• * 219,024 - 2,955 + 20,183 216,786 U.S. government securities- Bought outright—system account 193,374 - 1,342 + 19,439 190,043 Held under repurchase agreements — — — ""— Federal agency obligations- Bought outright 7,719 — 474 7,719 Held under repurchase agreements — — — — Acceptances- Bought outright — — — —~ Held under repurchase agreements — — — -*-• Loans to depository institutions 614 - 131 424 1,239 Includes: seasonal borrowing of m 88 + 14 + 19 92 extended credit of 304 + 10 178 293 Float 511 - 320 648 935 Other F.R. assets 16,806 - 1,161 + 2,290 16,850 Gold stock li,059 — 31 11,059 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,667 +_ 14 + 520 17,679 Total factors supplying reserve funds 252,768 - 2,941 + 20,972 250,542 Currency in circulation** 206,490 - 519 + 15,296 206,247 Treasury cash holdings** • 459 — 121 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,208 - 63 - 2,714 4,151 Foreign 219 - 29 13 172 Service-related balances and adjustments 3 2,101 - 67 57 1,799 Other 399 + 26 26 640 Other F.R. liabilities and capital 6,421 +_ 178 + 178 6,214 Total factors, other than reserve balances, absorbing reserve funds 220,298 - 474 + 12,544 219,682 Reserve balances with F.R. Banks4 32,471 - 2,467 + 8,429 30,861 On February 25, 1987 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official t and international accounts were $ 168,348 million, £*tecreage of $ 366 million for the week. 1 Net of $ 4,920 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,369 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 8,250 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,392 million was with foreign official and international accounts. Includes $ 5ul million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1.799 million and adjustments of $ 302 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Chicago District) ** 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 AIL FEDERAL RESERVE RANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday, Wednesday. FFeebbrruuaarryy 2255,, 11998877 February 18, 1987 February 26, 1986 ASSETS Gold certificate account 11,059 — - 31 Special Drawing Rights certificate account 5,018 — + 300 Coin 579 - 2 - 7 Loans 1,239 + 793 + 557 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,719 — - 468 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright—Bills 96,446 - 5,252 + 12,949 Notes 67,673 — + 276 Bonds 2255,,992244 — ++ 948 Total bought outright* 119900,,004433 - 5,252 ++ 14,173 Held under repurchase agreements1 — — — Total U.S. government securities 190,043 - 5,252 + 14,173 Total loans and securities 199,001 _ 4,459 + 14,262 Items in process of collection (1,144] 6,682 - 4,673 + 94 Bank premises 666 «..» + 55 Other assets 3 16,184 __ 8 + 2,139 TOTAL ASSETS (1,144] 239,189 :r~ 9,142 + 16,8.12 LIABILITIES Federal Reserve notes 189,605 - 1,092 + 14,497 Deposits: Depository institutions 32,660 - 3,588 + 2,861 U.S. Treasury—general account 4,151 - 1,219 - 528 Foreign—official accounts 172 - 50 - 82 Other 640 + 161 + 215 Total deposits (1,144] 37,623 - 4,696 + 2,466 Deferred credit items 5,747 - 3,483 - 223 Other liabilities and accrued dividends4 2,126 + 110 «. 108 TOTAL LIABILITIES (1,144] 1 235,101 - 9,161 + 16,632 CAPITAL ACCOUNTS Capital paid in 1,910 + 16 + 111 Surplus 1,873 _- + 92 Other capital accounts 305 + 3 — 23 • 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 S -0- million was outstanding at the end of the latest statement week. 2 Net of $ 8,250million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 501 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 S 67 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. ** Estimated (Chicago District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, February 25, 1987 Acceptances and securities held under repurchase agreements are claaslfled aa maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations Loans Acceptances Holdings |Weekly changes Holdings |Weekly changes Within 15 days 1,231 8,656 4,139 301 + 17 16 days to 90 days 8. 43,970 3,428 640 - 7 91 days to 1 year 59,482 2,315 1,307 - 71 Over 1 year to 5 years 39,042 3,819 + 92 Over 5 years to 10 years 15,627 1,372 + 10 Over 10 years '23,266 280 - 41 Total 1,239 190,043 5,252 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 25, 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 11,059 703 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 579 33 18 23 43 90 62 39 33 24 47 46 121 Loans 1,239 33 600 51 1 25 13 141 16 11 131 210 7 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 ' — ~ — — — — — — — — — — — U.S. government securities: Bought outright-Bills 96.446 5,711 31.272 3.088 5.664 8.289 3,849 10,756 2,839 1,393 3,961 6,176 13,448 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 2 190,043 11,253 61.621 6,085 11,160 16.333 7.583 21,194 5.594 2,746 7,806 12,169 26,499 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 190.043 11,253 61.621 6.085 11.160 16.333 7.583 21,194 5.594 2,746 7,806 12,169 26,499 Total loans end securities 199.001 11,743 64.724 6,383 11.614 17.022 7,904 22,196 5,837 2,869 8,254 12,873 27,582 Items in process of collection 7,826 655 869 418 247 437 1,108 666 444 303 1,011 422 1,246 Bank premises 666 92 32 47 32 101 52 46 20 24 46 20 154 Other assets 3 16.184 157 3,387 602 788 802 1,082 4,678 405 394 572 1.063 1,894 Interdistrict settlement account -0- + 347 +3.720 - 928 + 191 - 267 + 806 +1,223 41 + 137 - 244 -1,328 -3,616 TOTAL ASSETS 240,333 14,404 77.360 7,138 13,879 19.605 11,724 30,898 7,224 3,985 10,500 14,095 29,521 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 $ 8,250 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S501 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. * Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (c) STATEMENT QF CONDITION OF EACH FEDERAL RESERVE BANK ON February 25, 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 189,605 11,951 62,135 4,932 12,220 15,953 7.060 26.526 5,560 2,705 7.947 10,606 22,010 Deposits: Depository institutions 32,660 1,814 8,007 1,513 1,038 2,796 3.477 2,814 1,064 759 1,257 2,605 5,516 U.S. Treasury-general account A.151 — 4.151 — — — — — — — — — — Foreign—official accounts 172 5 58 7 9 8 14 20 5 5 6 13 22 Other 640 1 523 3 — 20 1 80 — I 7 3 1 Total deposits 37.623 1,820 12,739 1,523 1,047 2,824 3,492 2,914 1,069 765 1,270 2.621 5,539 Deferred credit items 6,891 364 751 431 247 411 734 674 409 353 1,026 401 1,090 Other liabilities and accrued dividends 1 2,126 123 683 66 126 187 90 245 62 35 86 132 291 TOTAL LIABILITIES 236,245 14,258 76,308 6.952 13,640 19,375 11.376 30,359 7,100 3,858 10.329 13,760 28,930 CAPITAL ACCOUNTS Capital paid in 1,910 64 490 89 HI 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 305 21 96 11 17 26 12 36 8 5 9 19 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 240,333 14,404 77,360 7,138 13,879 19,605 11,724 30,898 7,224 3,985 10.500 14.095 29.521 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 233,765 14,667 67,654 8,036 14,204 19,844 12,804 29,020 7.373 3,447 11,424 14.038 31,254 Less-Held by F.R. Banks 44,160 2,716 5,519 3,104 1,984 3,891 5,744 2,494 1,813 742 3,477 3,432 9,244 F.R. notes, net 189,605 11,951 62,135 4,932 12,220 15,953 7,060 26,526 5.560 2.705 7,947 10,606 22,010 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 173,528 Total collateral 189,605 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis