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 March 5, 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 MMaarrcchh 44,, 11998877 Feb . 25, 1987 March 5, 1986 March 4, 1987 Reserve Bank credit:.1>* 220,358 + 1,291 + 20,701 219,837 U.S. government securities- Bought outright—system account 194,762 + 1,388 + 19,333 194,457 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 7,719 — 468 7,719 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 512 - 102 142 538 Includes: seasonal borrowing of 93 + 5 + 22 78 extended credit of 279 - 25 191 259 Float 636 + 92 + 279 260 Other F.R. assets 16,729 - - 88 + 1,699 16,863 Gold stock 11,059 — 31 11,059 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,681 + 14 + 525 17,693 Total factors supplying reserve funds 254,116 + 1,305 . + 21,495 253,607 - Currency in circulation** 206,289 201 + 14,992 206,813 Treasury cash holdings** 459 — 143 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,328 - 880 - 1,149 3,939 Foreign 244 + 25 42 249 Service-related balances and adjustments3 2,098 - 3 + 194 1,811 Other 522 + 123 + 71 417 Other F.R. liabilities and capital 6,164 . - 257 481 6,099 Total factors, other than reserve balances, r - - • * absorbing reserve funds 219,105 - 1,193 + 13,443 219,787 Reserve balances with F.R. Banks * 35,012 + 2,498 + 8,053 33,821 On March 5, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 170,010 million, an increase of $ 1,662 million for the week. 1 Net of $ 3,696 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,696 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ A, 141 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,141 million was with foreign official and international accounts. Includes $ 653 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,811 million and adjustments of $ 287 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. MMaarrcchh 44,, 11998877 February 25, 1987 March 5. 1966 ASSETS Gold certificate account 11,059 — 31 Special Drawing Rights certificate account 5,018 — + 300 Coin 577 - 2 10 Loans 538 - 701 14 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,719 — 468 Held under repurchase agreements'! — — — U.S. government securities: Bought outright—Bills 100,860 + 4,414 + 18,671 Notes 67,673 — + 276 Bonds 2255,,992244 — + 948 Total bought outright^ 119944,,445577 ++ ""4 ,414 + 19,895 Held under repurchase agreements1 — — — Total U.S. government securities 194,457 ++ ""4 ,414 + 19,895 Total loans and securities 202,714 + 3,713 + 19,413 Cash items in process of collection (1,219) 6,920 + 238 882 Bank premises 669 + 3 + 54 Other as8ets3 16,194 + 10 + 1,566 TOTAL ASSETS | (1.219) 243.151 + "3 ,962 + 20,410 LIABILITIES Federal Reserve notes 190,155 + 550 + 14,258 Deposits: Depository institutions 35,632, + 2,972 + 7.600 U.S. Treasury—general account 3,939 - 212 491 Foreign—official accounts 249 + 77 71 Other ( 21) 417 • - 223 + 27 Total deposits ( 21) 40,237 + 2,614 + 7,065 Deferred availability cash items (1,198) 6,660 + 913 503 Other liabilities and accrued dividends4 2,239 + 113 + 114 TOTAL LIABILITIES (1,219) 239,291 + "4 ,190 + 20,934 CAPITAL ACCOUNTS Capital paid in 1,914 + 4 + 114 Surplus 1,859 «_ 14 + 78 Other capital accounts —- 82 - 218 716 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 $ -0- million was outstanding at the end of the latest statement week. Net of $ 4,141 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $653 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special Investment: account at Chicago of $ 68 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, March 4, 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 524 — 10,498 + 1,842 78 - 223 16 days to 90 days 14 — 46,477 + 2,507 848 + 208 91 days to 1 year { — — 59,612 + 130 1,361 + 54 Over 1 year to 5 years — — 38,978 64 3,780 - 39 Over 5 years to 10 years — — 15,626 1 1,372 — Over 10 years — — 2233,,226666 — 228800 — Total 538 — 119944,,445577 + 4,414 77,,771199 «M- 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 March 4, 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 cert if. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 577 33 18 23 44 91 60 39 33 24 46 46 120 Loans 538 24 2 61 2 5 7 17 25 12 87 189 107 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 100,860 5,973 32,703 3,229 5,923 8,669 4,025 11,248 2,968 1,457 4,142 6,459 14,064 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 2 194,457 11,515 63,052 6,226 11,419 16,713 7,759 21,686 5,723 2,810 7,987 12,452 27,115 Held under repurchase agreements * — — — — — — — — — — — — — Total U.S. government securities 194,457 11,515 63,052 6,226 11,419 16,713 7,759 21,686 5,723 2,810 7,987 12,452 27,115 Total loans and securities 202,714 11,996 65,557 6,534 11,874 17,382 8,074 22,564 5,975 2,934 8,391 13,135 28,298 Items in process of collection 8,139 451 935 383 263 436 853 679 464 445 1,296 497 1,437 Bank premises 669 93 32 47 32 101 52 46 20 24 46 20 156 Other assets 3 16,194 514 3,331 694 775 794 1,058 4,696 402 390 607 1,043 1,890 Interdistrict settlement account -0- + 705 +1,848 - 704 + 513 - 556 + 908 +1,542 - 275 - 88 - 473 -1,603 -1,817 TOTAL ASSETS 244,370 14,809 76,331 7,570 14,465 19,668 11,715 31,616 7,145 3,963 10,727 14,137 32,224 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 $ 4141 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 653 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 $ 68 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 March 4, 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 190,155 12,104 62,147 4,905 12,308 16,108 7,024 26,786 5,580 2,664 7,984 10,671 21,874 Deposits: Depository institutions 35,632 1,999 7,343 1,934 1,498 2,630 3,365 3,355 966 691 1,222 2,470 8,159 U.S. Treasury-general account 3,939 3,939 Foreign—official accounts 249 5 136 7 9 8 14 20 4 5 6 13 22 Other 438 1 241 2 1 75 2 102 1 9 3 1 Total deposits 40,258 2,005 11,659 1,943 1,508 2,713 3,381 3,477 971 696 1,237 2,486 8,182 Deferred credit items 7,858 443 843 358 304 446 891 583 415 447 1,260 537 1,331 Other liabilities and accrued dividends 1 2,239 122 673 188 122 185 86 266 61 35 84 130 287 TOTAL LIABILITIES 240,510 14.674 75,322 7,394 14,242 19,452 11,382 31,112 7,027 3,842 10,565 13,824 31,674 CAPITAL ACCOUNTS Capital paid in 1,914 64 490 89 112 103 169 253 58 61 81 158 276 Surplus 1,859 61 466 86 111 101 161 251 58 57 81 155 271 Other capital accounts 87 10 53 1 -0- 12 3 -0- 2 3 -0- -0- 3 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 244,370 14,809 76,331 7,570 14,465 19,668 11,715 31,616 7,145 3,963 10,727 14,137 32,224 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 234,707 14,786 68,090 8,093 14,290 19,940 12,742 29,238 7,343 3,437 11,390 14,132 31,226 Less-Held by F.R. Banks 44,552 2,682 5,943 3,188 1,982 3,832 5,718 2,452 1,763 773 3,406 3,461 9,352 F.R. notes, net 190,155 1122,,110044 6622,,114477 44,,990055 1122,,330088 1166,,110088 77,,002244 2266,,778866 55,,558800 22,,666644 77,,998844 1100,,667711 21,874 Collateral held against F.R. notes: Gold certificate account 11,059 Special Drawing Rights cert if. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 174,078 Total collateral 190,155 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