H.4.1 Factors Affecting Reserve Balances of Depository Institutions

,oL£pw-V FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •:^LRE' 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 12, 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 1111,, 119988)) March 4, 1987 March 12, 198/ March 11, 198 Reserve Bank credit: 1 2 221,948 + 1,590 + 21,810 225,477 U.S. government securities- Bought outright—system account 195,534 + 772 + 21,113 196,059 Held under repurchase agreements 1,006 + 1,006 + 417 3,281 Federal agency obligations- Bought outright 7,719 — 468 7,719 Held under repurchase agreements 137 + 137 + 25 472 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 419 - 93 335 455 Includes: seasonal borrowing of 72 - 21 + 14 75 extended credit of 271 - 8 208 287 Float 448 • - 188 313 404 Other F.R. assets 16,686 - 43 + 1,372 17,087 Gold stock 11,081 + 22 9 11,085 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,695 + 14 + 525 17,707 Total factors supplying reserve funds 255,742 + 1,626 + 22,626 259,287 Currency in circulation** 207,293 + 1,004 + 14,887 207,814 Treasury cash holdings** 459 — 144 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,391 + 63 105 2,715 Foreign 237 - 7 9 196 Service-related balances and adjustments3 2,043 - 54 61 1,810 Other 399 - 123 11 412 Other F.R. liabilities and capital 6,180 +_ 16 420 6,252 Total factors, other than reserve balances, absorbing reserve funds 220,002 + 898 -1- 14,137 219,658 Reserve balances with F.R. Banks4 35,740 + 727 + 8,489 39,629 On March 11, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 167,964 million, a decrease of $ 2,046 million for the week. 1 Net of $ 3,193 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,193 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,739 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,739 million was with foreign official and international accounts. Includes $ 400 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,810 million and adjustments of $ 233 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (St. Louis 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 ALL FEDERAL RESERVE BANKS Millions of dollars **** Change since ** WWeeddnneessddaayy Wednesday Wednesday MMaarrcchh 1111,, 11998877 March 4, 1987 March 12. 1986 ASSETS Gold certificate account 11,085 + 26 - 5 Special Drawing Rights certificate account 5,018 — + 300 Coin 578 + 1 - 4 • Loans 455 - 83 - 1,249 Acceptances- Held under repurchase agreements — — Federal agency obligations- Bought outright 7,719 — - 468 Held under repurchase agreements 1 472 + 472 - 314 U.S. government securities: Bought outright—Bills 102,462 + 1,602 + 20,374 Notes 67,673 + 276 Bonds 25,924 — + 948 Total bought outright2 196,059 + 1,602 + 21,598 Held under repurchase agreements'! a, 281 + 3,281 _ 843 Total U.S. government securities 199,340 + 4,883 + 20,755 Total loans and securities 207,986 + 5,272 __ 18,724 Cash items in process of collection (993) 5,967 953 1,318 Bank premises 673 + 4 4- 56 Other assets 3 16,414 + 220 + 1,282 TOTAL ASSETS (993) 247,721 + 4,570 + 19,035 -• LIABILITIES Federal Reserve notes 191,144 + 989 + 14,324 Deposits: Depository institutions 41,439 + 5,807 + 5,205 U.S. Treasury—general account 2,715 - 1,224 _ 156 Foreign—official accounts 196 - 53 _ 42 Other 412 - 5 + 4 Total deposits 44,762 + 4,525 + 5,011 Deferred availability cash items (993) 5,563 _ 1,097 _. 468 Other liabilities and accrued dividends4 2,146 — 93 + 2 TOTAL LIABILITIES | (993) 243,615 +" 4,324 + 18,869 CAPITAL ACCOUNTS Capital paid in 1,913 - 1 + 112 Surplus 1,873 + 14 + 92 Other capital accounts 320 + 233 - 38 * 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 $l, 789 million was outstanding at the end of the latest statement week. 2 Net of $ 2,739 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 400 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. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. ** Estimated (St. Louis District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 11, 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 441 14,282 + 3,784 584 + 506 16 days to 90 days 11 — 47,571 + 1,094 736 - 112 91 days to 1 year — — 59,616 + 4 1,436 + 75 Over 1 year to 5 years — — 38,978 — 3,825 + 45 Over 5 years to 10 years — 15,627 + 1 1,330 - 42 Over 10 years 2233,,226666 — 228800 Total **5555~~ 119999,,334400 + 4,883 88,,119911 + 472 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 11, 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 11,085 703 3,147 431 650 959 507 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 578 35 18 24 45 92 58 40 33 23 46 46 118 Loans 455 47 3 33 2 5 — 20 24 10 92 213 6 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 1 472 — 472 — — — — — — — — — — U.S. government securities: Bought outright-Bills 102,462 6,068 33,222 3 ,281 6,017 8,806 4,089 11,427 3,016 1,480 4,208 6,561 14,287 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 2 196,059 11,610 63,571 6 ,278 11,513 16,850 7,823 21,865 5,771 2,833 8,053 12,554 27,338 Held under repurchase agreements 1 3,281 __ 3,281 — — ~ — — — — — — — Total U.S. government securities 199,340 11,610 66,852 6~, 278 11,513 16,850 7,823 21,865 5,771 2,833 8,053 12,554 27,338 Total loans and securities 207,986 12,114 69,830 6 ,558 11,968 17,519 8,131 22,746 6,022 2,955 8,462 13,261 28,420 Items in process of collection 6,960 438 829 397 270 414 673 578 413 325 1,050 472 1,101 Bank premises 1 673 92 33 47 32 101 53 48 20 24 47 20 156 Other assets 3 ! 16,414 i 519 3,629 581 786 807 1,063 4,704 408 388 572 1,056 1,901 Interdistrict settlement account -0- !+ 448 + 1,295 - 823 + 444 - 863 + 1,313 + 1,807 80 + 64 - 216 - 1,343 - 2,046 TOTAL ASSETS 248,714 14,663 80,270 7 ,377 14,509 19,490 12,001 31,973 7,342 4,013 10,775 14,511 31,790 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 $ 1,789 million was outstanding at the end of the latest statement week. 2 Net of $ 2,739 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 400 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 (St. Louis District). 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 11, 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 LIABILITIES Federal Reserve notes 191,144 12,144 62,207 4,969 12,450 16,084 77,,114455 2277,,009922 55,,559933 22,,667755 88,,003388 1100,,772266 22,021 Deposits: Depository institutions 41,439 1,886 12,515 1,819 1,412 2,5J5 33,,776600 33,,441199 11,,119955 882222 11,,443322 22,,990011 7,723 U.S. Treasury-general account 2,715 2,715 Foreign-official accounts 196 5 82 7 9 8 1144 2200 55 55 66 1133 22 Other 412 234 2 1 r>2 11 111122 55 33 2 Total deposits 44,762 1,891 15,546 1,828 1,4-22 2,615 33,,777755 33,,555511 11772200((33 882277 11,,444433 22,,991177 7,747 Deferred credit items 6,556 362 738 325 275 3 77 664488 553388 336633 335522 11,,003388 440077 1,133 Other liabilities and accrued dividends 1 2,146 121 705 70 122 183 8888 225544 6600 3344 8844 113300 295 TTOOTTAALL LLIIAABBIILLIITTIIEESS 244,608 14,518 79,196 7,192 14,269 19,259 11,656 31,435 7,216 3,888 10,603 14,180 31.196 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,913 64 489 89 111 103 170 253 58 61 81 158 276 SSuurrpplluuss 1,873 61 466 86 111 101 168 251 58 61 81 158 271 OOtthheerr ccaappiittaall aaccccoouunnttss 320 20 119 10 27 7 34 10 3 10 15 47 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDDCCAAPPIITTAALL AACCCCOOUUNNTTSS 248,714 14,663 80,270 7,377 14,509 19,490 12,001 31,973 7,342 4,013 10,775 14,511 31,790 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 235,413 14,801 68,406 8,115 14,347 19,879 12,781 29,430 7,386 3,426 11,355 14,148 31,339 Less-Held by F.R. Banks 44,269 2,657 6,199 3,146 1,897 3,795 5,636 2,338 1,793 751 3,317 3,422 9,318 F.R. notes, net 191,144 1122,,114444 6622,,220077 44,,996699 1122,,445500 1166,,008844 77,,114455 2277,,009922 55,,559933 22,,667755 88,,003388 1100,,772266 22,021 Collateral held against F.R. notes: Gold certificate account 11,085 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 175,041 Total collateral 191,144 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (St. Louis District), Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis