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 19, 1987 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaaWWllrrttss?? Change from week ended Wednesday March 11, 1987 March ^-1986 March 18, 1987 Reserve Bank credit: 1 2 221,281 Z 656~~ + 21,935 220,131 U.S. government securities- Bought outright—system account 195,388 - 146 + 21,497 194,182 Held under repurchase agreements 349 - 657 + 349 231 Federal agency obligations- Bought outright 7,719 — 468 7,719 Held under repurchase agreements 99 - 38 + 99 107 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 502 + 83 256 420 Includes: seasonal borrowing of 86 + 14 + 18 96 extended credit of 274 + 3 254 228 Float 378 - 57 241 387 Other F.R. assets 16,846 + 159 + 956 17,085 Gold stock 11,084 + 3 6 11,084 Special Drawing Rights certificate account 5.018 — + 300 5,018 Treasury currency outstanding 17,709 + 14 + 525 17,721 Total factors supplying reserve funds 255,093 - 638 + 22,755 253,954 Currency in circulation* 207,746 + 453 + 14,945 207,740 Treasury cash holdings* 459 — 146 459 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,255 - 136 + 211 2,437 Foreign 208 - 29 56 190 Service-related balances and adjustments3 2,147 + 104 + 429 1,809 Other 468 + 69 222 498 Other F.R. liabilities and capital 6,348 -l- 168 + 164 6,140 Total factors, other than reserve balances, absorbing reserve funds 220,632 + 630 + 15,326 219,273 Reserve balances with F.R. Banks4 34,461 - 1,268 + 7,428 34,682 On March 18, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 169,898 million, an increase of $ 1,934 million for the week. 1 Net of $ 3,463 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,463 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,769 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,769 million was with foreign official and international accounts, includes $ 116 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,809 million and adjustments of $ 338 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 Wednesday Wednesday, Wednesday, March 18, 1987 March 11, 1987 March 19, 1986 ASSETS Gold certificate account 11,084 1 6 Special Drawing Rights certificate account 5,018 + 300 Coin 579 + 1 3 Loans 420 35 282 Acceptances- Held under repurchase agreements Federal agency obligations- 7,719 — - 468 Bought outright 107 - 365 + 107 Held under repurchase agreements1 U.S. government securities: 100,585 - 1,877 4-18,993 Bought outright—Bills 67,673 — + 276 Notes 2255,,992244 — + 948 Bonds 119944,,118822 - 1,877 +20,217 Total bought outright2 231 - 3,050 + 231 Heid under repurchase agreements1 194,413 - 4,927 +20,448 Total U.S. government securities 202,659 - 5,327 +19,805 Total loans and securities (1167) 6,744 + 799 130 Items in process of collection 674 + 1 + 56 Bank premises 16,411 - 35 + 1,595 Other assets 3 (1167) 243,169 - 4,562 +21,567 TOTAL ASSETS LIABILITIES Federal Reserve notes 191,056 88 +14,321 Deposits: Depository institutions 36,491 - 4,944 + 6,338 U.S. Treasury—general account 2,437 278 + 997 Foreign—official accounts 190 6 58 Other 498 + 86 30 Total deposits 39,616 - 5,142 + 7,247 Deferred credit items (1167) 6,357 + 780 165 Other liabilities and accrued dividends4 2,025 121 28 TOTAL LIABILITIES (1167) 239,054 - 4,571 +21,375 CAPITAL ACCOUNTS Capital paid in 1,913 + 97 Surplus 1,874 + 1 + 93 Other capital accounts 328 + 8 + 2 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 $ ~°- million was outstanding at the end of the latest statement week. Net of $ 4,769 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 116 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 $ 63 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 18, 1987 Acceptances and securities held under repurchase agreements are classified aa 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 I 412 — 9,863 - 4,419 474 - 110 16 days to 90 days 8 — 49,360 + 1,789 554 - 182 91 days to 1 year — 57,319 - 2,297 1,363 73 Over 1 year to 5 years — — 38,978 — 3,825 — Over 5 years to 10 years — V — 15,627 — 1,330 — Over 10 years ~" — 23,266 — 280 — Total 420 194,413 4,927 7,826 365 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 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 11,084 703 3,146 431 650 959 507 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 35 19 24 46 92 57 39 33 24 47 45 118 Loans 420 29 2 58 5 11 9 24 14 11 40 210 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 1 107 ~ 107 — — — — — — ~ — — — U.S. government securities: Bought outright-Bills 100,585 5,956 32,614 3,221 5,907 8,645 4,014 11,218 2,960 1,453 4,131 6,441 14,025 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 2 194,182 11,498 62,963 6,218 11,403 16,689 7,748 21,656 5,715 2,806 7,976 12,434 27,076 Held under repurchase agreements 1 231 ~ 231 — — — — ' — — — — — . — Total U.S. government securities 194,413 11,498 63,194 6,218 11,403 16,689 7,748 21,656 5,715 27805 7,976 12,434 27,076 Total loans and securities 202,659 11,984 65,806 6,523 11,861 17,364 8,065 22,541 5,956 2,929 8,333 13,138 28,159 Items in process of collection 7,911 419 1,313 358 328 507 712 639 489 390 1,087 463 1,206 Bank premises 674 93 32 47 32 101 54 48 20 24 47 20 156 Other assets 3 16,411 530 3,521 594 796 819 1,068 4,708 411 409 574 1,066 1,915 Interdistrict settlement account -0- + 1,104 + 1.775 - 863 + 564 - 780 + 1,496 + 1,668 - 221 88 - 211 - 1,975 - 2,469 TOTAL ASSETS 244,336 15,182 77,101 7,276 14,591 19,523 12,162 31,693 7,214 3,922 10.691 13,756 31,225 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 $ 4,769 million matched sale-purchase transactions outstanding at the end of the latest statement Week. Includes $ 116 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 $ 63 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 18» l987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 191,056 12,182 62,308 4,962 12,452 15,974 6,964 27,215 5,592 2,651 8,033 10,722 22,001 Deposits: Depository institutions , 36.491 2,345 8,907 1,710 1,453 2,665 4,029 3,039 1,019 709 1,318 2,114 7,183 U.S. Treasury-general account 2.437 2,437 Foreign—official accounts 190 5 76 7 9 8 14 20 5 5 6 13 22 Other 498 368 1 t 36 1 84 4 2 1 Total deposits 39,616 2,350 11,788 1,718 1,463 2,709 4,044 3,143 1,024 714 1,328 2,129 7,206 Deferred credit items 7,524 386 1,288 340 318 440 718 556 414 396 1,075 443 1,150 Other liabilities and accrued dividends 1 2,025 119 643 68 119 170 84 237 61 35 84 127 278 TTOOTTAALL LLIIAABBIILLIITTIIEESS '' 240,221 15.037 76,027 7,088 14.352 19,293 11,810 31,151 7,091 ' 3,796 10,520 13.421 30,635 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,913 64 489 89 111 103 170 254 58 61 80 158 276 SSuurrpplluuss 1,874 61 466 87 111 101 168 251 58 61 81 158 271 OOtthheerr ccaappiittaall aaccccoouunnttss 328 20 119 12 17 26 14 37 7 4 10 19 43 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 244,336 15,182 77,101 7,276 14,591 19,523 12.162 31,693 7,214 3,922 10,691 13,756 31,225 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 235,925 14,913 68,561 8,185 14,405 19,876 12,754 29,546 7,368 3,413 11,329 14,168 31,407 Less-Held by F.R. Banks 44,869 2,731 6,253 3,223 1,953 3,902 5,790 2,331 1,776 762 3,296 3,446 9,406 F.R. notes, net 191,056 1122,,118822 6622,,330088 44,,996622 1122,,445522 1155,,997744 66,,996644 2277,,221155 55,,559922 22,,665511 88..003333 1100,,772222 22,001 Collateral held against F.R. notes: Gold certificate account 11,084 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 174,954 Total collateral 191,056 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