H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•pOjcgv. FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •.f*^? 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 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 llaarrcchh 2255,, 11998877 March 18, 1987 March 26, 1986J March 25, 1987 Reserve Bank credit: 1 2 221,091 - 190 + 22,215 220,344 U.S. government securities- Bought outright—system account 195,389 + 1 + 21,923 194,544 Held under repurchase agreements ~ - 349 375 — Federal agency obligations- Bought outright 7,719 — 468 7,719 Held under repurchase agreements — - 99 148 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 553 + 51 227 573 Includes: seasonal borrowing of 105 + 19 + 35 106 extended credit of 251 - 23 290 280 Float 366 - 12 + 135 249 Other F.R. assets 17,065 + 219 + 1,375 17,259 Gold stock 11,083 - 1 7 11,083 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,723 + 14 + 525 17,735 Total factors supplying reserve funds 254,915 - 178 + 23,033 254,180 Currency in circulation* 207,318 - 386 + 14,849 207,331 Treasury cash holdings* 508 + 7 106 516 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,865 - 390 745 2,953 Foreign 254 + 46 12 226 Service-related balances and adjustments 3 1,975 - 170 + 218 1,807 Other 423 - 45 4 610 Other F.R. liabilities and capital 6,429 + 81 + 151 6,267 Total factors, other than reserve balances, absorbing reserve funds 219,772 - 858 + 14,351 219,710 Reserve balances with F.R. Banks4 35,143 + 680 + 8,681 34,470 On March 25, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 168,582 million, a decrease of $1,316 million for the week. 1 Net of $ 3,619 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,619 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,576 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,576 million was with foreign official and international accounts. Includes $510 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,807 million and adjustments of $ 168 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 RANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednes day, Wednesday, March 25, 1987 March 18, 1987 March 26, 1986 ASSETS Gold certificate account 11,083 — 1 - 7 Special Drawing Rights certificate account 5,018 —— + 300 Coin 572 — 7 + 10 Loans 573 + 153 - 322 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 7,719 — - 468 Held under repurchase agreements'! — - 107 - 1,035 U.S. government securities: Bought outright—Bills 100,947 + 362 + 19,232 Notes 67,673 — + 276 Bonds 2255,,992244 — ++ 948 Total bought outright 2 119944,,554444 + 362 ++ 20,456 Held under repurchase agreements1 — 223311 2,624 Total U.S. government securities 194,544 ++ 113311 ++ 17,832 Total loans and securities 202,836 + 177 + 16,007 Cash items in process of collection (1,099) 5,554 - 1,190 - 124 Bank premises 672 - 2 + 55 Other assets 3 16,587 + 176 + 1,098 TOTAL ASSETS (1,099) 242,322 - 847 + 17,339 LIABILITIES Federal Reserve notes 190,684 - 372 + 13,994 Deposits: Depository institutions 36,277 - 214 + 2,910 U.S. Treasury—general account 2,953 + 516 + 559 Foreign—official accounts 226 + 36 + 39 Other 610 + 112 + 233 Total deposits 40,066 + 450 + 3,741 Deferred availability cash items (1,099) 5,305 _ 1,052 „ 519 Other liabilities and accrued dividends4 2,153 + 128 42 TOTAL LIABILITIES (1,099) 238,208 846 + "17,174 CAPITAL ACCOUNTS Capital paid in 1,914 + 1 + 94 Surplus 1,873 - 1 + 92 Other capital accounts 327 - 1 - 21 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 $ 4,576 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $510 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 25, 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 566 — 7,367 « 2,496 260 214 16 days to 90 days 7 — 49*533 + 173 549 5 91 days to 1 year — — 59,773 + 2,454 1,370 + 7 Over 1 year to 5 years — -i.. 38,978 3,918 + 93 Over 5 years to 10 years — — 15,627 __ 1,342 + 12 OOvveerr 1100 yyeeaarrss —— 2233,,226666 — 228800 TToottaall 557733"" 119944,,554444 + 131 77,,771199 107 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 25, 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 11,083 703 3,145 431 650 959 507 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 572 35 19 23 46 91 54 38 33 24 46 44 119 Loans 573 28 18 44 12 21 11 26 13 13 126 253 8 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 100,947 5,978 32,731 3,232 '5,928 8,676 4,028 11,258 2,971 1,458 4,146 6,465 14,076 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 2 194,544 11,520 63,080 6,229 11,424 16,720 7,762 21,696 5,726 2,811 7,991 12,458 27,127 Held under repurchase agreements 1 ~ — — — — — — — — — ~ — — Total U.S. government securities 194,544 11,520 63,080 6,229 11,424 16,720 7,762 21,696 5,726 2,811 7,991 12,458 27,127 Total loans and securities 202,836 12,005 65,601 6,520 11,889 17,405 8,081 22,583 5,966 2,936 8,434 13,205 28,211 Items in process of collection 6,653 371 780 276 250 379 737 558 407 320 1,059 393 1,123 Bank premises 672 93 32 46 32 101 53 48 20 24 47 20 156 Other assets 3 16,587 540 3,560 597 811 849 1,078 4,721 416 415 582 1,079 1,939 Interdistrict settlement account -0- + 587 + 3,669 - 1,295 + 229 - 1,177 + 690 + 2,114 192 - 177 - 506 - 1,654 .- 2,288 TOTAL ASSETS 243,421 14,648 78,295 6,760 14,221 19,068 11,403 32,112 7,176 3,776 10,476 14,086 31,400 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 4,576 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 510 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 25 , 1987 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco LIABILITIES Federal Reserve notes 190,684 12,159 62,526 4,909 12,381 15,856 6,706 27,298 5,514 2,664 8,005 10,688 21,978 Deposits: Depository institutions 36,277 1,850 9,723 1,310 1,189 2,403 3.529 3,414 1,084 602 1,220 2,513 7,440 U.S. Treasury—general account 2,953 2,953 Foreign—official accounts 226 5 112 7 9 8 14 20 5 5 6 13 22 Other 610 1 478 1 1 34 2 83 5 3 2 Total deposits 40,066 1,856 13,266 1,318 1,199 2,445 3,545 3,517 1,089 607 1,231 2,529 7,464 Deferred credit items 6,404 363 740 276 274 357 710 507 387 342 ' 981 399 1,068 Other liabilities and accrued dividends 1 2,153 125 694 70 128 179 92 248 62 36 90 135 294 TOTAL LIABILITIES 239,307 14,503 77,226 6,573 13,982 18,837 11,053 31,570 7,052 3,649 10,307 13,751 30,804 CAPITAL ACCOUNTS Capital paid in 1,914 64 489 89 111 103 170 254 58 61 80 158 277 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 327 20 114 12 17 27 12 37 8 5 8 19 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 243,421 14,648 78,295 6,760 14,221 19,068 11,403 32,112 7,176 3,776 10,476 14,086 31,400 FFFEEEDDDEEERRRAAALLL RRREEESSSEEERRRVVVEEE AAAGGGEEENNNTTTSSS''' AAACCCCCCOOOUUUNNNTTTSSS FFF...RRR... nnnooottteeesss ooouuutttssstttaaannndddiiinnnggg 236,427 14,924 68,865 8,128 14,403 19,926 12,683 29,778 7,334 3,406 11,300 14,167 31,513 LLLeeessssss---HHHeeelllddd bbbyyy FFF...RRR... BBBaaannnkkksss 4S.741 2,765 6,339 3,219 2,022 4,070 5,977 2,480 1,820 742 3,295 3,479 9,535 FFF...RRR... nnnooottteeesss,,, nnneeettt 190,684 1122,,115599 6622,,552266 44,,990099 1122,,338811 1155,,885566 66,,770066 2277,,229988 55,,551144 22,,666644 88,,000055 1100,,668888 21,978 CCCooollllllaaattteeerrraaalll hhheeelllddd aaagggaaaiiinnnsssttt FFF...RRR... nnnooottteeesss::: GGGooolllddd ccceeerrrtttiiifffiiicccaaattteee aaaccccccooouuunnnttt 11,084 SSSpppeeeccciiiaaalll DDDrrraaawwwiiinnnggg RRRiiiggghhhtttsss ccceeerrrtttiiifff... aaaccceee 5,018 OOOttthhheeerrr eeellliiigggiiibbbllleee aaasssssseeetttsss -0- UUU...SSS... gggooovvvttt,,, aaannnddd aaagggeeennncccyyy ssseeecccuuurrriiitttiiieeesss 174.582 TTToootttaaalll cccooollllllaaattteeerrraaalll 190,684 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