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 t4LRfcSV.' 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 April 2, 1987 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss AA WW pp ee rr ee iill kk ee II,, nn ddeedd** Change from week ended WWeeddnneessddaayy ** March j^\ April^ ^J 1QA7 !Qft7 1986 '1987 Reserve Bank credit: L* 222,701 + 1,605 + 20,966 222,860 U.S. government securities- Bought outright—system account 196,549 + 1,160 + 20,500 197,013 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 690 + 137 - 105 596 Includes: seasonal borrowing of 99 - 6 + 17 105 extended credit of 265 + 14 - 308 239 Float 1,088 + 715 + 28 577 Other F.R. assets 16,655 - 408 + 1,012 16,955 Gold stock 11,082 ~ 1 - 8 11,081 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17.736 + 13 + 528 17.745 Total factors supplying reserve funds 256,537 + 1,617 + 21,786 256,704 Currency in circulation** 207,396 + 78 + 14,161 208,057 Treasury cash holdings** 516 + 8 - - 103 516 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,025 + 160 + 99 4,563 Foreign 259 + 5 + 15 399 Service-related balances and adjustments3 2,034 + 59 - 29 1,815 Other 459 _+ 36 + 5 485 Other F.R. liabilities and capital 6,569 + 140 + 395 6,541 Total factors, other than reserve balances, absorbing reserve funds 220,258 + 486 + 14,543 222,376 Reserve balances with F.R. Banks * 36,280 + 1,132 + 7.245 34,328 On April 1, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 176,098 million, an increase of $ 7,516 million for the week. 1 Net of $ 3,107 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,107 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $4,649 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,649 million was with foreign official and international accounts. Includes $ 1,835 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,815 million and adjustments of $ 219 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (New York 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 RANKS Millions of dollars Change since ** WWeeddnneessddaayy**** 1 Wednes'Hay", Wednes day, April 1, 1987 March 25, 1987 April 2, 1986 ASSETS Gold certificate account 11,081 «. 2 , — 9 Special Drawing Rights certificate account 5,018 + 300 Coin 563 - 9 + 10 Loans 596 + 23 „ 87 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 101,221 + 274 + 17,451 Notes 69,637 + 1,964 + 2,240 Bonds 26,155 + 231 1,179 Tots! bought outright2 197,013 + 2,469 + 20,870 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss11 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 119977,,001133 + 22..446699 ± 2Q,87Q TToottssll llooaannss ssnndd sseeccuurriittiieess 220055,,332288 + 22,,449922 + 20,315 IItteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn ((11..228811)) 77..224444 + 11,,770022 317 BBaannkk pprreemmiisseess 667711 11 Other ssset8 3 + 53 TOTAL ASSETS 16,284 j2 303 + 1,292 (1,281) 246,189 + 3,879 + 21,644 LIABILITIES Federsl Reserve notes 191,391 + 707 + 13,540 Deposits: Depository institutions 36,143 „ 134 + 5,708 U.S. Treasury—general account 4,563 + 1,610 + 1,746 Foreign—official accounts 1 399 + 173 + 150 Other 485 _ 125 7 Total deposits 41,590 + 1,524 + 7,597 D O e th fe e r r r e li d a b c i r l e it d ie it s I a te n m d s a ccrued dividends4 (1,281) 2 6 , , 3 6 3 6 3 7 + v 1,3 1 7 8 4 0 + 1 19 3 4 8 TOTAL LIABILITIES (1,281) "241,981 + 3,785 51,193 CAPITAL ACCOUNTS Capital paid in 1.917 + 3 + 96 Surplus 1.874 •f 1 + 93 Other capital accounts [ 417 f 20 _± ^2 * 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 $ -rj- million was outstanding at the end of the latest statement week. 2 Net of S 4,649 million matched sale-purchase transactions outstanding at the f%6 of the latest statement week. Includes $ 1.835 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 66 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 (New York District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, April 1, 1987 Acceptances and securities held under repurchase egreements are classified 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 567 9,639 2,272 40 220 16 days to 90 days 29 47,756 1,777 532 17 91 days to 1 year 60,628 + 855 1,607 + 237 Over 1 year to 5 yeers 39,611 + 633 3,918 Over 5 yeers to 10 yesrs 15,917 + 290 1,342 Over 10 yesrs 23,462 + 196 280 Total 596 197,013 + 2,469 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 April 1 , 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 11081 703 3143 431 650 959 507 1394 366 168 598 692 1470 Special Drawing Rights certif. acct. 5018 314 1489 162 314 461 203 656 160 66 216 307 670 Coin 563 35 19 23 46 91 50 37 32 23 46 42 119 Loans 596 39 44 48 2 14 17 121 14 47 222 28 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7719 457 2503 247 453 664 308 861 227 112 317 494 1076 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 101221 5994 32821 3241 5944 8699 4038 11288 2979 1463 4158 6482 14114 Notes 69637 4123 22580 2230 4089 5985 2779 7766 2050 1006 2860 4459 9710 Bonds 26155 1549 8480 837 1536 2248 1044 2917 770 378 1074 1675 3647 Total bought outright 2 197013 11666 63881 6308 11569 16932 7861 21971 5799 2847 8092 12616 27471 Held under repurchase agreements ' — — — — — — — — — — — — — Total U.S. government securities 197013 11666 63881 6308 11569 16932 7861 21971 5799 2847 8092 12616 27471 Total loans and securities 205328 • 12162 66428 6603 12024 17610 8169 22849 6147 2973 8456 13332 28575 Items In process of collection 8525 530 973 463 321 500 760 708 519 500 1257 504 1490 Bank premises 671 93 32 46 32 102 53 48 20 24 47 20 154 Other assets 3 16284 523 3672 570 772 819 1034 4598 401 372 570 1040 1913 Interdistrict settlement account -0- +107 +5381 -897 +63 -1455 +750 +1580 -534 -96 -427 -1608 -2864 TOTAL ASSETS 247470 14467 81137 7401 14222 19087 11526 31870 7111 4030 10763 14329 31527 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 $ 4649 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1835 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 $ 66 million in Treasury Bills maturing within 90 days. * Estimated (New York District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON April 1, 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 191.391 11,995 62,916 4,904 12,345 15,844 7,017 27.362 5,604 2,686 8.009 10,753 21,956 Deposits: Depository institutions 36.143 1,770 10,055 1.852 1,255 2,313 3,220 2.975 872 763 1,226 2,600 7,242 U.S. Treasury-general account 4.563 4,563 Foreign—official accounts 399 5 285 7 9 8 14 20 5 5 6 13 22 Other 485 1 345 1 48 I 78 5 4 Total deposits 41.590 1,776 15,248 1.859 1,265 2,369 3,235 3,073 877 769 1,237 2,617 7,265 Deferred credit items 7,948 426 984 377 246 466 827 635 445 410 1.255 486 1,391 Other liabilities and accrued dividends 1 2.333 122 897 69 121 173 87 244 60 35 86 130 309 TOTAL LIABILITIES 243.262 14,319 80.045 7,209 13,977 18,852 11.166 31,314 6.986 3,900 10,587 13,986 30,921 CAPITAL ACCOUNTS Capital paid in 1.917 64 489 90 111 103 170 254 58 62 80 159 277 Surplus 1,874 61 466 86 112 101 168 251 58 61 81 158 271 Other capital accounts 417 23 137 16 22 31 22 51 9 7 15 26 58 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 247.470 14,467 81,137 7.401 14,222 19,087 11,526 31,870 7.111 4,030 10,763 14,329 31.527 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 237.082 14,767 69.531 8.073 14.297 19,887 13.038 29,892 7,336 3,395 11,289 14,233 31,344 Less-Held by F.R. Banks 45,691 2.772 6.615 3.169 1.952 4.043 6.021 2.530 1,732 709 3,280 3,480 9,388 F.R. notes, net 191,391 1111,,999955 6622..991166 44,,990044 1122,,334455 1155..884444 77..001177 2277,,336622 55,,660044 22,,668866 88,,000099 1100..775533 21,956 Collateral held against F.R. notes: Gold certificate account 11,081 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 175,292 Total collateral 191,391 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (New York District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis