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 '•.fSSfg^ 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 9, 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 AApprriill 88,, 11998877 April 1'1987 Apr 11 9,1986 April8>1987 Reserve Bank credit: 1-2 225,401 + 2,700 + 23,975 232,873 U.S. government securities- Bought outright—system account 197,717 + 1,168 + 21,557 196,920 Held under repurchase agreements 1,774 + 1,774 + 1,774 7,800 Federal agency obligations- Bought outright 7,717 - 2 - 470 7,714 Held under repurchase agreements 401 + 401 + 401 1,522 Acceptances- Bought outright — — — — Held under repurchase agreements -_ — — Loans to depository institutions 591 - 99 - 361 1,592 Includes: seasonal borrowing of 97 _ 2 + 27 99 extended credit of 230 _ 35 _. 349 228 Float 650 - 438 - 34 380 Other F.R. assets 16,551 - 104 + 1,108 16,945 Gold stock 11,081 _ 1 - 9 11,080 Special Drawing Rights certificate account 5,018 + 300 5,018 Treasury currency outstanding 17,746 + 10 •f 529 17,755 Total factors supplying reserve funds 259,246 + 2,709 + 24,795 266,726 Currency in circulation* 208,895 + 1,500 + 14,542 209,669 Treasury cash holdings* 525 + 8 - 110 531 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,923 + 898 + 558 3,531 Foreign 264 + 5 + 33 176 Service-related balances and adjustments3 2,048 + 12 + 288 1,818 Other 431 _ 28 - 38 360 Other F.R. liabilities and capital 6,791 + 222 + 699 6,727 Total factors, other than reserve balances, absorbing reserve funds 222,878 + 2,618 + 15,973 222,812 Reserve balances with F.R. Banks« 36,368 + 90 + 8,823 43,914 On April 8, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 178,243 million, an increase of $ 2,145 million for the week. 1 Net of $ 4,160 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,160 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,056 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5.056 million was with foreign official and international accounts. Includes $ 501 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,818 million and adjustments of $ 230 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 Wednesday, Wedne sday, AApprriill 88,, 11998877 April 1, 1987 April 9i 1986 ASSETS Gold certificate account 11,080 - 1 - -10 Special Drawing Rights certificate account 5,018 — + 300 Coin 556 - 7 - 15 Loans 1,592 + 996 - 927 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,714 - 5 - 473 Held under repurchase agreements'! 1,522 + 1,522 + 1,522 U.S. government securities: Bought outright—Bills 101,128 - 93 + 18,583 Notes 69,637 — + 2,240 Bonds 2266,,115555 — ++ 1,179 Total bought outright* 119966,,992200 - 93 ++ 22,002 Held under repurchase agreements1 7,800 + 7,800 + 7,800 Total U.S. government securities 204,720 + 7,707 + 29,802 Total loans and securities 215,548 + 10,220 + 29,924 Items in process of collection (1,025) 6,444 - 800 - 929 Bank premises 670 _ 1 + 53 Other assets 3 16,275 - 9 + 1,330 TOTAL ASSETS (1,025) 255,591 + 9,402 + 30,653 LIABILITIES Federal Reserve notes 193,001 + 1,610 + 14,183 Deposits: Depository institutions 45,732 + 9,589 + 16,233 U.S. Treasury—general account 3,531 - 1,032 + 631 Foreign—official accounts 176 - 223 _ 75 Other 360 - 125 _ 85 Total deposits 49,799 + 8,209 + 16,704 Deferred credit items (1,025) 6,064 _ 603 _ 868 Other liabilities and accrued dividends4 2,595 + 262 + 459 TOTAL LIABILITIES (1,025) 251,459 _ 9,478 + 30,478 CAPITAL ACCOUNTS Capital paid in 1,918 + 1 + 94 Surplus 1,873 - 1 + 92 Other capital accounts 341 - 76 - 11 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 $ -o- million was outstanding at the end of the latest statement week. Net of $ 5,056 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 501 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $ 60 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, April 8, 1987 Acceptances and securities held under repurchase agreements are claaaified as maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceeaa Holdings [Weekly changes Holdings |Weekly changes Within 15 days I 1,558 — 17,113 + 7,474 1,589 + 1,549 16 days to 90 days 34 — 48,029 + 273 710 + 178 91 days to 1 year — — 60,588 40 1,417 - 190 Over 1 year to 5 years — — 39,611 — 3,898 - 20 Over 5 years to 10 years — — 15,917 — 1,342 — Over 10 years ~ — 23,462 — 280 — Total 1,592 204,720 7,707 9,236 1,517 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 8, 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 11,080 703 3,142 431 650 959 507 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 556 35 18 22 45 91 47 36 32 23 47 42 118 Loans 1,592 17 1,195 55 1 7 — 9 21 19 50 210 8 Acceptances held under repurchase agreements — — — — — — — — — — Federal agency obligations: Bought outright 7,714 457 2,501 247 453 663 308 860 227 Ill 317 494 1,076 Held under repurchase agreements 1 1,522 __ 1,522 — — — — — — — — — — U.S. government securities: Bought outright-Bills 101,128 5,989 32,790 3,238 5,939 8,691 4,035 11,278 2,976 1,461 4,154 6,476 14,101 Notes 69,637 4,123 22,580 2,230 4,089 5,985 2,779 7,766 2,050 1,006 2,860 4,459 9,710 Bonds 26,155 1,549 8,480 837 1,536 2,248 1,044 2,917 770 378 1,074 1,675 3,647 Total bought outright 2 196,920 11,661 63,850 6,305 11,564 16,924 7,858 21,961 5,796 2,845 8,088 12,610 27,458 Held under repurchase agreements 1 7,800 — 7,800 — — — — — — -- — — — Total U.S. government securities 204,720 11,661 71,650 6,305 11,564 16,924 7,858 21,961 5,796 2,845 8,088 12,610 27,458 Total loans and securities 215,548 12,135 76,868 6,607 12,018 17,594 8,166 22,830 6,044 2,975 8,455 13,314 28,542 Items in process of collection 7,469 418 949 363 283 423 687 685 424 366 1,023 462 1,386 Bank premises 670 92 32 46 32 102 53 48 20 24 47 20 154 Other assets 3 16,275 526 3,854 561 778 810 1,001 4,579 393 368 554 1,010 1,841 Interdistrict settlement account -0- +590 -1,479 -771 +675 -669 +1,448 +2,577 -101 +243 -324 -1,570 -619 TOTAL ASSETS 256,616 14,8L3 84,873 7,421 14,795 19,771 12,112 32,805 7,338 4,233 10,616 14,277 33,562 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 $ 5,056 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 501 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 $ 60 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 April 8, 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 193,001 12,032 63,388 4,920 12,487 15,865 7,104 27,683 5,672 2,711 8,088 10,793 22,258 Deposits: Depository institutions 45,732 2,144 14,450 1,883 1,662 3,057 3,847 3,692 1,073 988 1,214 2,556 9,166 U.S. Treasury-general account 3,531 — 3,531 — — — — — — — — — — Foreign—official accounts 176 5 62 7 9 8 14 20 5 5 6 13 22 Other 360 — 229 — 1 47 1 74 — — 3 3 2 Total deposits 49,799 2,149 18.272 1,890 1,672 3,112 3,862 3,786 1,078 993 1,223 2,572 9,190 Deferred credit items 7,089 366 947 355 275 391 708 551 401 368 1,048 446 1,233 Other liabilities and accrued dividends 1 2,595 120 1 ,191 68 121 172 86 243 62 34 85 129 284 TOTAL LIABILITIES 252,484 14,667 83,798 7,233 14,555 19,540 11.760 32,263 7,213 4,106 10,444 13,940 32,965 CAPITAL ACCOUNTS Capital paid in 1,918 65 489 90 111 103 171 254 58 61 80 159 277 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 341 20 120 12 18 27 13 3377 99 55__ 1111 2200 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 256,616 14,813 84,873 7,421 14,795 19,771 12,112 32,805 7,338 4,233 10,616 14,277 33,562 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 238,048 14,755 70,216 8,048 14,402 19,815 12,982 30,199 7,350 3,386 11,268 14,180 31,447 Less-Held by F.R. Banks 45,047 2,723 6,828 3,128 1,915 33,,995500 55,,887788 22,,551166 1,678 675 3,180 3,387 9,189 F.R. notes, net 193,001 12,032 63,388 4,920 12,487 ""1155,,886655 77..110044 2277,,668833 5,672 2,711 8,088 10,793 22,258 Collateral held against F.R. notes: Gold certificate account 11,080 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 176,903 Total collateral 193,001 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