H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.OlGOK FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •: ML RE' 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 16, 1987 Averages of daily figures (mil ions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss ffeennddeedd Change from week ended Wednesday 11QQ8877 Api Cil 8' 1Q87 April 16'1986 April 15, 1987 Reserve Bank credit: 1>2 227,200 + 1,768 + 24,874 229,625 U.S. government securities- Bought outright—system account 201,299 + 3,582 + 25,018 202,818 Held under repurchase agreements 445 - 1,329 - 639 1,099 Federal agency obligations- Bought outright 7,714 - 3 _ 473 7,714 Held under repurchase agreements 148 _ 253 + 26 484 Acceptances- Bought outright — Held under repurchase agreements Loans to depository institutions 693 + 102 _ 36 464 Includes: seasonal borrowing of 107 + 10 + 49 111 extended credit of 250 + 20 _ 396 267 Float 204 - 465 + 81 294 Other F.R. assets 16,697 + 134 + 898 16,752 Gold stock 11,079 _ 2 _ 11 11,078 Special Drawing Rights certificate account 5,018 + 300 5,018 Treasury currency outstanding 17,756 + 10 _+ 530 17,765 Total factors supplying reserve funds 261,054 + 1,777 + 25,694 263,486 Currency in circulation* 210,130 + 1,235 + 15,280 210,481 Treasury cash holdings* 533 + 7 _ 96 533 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,815 - 108 + 422 4,056 Foreign 202 _ 62 _ 9 285 Service-related balances and adjustments 3 2,318 + 270 + 450 1,806 Other 399 _ 32 _ 68 557 Other F.R. liabilities and capital 6,762 - 29 + 510 6,677 Total factors, other than reserve balances, absorbing reserve funds 224,158 + 1,280 + 16,488 224,395 Reserve balances with F.R. Banks * 36,896 + 497 + 9,206 39,092 On April 15, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 178,466 million, an increase of $ 223 million for the week. 1 Net of $ 3,159 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,159 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,657 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,657 million was with foreign official and international accounts. Includes $ 1,137 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,806 million and adjustments of $ 512 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, Wednesday, April 15, 1987 April 8, 1987 April 16_, 1986 ASSETS Gold certificate account 11,078 _ 2 _ 12 Special Drawing Rights certificate account 5,018 + 300 Coin 549 - 7 + 5 Loans 464 _ 1,128 _ 235 Acceptances- Held under repurchase agreements __ Federal agency obligations- Bought outright 7,714 — - 473 Held under repurchase agreements 1 484 - 1,038 + 184 U.S. government securities: Bought outright—Bills 104,949 + 3,821 + 21,084 Notes 71,420 + 1,783 + 4,023 Bonds 26,449 + 294 + 1,473 Total bought outright2 202,818 + 5,898 + 26,580 Held under repurchase agreements1 1,099 _ 6,701 _ 2,256 Total U.S. government securities 203,917 _ 803 + 24,324 Total loans and securities 212,579 _ 2,969 + 23,800 Items in process of collection (1,267) 7,632 + 1,188 1,481 Bank premises 675 + 5 + 54 Other assets 3 16,077 198 + 806 TOTAL ASSETS (1,267) 253,608 1,983 + 23,472 LIABILITIES Federal Reserve notes 193,797 + 796 + 15,038 Deposits: Depository institutions 40,898 - 4,834 + 8,379 U.S. Treasury—general account 4,056 + 525 + 572 Foreign—official accounts 285 + 109 + 50 Other 557 + 197 + 85 Total deposits 45,796 _ 4,003 + 9,086 Deferred credit items (1,267) 7,338 + 1,274 1,286 Other liabilities and accrued dividends4 2,538 57 + 458 TOTAL LIABILITIES (1,267) 249,469 Z 1,990 + 23,296 CAPITAL ACCOUNTS Capital paid in 1,917 _ 1 + 90 Surplus 1,873 + 92 Other capital accounts ; 34? + fiL 6 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 $ 2,309 million was outstanding at the end of the latest statement week. Net of $ 2,657 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,137 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 $57 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 15, 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 Loans Acceptances Holdings |Weekly changes Holdings |Weekly changes Within 15 days 449 13,192 -3,921 516 -1,073 16 days to 90 days 15 51,305 +3,276 732 + 22 91 days to 1 year 58,892 -1,696 1,485 + 68 Over 1 year to 5 years . 40,587 + 976 3,848 - 50 Over 5 years to 10 years 16,232 + 315 1,337 - 5 Over 10 years 23,709 + 247 280 — Total 464 203,917 803 8,198 -1,038 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 15, 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 11,078 706 3,177 385 664 933 596 1,383 351 169 562 669 1,483 Special Drawing Rights certif. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 549 33 17 23 44 89 49 37 30 22 47 40 118 Loans 464 15 6 82 2 5 5 9 22 22 40 250 6 Acceptances held under repurchase agreements — — — • Federal agency obligations: Bought outright 7,714 476 2,482 233 463 652 342 894 223 11-6 306 458 1,069 Held under repurchase agreements 1 484 — 484 — — — — — — — — — — U.S. government securities: Bought outright-Bills 104,949 6,473 33,765 3,176 6,295 8,868 4,661 12,171 3,031 1,577 4,168 6,226 14,538 Notes 71,420 4,405 22,978 2,161 4,284 6,035 3,172 8,282 2,063 1,073 2,836 4,237 9,894 Bonds 26,449 1,631 8,510 800 1,586 2,235 1,175 3,067 764 398 1,050 1,569 3,664 Total bought outright 2 202,818 12,509 65,253 6,137 12,165 17,138 9,008 23,520 5,858 3,048 8,054 12,032 28,096 Held under repurchase agreements 1 1,099 — 1,099 — — — — — — — — — — Total U.S. government securities 203,917 12,509 66,352 6,137 12,165 17,138 9,008 23,520 5,858 3,048 8,054 12,032 28,096 Total loans and securities 212,579 13,000 69,324 6,452 12,630 17,795 9,355 24,423 6,103 3,186 8,400 12,740 29,171 Items in process of collection 8,899 464 1,081 395 381 488 740 785 469 526 1,282 572 1,716 Bank premises 675 93 32 47 32 102 54 51 19 24 47 20 154 Other assets 3 16,077 550 3,526 556 784 843 1,018 4,594 400 369 557 1,007 1,873 Interdistrict settlement account -0- + 625 +2,430 - 112 + 354 -1,308 + 317 +1,914 + 48 - 89 - 130 - 937 -3,112 TOTAL ASSETS 254,875 15,785 81,076 7,908 15,203 19,403 12,332 33,843 7,580 4,273 10,981 14,418 32,073 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 $ 2,657 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,137million 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 $ 57 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 15, 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 ci n s co LIABILITIES Federal Reserve notes 193,797 12,129 63,643 4,917 12,562 15,843 7,066 28,075 5,679 2,693 8,089 10,799 22,302 Deposits: Depository institutions 40,898 2,947 9,626 2,201 1,879 2,643 4,027 4,162 1,252 917 1,373 2,587 7,284 U.S. Treasury-general account 4,056 — 4,056 — — — — — — — — — — Foreign-official accounts 285 5 171 7 9 8 14 20 5 5 6 13 22 Other 557 2 433 1 1 45 3 64 1 — 3 3 1 Total deposits 45,796 2,954 14,286 2,209 1,889 2,696 4,044 4,246 1,258 922 1,382 2,603 7,307 Deferred credit items 8,605 435 943 530 376 466 772 731 461 497 1,257 561 1,576 Other liabilities and accrued dividends1 2,538 121 1,125 63 136 167 94 245 58 35 81 119 294 TOTAL LIABILITIES 250,736 15,639 79,997 7,719 14,963 19,172 11,976 33,297 7,456 4,147 10,809 14,082 31,479 CAPITAL ACCOUNTS Capital paid in 1,917 64 489 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 349 21 124 13 18 27 17 41 8 4 11 19 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 254,875 15,785 81,076 7,908 15,203 19,403 12,332 33,843 7,580 4,273 10,981 14,418 32,073 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 238,783 14,781 70,719 8,040 14,391 19,735 12,905 30,606 7,336 3,412 11,241 14,129 31,488 Less-Held by F.R. Banks 44,986 2,652 7,076 3,123 1,829 3,892 5,839 2,531 1,657 719 3,152 3,330 9,186 F.R. notes, net 193,797 12,129 63,643 4,917 12,562 15,843 7,066 28,075 5,679 2,693 8,089 10,799 22,302 Collateral held against F.R. notes: Gold certificate account 11,078 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 177,701 Total collateral 193,797 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