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 '••f^nfs^ 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 May 7, 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 MMaayy 66,, 11998877 April 2V, "iy «~. ~M ay 7, 1986 May 6, 1987 Reserve Bank credit: L 2 251,182 + 17,342 + 42,129 246,508 U.S. government securities- Bought outright—system account 206,068 + 798 + 26,879 207,218 Held under repurchase agreements 13,979 + 11,591 + 11,022 8,971 Federal agency obligations- Bought outright 7,683 — - 504 7,683 Held under repurchase agreements 3,833 + 3,142 + 3,194 2,790 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 2,021 + 1,223 + 1,116 1,742 Includes: seasonal borrowing of 170 + 23 + 83 172 extended credit of 262 - 73 - 322 231 Float 293 + 359 - 349 1,006 Other F.R. assets 17,306 + 230 + 771 17,098 Gold stock 11,076 - 1 - 12 11,076 Special Drawing Rights certificate account 5,018 — + 300 5,018 Treasury currency outstanding 17,769 + 11 + 515 17,781 Total factors supplying reserve funds 285,045 + 17,351 + 42,932 280,383 210,458 + 838 + 15,307 211,250 Currency in circulation* 528 4 109 529 Treasury cash holdings* DDDDeeeeppppoooossssiiiittttssss,,,, ooootttthhhheeeerrrr tttthhhhaaaannnn rrrreeeesssseeeerrrrvvvveeee bbbbaaaallllaaaannnncccceeeessss,,,, wwwwiiiitttthhhh FFFF....RRRR.... BBBBaaaannnnkkkkssss:::: 22,844 + 9,532 + 15,598 23,043 TTTTrrrreeeeaaaassssuuuurrrryyyy 403 + 49 + 208 421 FFFFoooorrrreeeeiiiiggggnnnn SSSSeeeerrrrvvvviiiicccceeee----rrrreeeellllaaaatttteeeedddd bbbbaaaallllaaaannnncccceeeessss aaaannnndddd aaaaddddjjjjuuuussssttttmmmmeeeennnnttttssss3333 2,447 + 454 + 702 1,812 551 + 161 22 418 OOOOtttthhhheeeerrrr 7,104 + 61 + 346 6,810 OOOOtttthhhheeeerrrr FFFF....RRRR.... lllliiiiaaaabbbbiiiilllliiiittttiiiieeeessss aaaannnndddd ccccaaaappppiiiittttaaaallll TTTToooottttaaaallll ffffaaaaccccttttoooorrrrssss,,,, ooootttthhhheeeerrrr tttthhhhaaaannnn rrrreeeesssseeeerrrrvvvveeee bbbbaaaallllaaaannnncccceeeessss,,,, absorbing reserve funds 244,334 + 11,091 + 32,029 244,283 40,711 + 6,261 + 10,902 36,100 Reserve balances with F.R. Banks * On May 6, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 177,389 million, an increase of $ 8^5 million for the week. 1 Net of $3,923 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,923 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,331 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,331 million was with foreign official and international accounts. Includes $ 1»758 miilion securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1.812 million and adjustments of $ 635 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 FEDEHAL RESERVE SANKS Millions of dollars Change »lnce ** WWeeddnneessddaayy Wednesday Wednesday May 6 1987 April 29, 1987 May 7, 1986 ? ASSETS Gold certificate account 11,076 - 1 - 9 Special Drawing Bights certificate account 5,018 — + 300 Coin 515 - 8 - 12 Loans 1,742 + 646 + 843 Acceptances- Held under repurchase agreements — Federal agency obligations— Bought outright 7,683 — - 504 Held under repurchase agreements 1 2,790 + 37 + 2,790 U.S. government securities: Bought outright—Bills 107,164 + 2,628 + 18,177 Notes 73,378 — + 5,981 Bonds 26,676 — + 1,700 Total bought outright2 207,218 + 2,628 + 25,858 Held under repurchase agreements 1 8,971 — 263 + 8,971 Total U.S. government securities 216,139 + . 2,365 i Total loans and securities 228,404 + 3,048 + 37,958 Items in process of collection (1,243) 7,389 + 350 321 •- Bank premises 674 - 1 + 50 Other assets 3 16,424 - 404 + 474 TOTAL ASSETS (1,243) 269,500 + 2,984 + ' 38,440 LIABILITIES Federal Reserve notes 194,513 + 1,326 + 14,697 Deposits: Depository institutions 37,912 + 4,929 + 4,150 U.S. Treasury—general account 23,043 - 2,759 + 19,040 Foreign—official accounts 421 - 83 + 227 Other 418 - 109 - 35 Total deposits 61,794 + 1,978 + 23,382 Deferred credit items (1,243) 6,383 + 35 - 315 Other liabilities and accrued dividends4 2,482 _ 542 + 366 TOTAL LIABILITIES (1,243) 265,172 + 2,797 + 38,130 CAPITAL ACCOUNTS Capital paid in 1,914 - 7 + 85 Surplus 1,873 — + 92 Other capital accounts 541 + 194 + 133 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 $ 887 million was outstanding at the end of the latest statement week. Net of $3,331 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,758 mitiion 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 $ 74 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, MAY 6, 1987 Acceptances and securities held under repurchase agreements are ciaaaified as maturing within 19 days in accordance with maximum maturity of the agreements. U.8. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings (Weekly changes Holdings (Weekly changes Within 15 days 1,673 — 22,775 . + 3,222 2,790 - 94 16 days to 90 days 69 — 49,124 - 932 794 + 125 91 days to 1 year — — 62,657 + 767 1,553 + 6 Over 1 year to 5 years — — 41,159 - 692 3,750 — Over 5 years to 10 years — — 16,538 — 1,306 — Over 10 years - * 55rr 2233,,993366 — 228800 — Total 1 1,742 221166,,118899 + 2,365 1100,,447733 + 37 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 MAY 6, 1987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,076 706 3,175 385 664 933 596 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 515 32 19 25 41 83 43 32 27 21 45 38 109 Loans 1,742 32 695 75 206 52 23 46 74 40 65 196 238 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7,683 474 2,472 233 461 649 341 891 222 115 305 456 1,064 Held under repurchase agreements 1 2,790 ~ 2,790 — — — — — — — — — — U.S. government securities: Bought outright-Bills 107,164 6,610 34,478 3 ,243 6,428 9,055 4,759 12,427 3,095 1,611 4,256 6,357 14,845 Notes 73,378 4,526 23,608 2 ,220 4,401 6,201 3,259 8,509 2,119 1,103 2,914 4,353 10,165 Bonds 26,676 1,645 8,583 807 1,600 2,254 1,185 3,094 770 401 1,059 1,583 3,695 Total bought outright 2 207,218 12,781 66,669 6 ,270 12,429 17,510 9,203 24,030 5,984 3,115 8,229 12,293 28,705 Held under repurchase agreements * 8,971 — 8,971 — — — — — — — — — — Total U.S. government securities 216,189 12,781 ~ 75,640 6 ,270 12,429 17,510 9,203 24,030 5,984 3,115 8,229 12,293 28,705 Total loans and securities 228,404 13,287 81,597 6 ,578 13,096 18,211 9,567 24,967 6,280 3,270 8,599 12,945 30,007 Items in process of collection 8,632 603 933 661 301 515 798 749 472 412 1,204 536 1,448 Bank premises 674 92 32 46 32 102 53 51 19 24 47 20 156 Other assets 3 16,424 57i 3,900 543 784 847 991 4,602 403 358 559 995 1,871 Interdistrict settlement account -0- + 572 + 7,824 - 858 - 697 - 1,557 + 200 + 778 - 548 111 608 - 1,183 - 3,812 TOTAL ASSETS 270,743 16,177" 98,969 7 ,542 14,535 19,595 12,451 33,218 7,164 4,209 10,624 14,327 31,932 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 $ 887 million was outstanding at the end of the latest statement week. 2 Net of $ 3,331 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1 »758million 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 $ 74 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 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 194,513 12,717 63,372 4,991 12,505 15,629 7,329 28,480 5,691 2,777 7,999 10,704 22,319 Deposits: Depository institutions 37,912 2,780 8,892 1,863 1,354 3,031 3,895 3,214 863 834 1,205 2,664 7,317 U.S. Treasury-general account 23,043 23,043 Foreign—official accounts 421 5 307 7 9 8 14 20 5 5 6 13 22 418 276 1 42 1 90 1 3 3 1 61,794 2,785 32,518 1,871 1.363 3,081 3,910 3,324 868 840 1,214 2,680 7,340 Total deposits 7,626 395 912 417 290 471 742 590 413 421 1,147 467 1,361 Deferred credit items Other liabilities and accrued 2,482 128 1,044 67 126 173 99 252 62 37 83 123 288 266,415 16,025 97,846 7,346 14,284 19,354 12,080 32,646 7,034 4,075 10,443 13,974 31,308 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in 1,914 65 479 90 112 104 171 255 58 62 81 160 277 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 541 26 178 20 28 36 32 66 14 11 19 35 76 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 270,743 16,177 98,969 7,542 14,535 19,595 12,451 33,218 7,164 4,209 10,624 14,327 31,932 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 240,323 15,263 70,769 8,109 14,417 19,748 13,364 31,177 7,374 3,435 11.184 14,081 31,402 Less-Held by F.R. Banks 45,810 2,546 7,397 3,118 1,912 4,119 6,035 2,697 1,683 658 3,185 3,377 9,083 F.R. notes, net 194,513 1122,,771177 6633,,337722 44,,999911 1122,,550055 1155,,662299 77,,332299 2288,,448800 55,,669911 22,,777777 77,,999999 1100,,770044 22,319 Collateral held against F.R. notes: Gold certificate account 11,076 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 178,419 Total collateral 194,513 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