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 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 14, 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 1133,, 11998877** May 6, 1987 May 14, 1986 May 13, 1987* Reserve Bank credit: 1-2 245,283 - 5,924 + 40,182 245,848 U.S. government securities- Bought outright—system account 206,051 17 + 27,388 205,862< Held under repurchase agreements 10,144 - 3,835 + 10,144 9,655 Federal agency obligations- Bought outright 7,683 — 483 7,683 Held under repurchase agreements 3,102 - 731 + 3,102 3,986 Acceptances- Bought outright — — — — Held under repurchase agreements — — — Loans to depository institutions 768 - 1,253 38 751 Includes: seasonal borrowing of 182 + 12 + 91 188 extended credit of 270 + 8 301 293 Float 218 94 595 364 Other F.R. assets 17,318 + 6 + 664 17,547 Gold stock 11,075 1 10 11,074 c-':ecial Drawing Rights certificate account 5,018 — + 286 5,018 iieasury currency outstanding 17,783 + 14 + 518 17,795 Total factors supplying reserve funds 279,159 - 5,911 + 40,976 279,735 Currency in circulation** 211,745 + 1,287 + 15,395 212,075 Treasury cash holdings** 529 + 1 110 529 Deposits, other than reserve balances, with F.R. Banks: Treasury 21,006 - 1,838 + 16,415 19,914 Foreign 317 86 + 111 258 Service-related balances and adjustments3 1,949 - 498 + 202 1,789 Other 375 176 80 394 Other F.R. liabilities and capital 6,988 116 + 726 6,676 Total factors, other than reserve balances, absorbing reserve funds 242,909 - 1,425 + 32,659 241,635 Reserve balances with F.R. Banks « 36,249 - 4,487 + 8,316 38,099 On May 13, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $179,204 million, an increase of $ 1,815 million for the week. 1 Net of $ 4,795 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,795 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,132 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,132 million was with foreign official and international accounts. Includes $1,272 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,789 million and adjustments of $ 160 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (St. Louis 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 BANKS Millions of dollars Change since Wednesday** Wednesday Wednesday May 13, 1987 May 6, 1987 Mav 14. IQftft ASSETS Gold certificate account 11,074 11 Special Drawing Rights certificate account 5,018 200 Coin 516 1 7 Loans 751 991 61 Acceptances- Held under repurchase agreements Federal agency obligations- 7,683 454 Bought outright 3,986 + 1,196 3,986 Held under repurchase agreements 1 U.S. government securities: 105,808 1,356 + 19,312 Bought outright—Bills 73,378 + 5,981 Notes Bonds 26,676 + 1,700 Total bought outright2 205,862 - 1,356 + 26,993 Held under repurchase agreements1 9,655 + 684 + 9,655 Total U.S. government securities 215,517 - 672 + 36,648 Total loans and securities 227,937 - 467 + 40,119 Cash items in process of collection (1,111) 6,360 - 1,029 - 773 Bank premises 678 + 4 + 53 Other assets 3 16,869 + 445 + 722 TOTAL ASSETS (1,111) 268,452 1,048 40,303 LIABILITIES Federal Reserve notes 195,326 + 813 14,882 Deposits: Depository institutions 39,888 + 1,976 + 7 ,729 U.S. Treasury—general account 19,914 3,129 + 17, 310 Foreign—official accounts 258 163 + 21 Other 394 24 - 167 Total deposits 60,454 1,340 + 24, 893 Deferred availability cash items Other liabilities and accrued dividends4 (1,111) 5,996 . 387 - 91 2,524 42 + 437 TOTAL LIABILITIES (1,111) 264,300 872 + 40 121 CAPITAL ACCOUNTS Capital paid in 1,918 + 87 Surplus 1,873 + 92 Other capital accounts 361 180 + 3 * 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 5,132 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ j ,272 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 $ 71 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 (St. Louis District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 13, 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 668 22,295 480 4,058 1,268 18 days to 90 days 83 51,168 2,044 762 32 91 days to 1 year 60,421 2,236 1,524 29 Over 1 year to 5 years 41,159 3,739 11 Over 5 years to 10 years Over 10 years 16,538 1,306 Total 23,936 280 751 215,517 672 11,669 1,196 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 13, 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 ASSETS Gold certificate account 11,074 706 3,173 385 664 933 596 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 516 32 19 26 42 83 46 31 29 20 44 37 107 Loans 751 58 11 88 6 27 46 43 96 46 70 247 13 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 3,986 — 3,986 — -- — — — — — — — U.S. government securities: Bought outright-Bills 105,808 6,526 34,042 3,202 6,346 8,940 4,699 12,270 3,056 1,590 4,202 6,277 14,658 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 2 205,862 12,697 66,233 6,229 12,347 17,395 9,143 23,873 5,945 3,094 8,175 12,213 28,518 Held under repurchase agreements 1 9,655 — 9,655 — — — — — — — — — — Total U.S. government securities 215,517 12,697 75,888 6,229 12,347 17,395 9,143 23,873 5,945 3,094 8,175 12,213 28,518 Total loans and securities 227,937 13,229 82,357 6,550 12,814 18,071 9,530 24,807 6,263 3,255 8,550 12,916 29,595 Items in process of collection 7,471 408 833 435 327 456 743 587 409 366 1,153 415 1,339 Bank premises 678 93 32 46 32 102 54 53 19 24 47 20 156 Other assets 3 16,869 582 4,051 552 804 864 1,012 4,634 405 361 565 1,008 2,031 Interdistrict settlement account -0- + 1,236 + 4,361 925 295 - 1,171 + 888 + 1,163 - 305 - 119 - 591 - 1,344 - 2,898 TOTAL ASSETS 269,563 16,600 96,315 7,231 14,702 19,799 13,072 33,314 7,331 4,142 10,546 14,028 32,483 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 6-0- million was outstanding at the end of the latest statement week. 2 Net of $ 5,132 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1»272 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 $ 71 million in Treasury Bills maturing within 90 days. * Estimated (St. Louis District). 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 May 13, 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 195,326 12,820 63,716 4,985 12,452 15,665 7,513 28,518 5,634 2,792 8,011 10,706 22,514 Deposits: Depository institutions 39,888 3,117 9,292 1,637 1,542 3,256 4,370 3,332 1,124 779 1,128 2,445 7,866 U.S. Treasury—general account 19,914 — 19,914 — — — — — — — — — — Foreign—official accounts 258 5 144 7 9 8 14 20 5 5 6 13 22 Other 394 1 280 — — 23 2 79 — — 5 2 2 Total deposits 60,454 1 3,123 29,630 1,644 1,551 3,287 4,386 3,431 1,129 784 1,139 2,460 7,890 Deferred credit items 7,107 385 801 346 332 442 719 566 383 403 1,141 400 1,189 Other liabilities and accrued dividends 1 2,524 125 1,087 67 126 172 98 251 60 36 84 123 295 TOTAL L ABILITIES 265,411 16,453 95,234 7,042 14,461 19,566 12,716 32,766 7,206 4,015 10,375 13,689 31,888 CAPITAL ACCOUNTS Capital paid in 1,918 64 484 90 112 104 171 255 58 62 80 160 278 Surplus 1,873 • 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 361 22 131 13 18 28 17 42 9 4 10 21 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 269,563 16,600 96,315 7,231 14,702 19,799 13,072 33,314 7,331 4,142 10,546 14,028 32,483 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 240,625 15,330 70,828 8,077 14,431 19,759 13,485 31,143 7,371 3,496 11,157 14,081 31,467 Less-Held by F.R. Banks 45,299 2,510 7,112 3,092 1,979 4,094 5,972 2,625 1,737 704 3,146 3,375 8,953 F.R. notes, net 195,326 12,820 63,716 4,985 12,452 15,665 7,513 28,518 5,634 2,792 8,011 10,706 22,514 Collateral held against F.R. notes: Gold certificate account 11,074 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 179,234 Total collateral 195,326 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (St. Louis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis