H.4.1 Factors Affecting Reserve Balances of Depository Institutions

o* cow. FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •:^i.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 May 21, 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 2200,, 11998877 May 13, 1987 May 21, 1986 May 20, 1987 Reserve Bank credit: L* 239,656 - 5,627 + 35,075 230,812 U.S. government securities- Bought outright—system account 205,674 - 377 + 26,809 200,054 Held under repurchase agreements 6,576 - 3,568 + 5,512 3,051 • Federal agency obligations- Bought outright 7,683 — - 454 7,683 Held under repurchase agreements 2,328 - 774 + 2,035 1,433 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 891 + 123 + 43 1,591 Includes: seasonal borrowing of 197 + 15 + 104 203 extended credit of 281 + 11 - 290 290 Float 1,024 + 806 + 603 1,846 Other F,R. assets 15,481 - 1,837 + 527 15,154 Gold stock 11,073 - 2 - 12 11,072 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,797 + 14 + 521 17,809 Total factors supplying reserve funds 273,544 - 5,615 + 35,784 264,711 Currency in circulation* 212,003 + 258 + 15,589 212,348 Treasury cash holdings* 527 - 2 - 111 527 Deposits, other than reserve balances, with F.R. Banks: Treasury 14,940 - 6,066 ; + 10,968 12,608 Foreign 286 - 31 + 65 297 Service-related balances and adjustments3 2,041 + 90 J + 226 1,793 Other 374 ; - 1 - 157 298 Other F.R. liabilities and capital 6,932 - 56 -1- 600 6,579 Total factors, other than reserve balances, absorbing reserve funds 237,103 - 5,808 + 27,180 234,450 Reserve balances with F.R. Banks4 36,441 + 194 + 8,603 30,260 On May 20, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 182,993 million, an increase of $ 3,789 million for the week. 1 Net of $ 5,423 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,511 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 11,081 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,696 million was with foreign official and international accounts. Includes $ 1,460 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,793 million and adjustments of $ 248 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 BANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday May 20, 1987 May 13, 1987 May 21 , 1986 ASSETS Gold certificate account 11,072 - 2 - 13 Special Drawing Rights certificate account 5,018 — + 200 Coin 511 - 5 - 2 Loans 1,591 + 840 + 358 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,683 — - 454 Held under repurchase agreements1 1,433 - 2,553 + 64 U.S. government securities: Bought outright—Bills 100,000 - 5,808 + 14,077 Notes 73,303 - 75 + 6,206 Bonds 26,751 + 75 + 1,475 Total bought outright^ 200,054 - 5,808 + 21,758 Held under repurchase agreements1 3,051 - 6,604 - 1,707 Total U.S. government securities 203,105 - 12,412 + 20,051 Total loans and securities 213,812 - 14,125 + 20,019 Items in process of collection (1,128) 8,003 + 1,630 + 1,550 Bank premises 677 - 1 + 48 Other assets3 14,477 - 2,392 - 417 TOTAL ASSETS (1,128) 253,570 - 14,895 + 21,385 LIABILITIES Federal Reserve notes 195,578 + 252 + 15,034 Deposits: Depository institutions 32,053 - 7,835 - 2,384 U.S. Treasury—general account 12,608 - 7,306 + 8,422 Foreign—official accounts 297 + 39 + 92 Other 298 - 96 -. 103 Total deposits 45,256 - 15,198 + 6,027 Deferred credit items j (1,128) 6,157 + 148 - 20 Other liabilities and accrued dividends4 2,386 - 138 + 124 TOTAL LIABILITIES (1,128) 249,377 - 14,936 •f 21,165 CAPITAL ACCOUNTS Capital paid in 1,948 + 30 + 115 Surplus 1,873 — + 92 Other capital accounts 372 + 11 + 13 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 $ -0- million was outstanding at the end of the latest statement week. Net of $ 11,081 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,460 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 $ 68 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 20, 1987 Acceptances and securities held under repurchase agreements 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 1,577 13,011 9,284 1,713 - 2,345 16 days to 90 days 14 44,389 6,779 554 208 91 days to 1 year 66,104 + 5,683 1,524 Over 1 year to 5 years 41,160 + 1 3,739 Over 5 years to 10 years 14,430 2,108 1,306 Over 10 years 24,011 75 280 Total 1,591 203,105 12,412 9,116 2,553 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 20, 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 11,072 706 3,171 385 664 933 596 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 511 31 18 26 40 82 50 31 28 19 44 36 106 Loans 1,591 143 518 89 6 20 277 40 77 50 94 238 39 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 1,433 1,433 U.S. government securities: Bought outright-Bills 100,000 6,168 32,173 3,026 5,997 . 8,450 4,442 11,597 2,888 1,503 3,972 5,932 13,852 Notes 73,303 4,521 23,584 2,218 4,397 6,194 3,255 8,500 2,117 1,102 2,911 4,349 10,155 Bonds 26,751 1,650 8,607 809 1,605 2,260 1,188 3,102 773 402 1,062 1,587 3,706 Total bought outright 2 200,054 12,339 64,364 6,053 11,999 16,904 8,885 23,199 5,778 3,007 7,945 11,868 27,713 Held under repurchase agreements 1 3,051 3,051 Total U.S. government securities 203,105 12,339 67,415 6,053 11,999 16,904 8,885 23,199 5,778 3,007 7,945 11,868 27,713 Total loans and securities 213,812 12,956 71,838 6,375 12,466 17,573 9,503 24,130 6,077 3,172 8,344 12,562 28,816 Items in process of collection 9,131 934 1,113 456 471 536 801 871 520 444 1,095 493 1,397 Bank premises 677 92 32 46 32 102 54 53 19 24 47 20 156 Other assets 3 14,477 469 3,106 496 686 707 920 4,409 352 329 486 890 1,627 Interdistrict settlement account -0- - 63 +4,671 - 936 - 260 -1,220 + 514 +2,001 - 151 - 70 - 327 - 965 -3,194 TOTAL ASSETS 254,698 15,439 85,438 7,010 14,413 19,174 12,641 33,534 7,356 4,153 10,467 14,012 31,061 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 $ 11,081 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S1»460 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 $68 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 May 20. 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 195.578 12,801 63,497 5,011 12,262 15,648 7,870 2288,,339900 55,,666677 22,,778899 77,,994422 1100,,888866 22,815 Deposits: Depository institutions 32,053 1,951 6,067 1,426 1,424 2,624 3,584 33,,664411 11,,003377 777711 11 119988 22,,223322 6,098 U.S. Treasury—general account 12,608 12,608 Foreign—official accounts 297 5 183 7 9 8 14 2200 55 55 66 1133 22 Other 298 1 189 1 1 23 1 7744 44 33 1 Total deposits 45,256 1,957 19,047 1,434 1,434 2,655 3,599 33,,773355 11,,004422 777766 11,,220088 22,,224488 6,121 Deferred credit items 7,285 399 911 306 341 455 712 559955 445588 11,,005577 440088 1,221 Other liabilities and accrued 442222 dividends 1 2,386 134 869 69 134 182 104 226655 6655 8899 113311 306 TOTAL LIABILITIES 250,505 15,291 84.324 6,820 14,171 18,940 12,285 32,985 7,232 4,0233588 10,296 13,673 30,463 CAPITAL ACCOUNTS Capital paid in 1,948 64 514 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 372 23 134 14 19 29 17 43 8 5 10 21 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 254,698 15,439 85,438 7,010 14,413 19,174 12.641 33,534 7,356 4,153 10,467 14,012 31,061 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 241,142 15,302 70,781 8,115 14,296 19,760 13,882 31,147 7,456 3,479 11,093 14,222 31,609 Less-Held by F.R. Banks 45,564 2,501 7,284 3,104 2,034 4,112 6,012 2,757 1,789 690 3,151 3,336 8,794 F.R. notes, net 195,578 1122,,880011 6633,,449977 55,,001111 1122,,226622 1155,,664488 77,,887700 2288,,339900 55,,666677 22,,778899 77,,994422 1100,,888866 22,815 Collateral held against F.R. notes: Gold certificate account 11,072 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 179,488 Total collateral 195,578 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