H.4.1 Factors Affecting Reserve Balances of Depository Institutions

:;*jy§%.. 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 2£i , 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 2277,, 11998877 4ay" 20, 1987 May 28, 1986 May 27, 1987 Reserve Bank credit: 1>2 237,533 _ 2,125 + 33,146 241,687 U.S. government securities- Bought outright—system account 206,414 + 740 + 26,965 205,853 Held under repurchase agreements 4,389 - 2,187 + 4,389 8,901 Federal agency obligations- Bought outright 7,683 — - 454 7,683 Held under repurchase agreements 1,763 - 565 + 1,763 1,426 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,427 + 536 + 537 797 Includes: seasonal borrowing of 218 + 21 + 119 237 extended credit of 307 + 26 - 254 302 Float 686 - 330 - 238 1,557 Other F.R. assets 15,171 - 320 + 183 15,470 Gold stock 11,072 - 1 - 13 11,072 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,811 + 14 + 524 17,823 Total factors supplying reserve funds 271,434 - 2,112 + 33,857 275,600 Currency in circulation* 212,889 + 885 + 15,713 213,699 Treasury cash holdings* 521 - 5 - 114 521 Deposits, other than reserve balances, with F.R, Banks: Treasury 12,684 - 2,256 + 9,104 10,832 Foreign 258 - 28 + 40 355 Service-related balances and adjustments3 1,948 - 93 + 57 1,771 Other 362 - 12 - 33 446 Other F.R. liabilities and capital 6,848 - 84 + 579 6,789 Total factors, other than reserve balances, absorbing reserve funds 235,511 - 1,592 + 25,347 234,413 Reserve balances with F.R. Banks4 35,924 - 519 + 8,511 41,186 On May 27, 1987 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official t and international accounts were $ 179,473 million, a decrease of $ 3,520 million for the week. 1 Net of $4,763 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $4,763 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,329 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,329 million was with foreign official and international accounts. Includes $ 1,615 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,771 million and adjustments of $ 177 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 Wednesday Wednesday Wednesday May 27, 1987 May 20, 1987 May 28, 1986 ASSETS Gold certificate account 11,072 13 Special Drawing Rights certificate account 5,018 200 Coin 484 27 7 Loans 797 794 15 Acceptances- Held under repurchase agreements Federal agency obligations- 7,683 454 Bought outright 1,426 - 7 1,426 Held under repurchase agreements'! U.S. government securities: 105,799 + 5,799 + 16,673 Bought outright—Bills 73,303 + 6,206 Notes 26,751 — + 1,475 Bonds 205,853 + 5,799 + 24,354 Total bought outright^ 8,901 + 5,850 + 8,901 Held under repurchase agreements1 214,754 + 11,649 + 33,255 Total U.S. government securities 224,660 + 10,848 + 34,212 Total loans and securities (1,669) 9,379 + 1,376 - 2,473 Items in process of collection 678 + 1 + 49 Bank premises 14,792 + 315 + 182 Other assets 3 (1,669) 266,083 + 12,513 32,150 TOTAL ASSETS LIABILITIES Federal Reserve notes 196,882 + 1,304 15,031 Deposits: Depository institutions + 10,904 + 9,991 U.S. Treasury—general account 1,776 + 6,734 Foreign—official accounts + 58 + 76 Other + 148 - 51 Total deposits + 9,334 + 16,750 Deferred credit items (1,669) + 1,665 - 286 Other liabilities and accrued dividends4 + 202 + 428 TOTAL LIABILITIES (1,669) 261,882 + 12,505 + 31,923 CAPITAL ACCOUNTS Capital paid in 1,950 + 116 Surplus 1,873 + 92 Other capital accounts 378 + 19 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-purchaae transactions to foreign official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $5,329 million matched sale-purchaae transactions outstanding at the end of the latest statement week. Includes $1,615 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 $ 62 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 27, 1987 Acceptances and securities held under repurchase agreements are claaaified aa maturing within 15 days in accordance with maximum maturity of the agreements. U.8. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings IWeekly changes Holdings |Weekly changes Within 15 days 781 — 21,002 + 7,991 1,707 - 6 16 days to 90 days 16 — 47,788 + 3,399 532 - 22 91 days to 1 year — — 66,364 + 260 1,521 - 3 Over 1 year to 5 years — — 41,160 — 3,763 •f 24 Over 5 years to 10 years — — 14,430 — 1,306 — Over 10 years 2244,,001100 11 228800 — Total 779977 ——mmmm 221144,,775544 ++ 1111,,664499 99,,110099 .- 7 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 27, 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 11,072 706 3,171 385 664 933 596 1,383 351 169 562 669 1,483 Special Draw ng Rights certif. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 484 28 15 25 38 78 48 28 27 19 42 35 101 Loans 797 68 2 116 6 15 39 43 88 66 83 250 21 Acceptances held under repurchase — — -- ~ -- — — — — — ~ — — agreements Federal agency obligations: 7,683 474 2,472 233 461 649 341 891 222 115 305 456 1,064 Bought outright Held under repurchase agreements 1 1,426 -- 1,426 — — — — — — ~ — — — U.S. government securities: Bought outright-Bills 105,799 6,526 34,039 3,202 6 ,346 8,940 4,699 12,269 3,055 1,590 4,201 6 ,276 14,656 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_, 604 2,260 1,188 3,102 773 402 1,063 1_,5 87 3,706 Total bought outright 2 205,853 12,697 66,230 6,229 12 ,347 17,394 9,142 23,871 5,945 3,094 8,175 12 ,212 28,517 Held under repurchase agreements 1 8,901 — 8,901 — — — — — — — — — — Total U.S. government securities 214,754 12,697 75,131 6,229 12 ,347 17,394 9,142 23,871 5,945 3,094 8,175 12 ,212 28,517 Total loans and securities 224,660 13,239 79,031 6,578 12 ,814 18,058 9,522 24,805 6,255 3,275 8,563 12 ,918 29,602 Items in process of collection 11,048 617 1,233 705 618 671 1,038 1,040 815 546 1,456 625 1,684 Bank premises 678 92 32 46 32 103 54 53 19 24 47 20 156 Other assets 3 14,792 481 3,322 496 690 721 931 4,415 356 334 492 908 1,646 Interdistrict settlement account 1 -o- + 276 + 3,643 - 909 - 362 - 1,751 + 391 + 1,526 - 358 - 183 738 - 713 822 TOTAL ASSETS j 267,752 15,753 91,936 7,488 14 ,808 19,274 12,783 33,906 7,625 4,250 10,640 14", 769 34,520 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 $ 5,329 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,615 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 $ 62 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 27, 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 196,882 12,845 63,790 5,050 12,380 15,798 7,961 28,568 5,708 2,809 7,903 11,007 23,063 Deposits: Depository institutions 42,957 2,105 13,544 1,650 1,540 2,456 3,436 3,662 1,063 747 1,066 2,681 9,007 U.S. Treasury—general account 10,832 — 10,832 — — — — — — — — — — Foreign—official accounts 355 5 241 7 9 8 14 20 5 5 6 13 22 Other 446 1 337 1 1 20 2 73 — — 7 3 1 Total deposits 54,590 2,111 24,954 1,658 1,550 2,484 3,452 3,755 1,068 752 1,079 2,697 9,030 Deferred credit items 9,491 515 1,007 521 500 577 910 769 659 522 1,397 594 1,520 Other liabilities and accrued dividends 1 2,588 135 1,052 70 137 183 105 268 65 39 91 132 311 TOTAL LIABILITIES 263,551 15,606 90,803 7,299 14,567 19,042 12,428 33,360 7,500 4,122 10,470 14,430 33,924 CAPITAL ACCOUNTS Capital paid in 1,950 64 514 91 112 104 172 255 58 62 80 160 278 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 378 22 153 12 18 27 15 40 9 5 9 21 47 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 267,752 15,753 91,936 7,488 14,808 19,274 12,783 33,906 7,625 4,250 10,640 14,769 34,520 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 241,622 15,349 70,970 8,084 14,341 19,821 13,863 31,275 7,482 3,495 11,061 14,281 31,600 Less-Held by F.R. Banks 44,740 , 2,504 7,180 3,034 1,961 4,023 5,902 2,707 1,774 686 3,158 3,274 8,537 F. R. notes, net 196,882 12,845 63,790 5,050 12,380 15,798 7,961 28,568 5,708 2,809 7,903 11,007 23,063 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 180,792 Total collateral 196,882 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