H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•vjofjgw.; FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when Mi. 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 June 4, 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 JJuunnee 33,, 11998877 1 May 27, 1987 June 4, 1986 June 3, 1987 Reserve Bank credit: 12 231,081 - 6,452 ' + 24,597 ' 229,511 U.S. government securities- Bought outright—system account 206,629 + 215 + 24,652 204,230 Held under repurchase agreements — - 4,389 — — Federal agency obligations- Bought outright 7,683 — - 454 7,683 Held under repurchase agreements — - 1,763 — — Acceptances- Bought outright — — ~ — Held under repurchase agreements — — — — Loans to depository institutions 760 - 667 - 92 653 Includes: seasonal borrowing of 233 + 15 + 130 222 extended credit of 287 - 20 - 283 271 Float 940 + 254 + 482 1,624 Other F.R. assets 15,068 - 103 + 8 15,321 Gold stock 11,070 - 2 - 15 11,070 Special Drawing Rights certificate account 5,018 ~ + 200 5,018 Treasury currency outstanding 17,825 + 14 + 528 17,837 Total factors supplying reserve funds 264,994 - 6,440 + 25,310 263,436 Currency in circulation* 213,772 • + 882 + 15,732 214,207 Treasury cash holdings* 513 - 7 - 117 511 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,067 - 7,617 + 2,380 4,359 Foreign 282 + 24 + 42 296 Service-related balances and adjustments3 2,206 + 251 + 346 1,779 Other 385 + 23 - 64 375 Other F.R. liabilities and capital 6,507 - 341 + 363 6,285 Total factors, other than reserve balances, absorbing reserve funds 228,732 - 6,786 + 18,682 227,812 Reserve balances with F.R. Banks4 36,261 + 344 i + 6,626 35,623 On June 3, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $182,495 million, an increase of $3,022 million for the week. 1 Net of $ 4,557 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,755 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 6,981 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,176 million was with foreign official and international accounts. Includes $ 872 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,779 million and adjustments of $ 427 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 SANK* Millions of dollars Change since Wednesday Wednesday Wednesday June 3, 1987 May 27, 1987 June 4, 1986 ASSETS Gold certificate account 11,070 15 Special Drawing Rights certificate account 5,018 200 Coin 466 18 16 Loans 653 144 406 Acceptances- Held under repurchase agreements Federal agency obligations— 7,683 454 Bought outright — - 1 ,426 -- Held under repurchase agreements1 U.S. government securities: 104 ,176 - 1 ,623 + 13 ,859 Bought outright—Bills 73 303 — + 6 ,206 Notes 2266 775511 — ++ 11 .475 Bonds 220044 ,,223300 - 1 .623 ++ 2211 .540 Total bought outright2 — -- 88 ,,990011 — Held under repurchase agreements1 204 230 1100 ..552244 + 21 ,540 Total U.S. government securities 212 ,566 - IT ,m + —2rJ 7&5Q Total loans and securities (1 ,433) 8 242 - 1 .137 + 536 Items In process of collection 679 + 1 + 47 Bank premises 14 ,642 - 150 - 358 Other assets3 (1 ,433) 252,683 - IT rsss + —rrj m TOTAL ASSETS LIABILITIES Federal Reserve notes 197,348 466 15,188 Deposits: Depository institutions 37,402 5,555 + 2,605 U.S. Treasury—general account 4,359 6,473 + 3,007 Foreign—official accounts 296 59 + 84 Other 375 71 50 Total deposits 42,432 - 12,158 + 5,646 Deferred credit items (1,433) 6,618 - 1,204 - 153 Other liabilities and accrued dividends4 2,228 - 360 + 50 TOTAL LIABILITIES (1,433) 248,626 - 13,256 + 20,731 CAPITAL ACCOUNTS Capital paid in 1,952 + 146 Surplus 1,873 + 103 Other capital accounts 232 146 + 94 * 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 S -0- million was outstanding at the end of the latest statement week. 2 Net of $ 6,981 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 872 million securities loaned—fully aecured 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. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, June 3, 1987 Acceptances and securities held under repurchase agreements are claaaifled 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 (Weakly changes Within 15 days 548 — 9,440 - 11,562 73 - 1,634 16 days to 90 days 105 — 48,411 + 623 777 + 245 91 days to 1 year — — 66,838 + 474 1,484 - 37 Over 1 year to 5 years — — 41,100 - 60 3,763 — Over 5 years to 10 years — — 14,430 — 1,306 — Over 10 years 2244,,001111 ++ 11 228800 — ""••**~~"" Total 665533 220044,,2233ff** 1100,,552244 77,,668833 - 1,426 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 June 3, 1987 Millions of dollars 1 Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis | City Dallas Francisco LIABILITIES Federal Reserve notes 197,348 12,768 63,985 4,956 12,328 15,894 7,908 28,720 5,759 2,815 8,064 11,092 23,059 Deposits: Depository institutions 37,402 2,245 9,723 1,825 1,749 2,216 3,545 3,240 973 888 1,186 2,621 7,191 U.S. Treasury—general account 4,359 — 4,359 — — -- — — — — — Foreign—official accounts 296 5 182 7 9 8 14 20 5 5 6 13 22 Other 375 1 262 1 11 3311 2 71 — — 2 3 1 Total deposits 42,432 2,251 14,526 1,833 11,,775599 22,,225555"" 3,561 3,331 978 893 1,194 2,637 7,214 Deferred credit items 8,051 426 919 564 339 484 723 717 465 403 1,182 469 1,360 Other liabilities and accrued dividends ! 2,228 133 707 68 134 118822 110044 226633 6633 3399 9911 112299 315 TOTAL LIABILITIES 250,059 15,578 80,137 7,421 14,560 1188,,881155 1122,,229966 3333,,003311 77,,226655 "" 44,,115500 1100,,553311 1144,,332277 31,948 CAPITAL ACCOUNTS Capital paid in 1,952 65 514 91 112 104 172 255 58 62 80 161 278 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 232 17 105 7 9 19 4 24 4 2 4 9 28 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 254,116 15,721 81,222 7,605 14,792 19,039 12,640 33,561 7,385 4,275 10,696 14,655 32,525 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 241,896 15,366 70,956 8,076 14,308 20,009 13,752 31,359 7,487 3,508 11,154 14,405 31,516 Less-Held by F.R. Banks 44,548 2,598 6,971 3,120 1,980 44,,111155 55,,884444 22,,663399 11,,772288.. 669933 33,,009900 33,,331133 8,457 F.R. notes, net 197,348 12,768 63,985 4,956 12,328 1155,,889944 77,,990088 2288"",, 772200 5577775599 22,,881155 88,,006644 1111,,009922 23,059 Collateral held against F.R. notes: Gold certificate account 11,070 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 181,260 Total collateral 197,348 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

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 3, 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 11,070 706 3,169 385 664 933 596 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 466 26 14 24 35 76 48 25 26 19 42 34 97 Loans 653 34 2 70 5 13 46 38 65 71 78 223 8 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 ' — — — ~ ~ ~ — — — — — — ~ U.S. government securities: Bought outright-Bills 104,176 6,425 33,517 3,153 6,248 8,803 4,627 12,081 3,008 1,566 4,137 6,180 14,431 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 2 204,230 12,596 65,708 6,180 12,250 17,257 9,070 23,683 5,898 3,070 8,110 12,116 28,292 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 204,230 12,596 65,708 6,180 12,250 17,257 9,070 23,683 5,898 3,070 8,110 12,116 28,292 ~ Total loans and securities 212,566 13,104 68,182 6,483 12,716 17,919 9,457 24,612 6,185 3,256 8,493 12,795 29,364 Items in process of collection 9,675 553 946 785 400 514 828 1,074 562 475 1,209 768 1,561 Bank premises 679 93 32 46 32 103 54 53 19 24 47 20 156 Other assets 3 14,642 475 2,972 494 686 720 914 4,407 352 331 492 886 1,913 I nterdistrict settlement account -0- + 450 + 4,418 - 774 55 - 1,,687 + 540 + 1,351 - 270 65 - 365 _Z 824 - 2,719 TOTAL ASSETS 254,116 15,721 81,222 7,605 14,792 19,039 12,640 33,561 7,385 4,275 10,696 14,655 32,525 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 $ 6,981 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 872 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