H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.^ygjo^-. 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 a. Condition Statement of F.R. Banks June 11, 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 1100,, 11998877 " June 3, 1987 June 11, 1986 June 10, 1987 Reserve Bank credit: 1 2 231,672 + 645 + 25,283 230,591 U.S. government securities- Bought outright—system account 207,889 + 1,260 + 26,078 206,811 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 7,683 — - 454 7,683 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 619 - 141 - 84 582 Includes: seasonal borrowing of 218 - 15 + 119 221 extended credit of 255 - 32 - 275 246 Float 496 - 432 - 265 452 Other F.R. assets 14,985 - 41 + 7 15,063 Gold stock 11,070 — - 15 11,069 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,839 + 14 + 534 17,851 Total factors supplying reserve funds 265,599 + 659 + 26,002 264,529 Currency in circulation* 214,491 + 719 + 15,851 214,929 Treasury cash holdings* 514 + 1 - 109 514 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,712 - 1,355 + 1,237 2,811 Foreign 223 - 59 + 7 234 Service-related balances and adjustments3 2,104 - 102 + 325 1,823 Other 364 - 21 - 56 378 Other F.R. liabilities and capital 6,613 +_ 106 + 522 6,514 Total factors, other than reserve balances, absorbing reserve funds 228,022 - 710 + 17,778 227,203 Reserve balances with F.R. Banks 4 37,576 + 1,369 + 8,224 37,326 On June 10, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 178,565 million, a decrease of $ 3,930 million for the week. 1 Net of $ 3,412 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,412 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,734 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,734 million was with foreign official and international accounts. Includes $ 938 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,823 million and adjustments of $ 281 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 June 10, 1987 June 3, 1987 June 11, 1986 ASSETS I Gold certificate account 11,069 - 1 - 16 Special Drawing Rights certificate account 5,018 — + 200 Coin 463 - 3 - 32 Loans 582 - 71 - 168 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,683 — - 454 Held under repurchase agreements'! — — — U.S. government securities: Bought outright—Bills 106,757 + 2,581 + 17,980 Notes 73,303 — + 6,206 Bonds 2266,,775511 — ++ 1,475 Total bought outright^ 220066,,881111 + 2,581 ++ 25,661 Held under repurchase agreements 1 — — — Total U.S. government securities 206,811 + 2,581 + 25,661 Total loans and securities 215,076 + 2,510 + 25,039 Items in process of collection (981) 6.209 - 2,033 - 244 Bank premises 679 + 47 Other assets 3 14,384 . 258 223 TOTAL ASSETS (981) 252,898 + 215 + 24,771 LIABILITIES Federal Reserve notes 198,055 + 707 + 15,358 Deposits: Depository institutions 39,149 + 1,747 + 9,566 U.S. Treasury—general account 2,811 . 1,548 _ 185 Foreign—official accounts 234 _ 62 + 26 Other 378 + 3 . 67 Total deposits (981) 42,572 + 140 + 9,340 Deferred credit items ((998811)) 5,757 _ 861 267 Other liabilities and accrued dividends4 2,302 + 74 + 54 TOTAL LIABILITIES 248,686 + 60 + 24,485 CAPITAL ACCOUNTS Capital paid in 1,953 + 1 + 146 Surplus 1,873 — + 93 Other capital accounts 386 + 154 + 47 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 S -0- million was outstanding at the end of the latest atatement week. Net of $4,734 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $938 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 $ 69 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, June 10, 1987 Acceptances and securities held under repurchase agreements are claaaified as maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings (Weekly changes Within 15 days 460 — 10,860 + 1,420 18 . 55 16 days to 90 days 122 — 51,710 + 3,299 759 » 18 91 days to 1 year 1 — 64,700 - 2,138 1,509 + 25 Over 1 year to 5 years — — 41,100 __ 3,824 + 61 Over 5 years to 10 years — — 14,430 1,293 13 Over 10 years —— 2244,,001111 — 228800 Total 558822 220066,,881111 + 2,581 77,,668833 — 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 10, 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 11,069 706 3,168 385 664 933 596 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 463 26 13 23 35 76 50 25 26 18 41 34 96 Loans 582 29 2 42 6 10 40 35 55 78 65 210 10 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 U.S. government securities: Bought outright-Bills 106,757 6,585 34,347 3,231 6,403 9,021 4,741 12,380 3,083 1,604 4,240 6 ,333 14,789 Notes 73,303 4,521 23,584 2,218 4,396 6,194 3,256 8,501 2,117 1,102 2,911 4 ,349 10,154 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 2 206,811 12,756 66,538 6,258 12,404 17,475 9,185 23,983 5,973 3,108 8,213 12 ,269 28,649 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 206,811 12,756 66,538 6,258 12,404 17,475 9,185 23,983 5,973 3,108 8,213 12 ,269 28,649 Total loans and securities 215,076 13,259 69,012 6,533 12,871 18,134 9,566 24,909 6,250 3,301 8,583 12 ,935 29,723 Items in process of collection 7,190 459 711 371 273 38 987 727 375 243 1,101 448 1,457 Bank premises 679 92 32 46 32 103 55 53 19 24 47 20 156 Other assets 3 14,384 480 2,996 487 686 722 899 4,416 351 329 494 882 1,642 Interdistrict settlement account -0- + 102 + 3,478 - 828 507 - 899 + 577 + 1,100 - 206 - 176 - 562 708 - 1,371 TOTAL ASSETS 253,879 15,438 80,899 7,179 14,368 19,568 12,933 33,269 7,326 3,974 10,482 14 ,587 33,856 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 $ 4,734 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $938 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 $ 69 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 June 10, 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 LIABILITIES Federal Reserve notes 198,055 12,784 64,337 4,995 12,312 15,982 7,909 28,886 5,736 2,829 8,001 11,237 23,047 Deposits: Depository institutions 39,149 1,980 10,693 1,598 1,418 2,716 3,895 2,959 1,038 622 1,190 2,468 8,572 U.S. Treasury—general account 2,811 — 2,811 — — — — — — — — — — Foreign—official accounts 234 5 120 7 9 8 14 20 5 5 6 13 22 Other 378 — 260 — 1 29 2 77 — — 5 3 1 Total deposits 42,572 1,985 13,884 1,605 1,428 2,753 3,911 3,056 1,043 627 1,201 2,484 8,595 Deferred credit items 6,738 388 775 319 254 421 651 514 360 351 1,018 395 1,292 Other liabilities and accrued dividends 1 2,302 132 774 69 133 181 105 264 62 39 89 130 324 TOTAL LIABILITIES 249,667 15,289 79,770 6,988 14,127 19,337 12,576 32,720 7,201 3,846 10,309 14,246 33,258 CAPITAL ACCOUNTS Capital paid in 1,953 65 514 91 112 104 172 255 58 62 81 161 278 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 386 23 149 14 18 26 17 43 9 5 11 22 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 253,879 15,438 80,899 7,179 14,368 19,568 12,933 33,269 7,326 3,974 10,482 14,587 33,856 FEDERAL RESERVE AGENTS- ACCOUNTS F.R. notes outstanding 242,158 15,402 70,940 8,076 14,283 20,097 13,707 31,543 7,471 3,515 11,113 14,512 31,499 Less-Held by F.R. Banks 44,103 2,618 6,603 3,081 1,971 4,115 5,798 22,,665577 11,,773355 668866 33,,111122 33,,227755 8,452 F.R. notes, net 198,055 12,784 64,337 4,995 12,312 15,982 7,909 2288,,888866 55,,773366 22,,882299 88,,000011 1111,,223377 23,047 Collateral held against F.R. notes: Gold certificate account 11,069 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 181,968 Total collateral 198,055 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