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 June 18, 1987 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items Week ended Change from week ended Wednesday jJune 17i 1997 June 10, 1987 June 18, 1986 June 17, 1987* Reserve Bank credit: 1-2 231,766 94 + 22,285 235,159 U.S. government securities- Bought outright—system account 206,895 994 + 25,701 206,555 Held under repurchase agreements 539 539 - 1,709 3,771 Federal agency obligations- Bought outright 7,683 454 7,683 Held under repurchase agreements 43 43 696 302 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 651 + 32 83 716 Includes: seasonal borrowing of 248 + 30 143 261 extended credit of 252 3 269 259 Float 825 + 329 284 772 Other F.R. assets 15,130 + 145 190 15,360 Gold stock 11,069 1 16 11,068 Special Drawing Rights certificate account 5,018 + 200 5,018 Treasury currency outstanding 17,853 14 + 540 17,865 Total factors supplying reserve funds 265,705 + 106 + 23,008 269,110 Currency in circulation** 214,785 + 294 + 15,906 214,796 Treasury cash holdings** 511 3 101 503 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,879 + 167 + 804 8,126 s Foreign 228 + 5 + 19 232 Service-related balances and adjustments3 2,239 + 136 + 279 1,823 Other 361 3 172 389 Other F.R. liabilities and capital 6,891 278 435 6,785 Total factors, other than reserve balances, absorbing reserve funds 228,894 873 + 17,170 232,654 Reserve balances with F.R. Banks4 36,811 766 + 5,839 36,456 On June 17, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 179,846 million, an increase of $ 1,281 million for the week. 1 Net of $ 4,756 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $4,756 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,175 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,175 million was with foreign official and international accounts. Includes $ 331 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,823 million and adjustments of $ 416 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Minneapolis 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 RANKS Millions of dollars _ __ Change since ** WWeeddnneessddaayy **** Wednesday Wednesday June 17, 1987 June 10, 1987 June 18, 1986 ASSETS Gold certificate account 11,068 - 1 - 16 Special Drawing Rights certificate account 5,018 — + 200 Coin 469 + 6 - 18 Loans 716 + 134 - 156 Acceptances- Held under repurchase agreements -- Federal agency obligations- Bought outright 7,683 -~ —' " 454 Held under repurchase agreements1 302 + 302 - 478 U.S. government securities: Bought outright—Bills 106,501 - 256 + 15,319 Notes 73,303 — + 6,206 Bonds 2266,,775511 ++ 1,475 Total bought outright^ 220066,,555555 __ 256 ++ 23,000 Held under repurchase agreements1 3,771 + 3,771 + 2,876 Total U.S. government securities 210,326 + 3,515 + 25,876 Total loans and securities 219,027 + 3,951 + 24,788 Items in process of collection (1336) 7,521 + 1,312 - 127 Bank premises 683 + 4 + 49 Other assets 3 14,677 + 293 - 397 TOTAL ASSETS (1336) 258,463 + 5,565 + 24,479 LIABILITIES Federal Reserve notes 197,903 - 152 + 15,367 Deposits: Depository institutions 38,279 - 870 + 5,438 U.S. Treasury—general account 8,126 + 5,315 + 3,504 . Foreign—official accounts 232 - 2 + 51 Other 389 + 11 - 128 Total deposits 1 47,026 + 4,454 + 8,865 Deferred credit items (1336) 6,749 + 992 _ 267 Other liabilities and accrued dividends4 2,573 + 271 + 257 TOTAL LIABILITIES (1336) 254,251 + 5,565 + 24,222 CAPITAL ACCOUNTS Capital paid in 1,954 + 1 + 148 Surplus l 1,873 — + 92 Other cap'tal accounts 385 - 1 + 17 • 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 $ million was outstanding at the end of the latest statement week. 2 Net of $5,175 million matched sale-purchase transactlona outstanding at the end of the latest statement week. Includes $331 million securities loaned—fully aecured by U.S. government securities. 3 Includes assets denominated In foreign currencies, revalued monthly at market exchange ratea. Includes special Investment account at Chicago of $ 70 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 (Minneapolis District) MATURITY DISTRIBUTION OF LOANS AND SECURITIES, June 10, 1987 Acceptances and securities held under repurchase agreements are claaaified aa 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 689 11,801 + 941 531 + 513 16 days to 00 days 27 50,807 903 618 - 141 91 days to 1 year ~" —- 68,177 + 3,477 1,439 - 70 Over 1 year to 5 years — — . 41,100 — 3,824 — Over 5 years to 10 years — — 14,430 — 1,293 — Over 10 years — — 24,011 — 280 — Total 716 210,326 + 3,515 7,985 302 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 17. 1987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS 11.068 706 3,167 385 664 933 596 1,383 351 169 562 669 1,483 Gold certificate account 5.018 314 1.489 162 314 461 203 656 160 66 216 307 670 Special Drawing Rights certif. acct. Coin 469 27 16 23 35 77 49 26 26 17 41 34 98 Loans 716 28 12 57 6 34 48 40 88 79 88 215 21 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7.683 474 2.472 232 461 649 341 891 . 222 116 305 456 1,064 Held under repurchase agreements 1 302 302 U.S. government securities: Bought outright-Bills 106.501 6,569 34.265 3,223 6,388 8,999 4,730 12,350 3,076 1,601 4,229 6.318 14,753 Notes 73.303 4,521 23,584 2,218 4,396 6.194 3,255 8,501 2,117 1,102 2,911 4,349 10,155 26.751 1,650 8,607 809 1,605 2,260 1,188 3,102 772 402 1,063 1.587 3,706 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 222 206.555 12,740 66,456 6,250 12,389 17,453 9,173 23,953 5,965 3,105 8,203 12,254 28,614 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 111 3.771 3,771 TTToootttaaalll UUU...SSS... gggooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 210.326 12,740 70,227 6,250 12,389 17,453 9,173 23,953 5,965 3,105 8,203 12,254 28,614 TTToootttaaalll llloooaaannnsss aaannnddd ssseeecccuuurrriiitttiiieeesss 219.027 13,242 73,013 6,539 12,856 18,136 9,562 24.884 6.275 3,300 8,596 12,925 29,699 IIIttteeemmmsss iiinnn ppprrroooccceeessssss ooofff cccooolllllleeeccctttiiiooonnn 8,857 557 1,005 691 395 511 813 633 627 432 1,240 610 1,343 BBBaaannnkkk ppprrreeemmmiiissseeesss 683 93 32 46 32 103 55 56 19 24 47 20 156 OOOttthhheeerrr aaasssssseeetttsss 333 14,677 494 3,137 491 703 735 923 4.465 355 324 494 887 1,669 IIInnnttteeerrrdddiiissstttrrriiicccttt ssseeettttttllleeemmmeeennnttt aaaccccccooouuunnnttt -0- + 414 + 1,976 - 930 714 - 1,062 + 1,108 + 2.408 + 117 - 151 - 379 + 273 - 3,060 TOTAL ASSETS 259,799 15,847 83,835 7,407 14,285 19,894 13,309 34.511 7.930 4,181 10,817 15,725 32,058 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 $ 5,175 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 331 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 $ 70 million in Treasury Bills maturing within 90 days. * Estimated (Minneapolis 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 June 17, 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 197,903 12,766 64,337 5,009 12,158 15,869 7,797 28,913 5,821 2,824 7,944 11.491 22,974 Deposits: Depository institutions 38,279 2,326 8,030 1,576 1,399 3,109 4,319 4,055 1,429 747 1,366 3.195 6,728 U.S. Treasury—general account 8,126 8,126 Foreign-official accounts 232 5 118 7 9 8 14 20 5 5 6 13 22 Other 389 1 263 1 1 29 2 83 1 2 4 2 Total deposits 47,026 2,332 16,537 1,584 1,409 3,146 4,335 4,158 1,434 753 111,,,333777444 333,,,222111222 6,752 Deferred credit items 8,085 458 894 548 326 450 709 606 482 434 111,,,222333111 555444111 1,406 Other liabilities and accrued dividends ! 2,573 144 941 74 150 195 111 285 68 42 999777 111444000 326 TOTAL LIABILITIES 255,587 15,700 82,709 7,215 14,043 19.660 12,952 33,962 7.805 44,,005533 111000,,,666444666 111555...333888444 31,458 CAPITAL ACCOUNTS Capital paid in 1,954 65 514 92 112 104 172 255 58 6622 888111 111666111 278 Surplus 1,873 61 466 86 111 101 168 251 58 6611 888111 111555888 271 Other capital accounts 385 21 146 14 19 29 17 43 9 55 999 222222 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 259,799 15.847 83.835 7,407 14,285 19,894 13,309 34,511 7.930 44,,118811 111000,,,888111777 111555,,,777222555 32,058 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 243,010 15,436 71.030 8,139 14,280 20,107 13,593 31,900 7,607 3,508 11.115 14.833 31,462 Less-Held by F.R. Banks 45,107 2,670 6,693 3,130 2,122 4,238 5,796 2,987 1,786 684 3,171 3,342 8,488 F.R. notes, net 197,903 1122,,776655 6644,,333377 55,,000099 1122..115588 1155,,886699 77,,779977 2288,,991133 55,,882211 22,,882244 77,,994444 1111,,449911 22,974 Collateral held against F.R. notes: Gold certificate account 11,068 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 181,817 Total collateral 197,903 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Minneapolis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis