H.4.1 Factors Affecting Reserve Balances of Depository Institutions

$jm&:: 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 25, 1987 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items WWeeeekk eennddeedd '' Chan~~g""e~~ from week ended '' WWeeddnnee~~ss~~dd aayy JJuunnee 2244,, 11998877 JJuunnee 2244,, 11998877 June 17, 1987 June 25, 1986 Reserve Bank credit: 1 2 240,802 + 9,036 + 33,532 242,395 U.S. government securities- Bought outright—system account 210,886 + 3,991 + 28,741 210,712 Held under repurchase agreements 4,420 + 3,881 + 4,420 5,959 Federal agency obligations- Bought outright 7,683 _ 454 7,683 Held under repurchase agreements 449 + 406 + 449 711 Acceptances- Bought outright __ _ _ __ „_ Held under repurchase agreements __ _ _ Loans to depository institutions 823 + 172 + 39 760 Includes: seasonal borrowing of 289 + 41 + 168 304 extended credit of 289 + 47 - 242 311 Float 799 - 22 + 28 645 Other F.R. assets 15,742 + 608 + 309 15,925 Gold stock 11,069 _ 15 11,069 Special Drawing Rights certificate account 5,018 + 200 5,018 Treasury currency outstanding 17,867 -1- 14 + 545 17,879 Total factors supplying reserve funds 274,755 + 9,050 + 34,261 276,361 Currency in circulation" 214,346 _ 439 + 15,910 214,290 Treasury cash holdings* 502 _ 9 _ 108 499 Deposits, other than reserve balances, with F.R. Banks: Treasury 14,570 + 10,691 + 11,142 16,356 Foreign 237 + 9 - 4 208 Service-related balances and adjustments3 2,033 - 206 + 102 1,768 Other 333 _. 28 - 175 374 Other F.R. liabilities and capital 6,950 + 59 _+ 568 6,832 Total factors, other than reserve balances, absorbing reserve funds 238,970 + 10,076 + 27,434 240,327 Reserve balances with F.R. Banks 4 35,785 - 1,026 + 6,828 36,034 On j 24, 1987 » marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official une and international accounts were $ 177808 million, a decreaseof $ 2,038 million for the week. f 1 Net of $ 3,362 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,362 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S government securities. 2 Net of $ 3,536 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,536 million was with foreign official and international accounts. Includes $ 129 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,768 million and adjustments of $ 265 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 wmmmm Change since •• WWeeddnneessddaayy Wedn esday Wednesday June 24, 1987 June 17, 1987 June 25, 1986 ASSETS Gold certificate account 11,069 + 1 - 15 Special Drawing Rights certificate account 5,018 — + 200 Coin 463 - 6 - 29 Loans 760 + 44 - 37 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,683 — - 454 Held under repurchase agreements 1 711 + 409 + 711 U.S. government securities: Bought outright—Bills 108,166 + 1,665 + 18,646 Notes 75,522 + 2,219 + 8,425 Bonds 27,024 + 273 + 1,748 Total bought outright2 210,712 + 4,157 + 28,819 Held under repurchase agreements'! 5,959 + 2,188 + 5,959 Total U.S. government securities 216,671 + 6,345 + 34,778 Total loans and securities 225,825 + 6,798 + 34,998 Cash Items in process of collection (1226) 6,440 1,087 + 362 Bank premises 680 _ 3 + 46 Other assets 3 15,245 + 574 33 TOTAL ASSETS (1226) 264,740 + 6,277 + 35,529 LIABILITIES Federal Reserve notes 197,373 _ 530 + 15,080 Deposits: Depository institutions 37,802 - 477 + 6,332 U.S. Treasury—general account 16,356 + 8,230 + 13,510 Foreign—official accounts 208 _ 24 - 32 Other 374 - 15 - 89 Total deposits 54,740 + 7,714 + 19,721 Deferred availability cash items ((11222266)) 5,795 954 + 80 Other liabilities and accrued dividends4 2,604 + 31 + 368 TOTAL LIABILITIES (1226) 260,512 + 6,261 + 35,249 CAPITAL ACCOUNTS Capital paid in 1,956 + 2 + 149 Surplus 1,873 — + 92 Other capital accounts 399 + 14 + 39 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 $ 3,536 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 129 million securities loaned—fully secured by U.S. government securities. 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. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, June 24, 1987 Acceptances and securities held under repurchase agreements are classified as 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 742 17,979 + 6,178 939 + 408 16 days to 90 days 18 48,208 - 2,599 619 + 1 91 days to 1 year 68,987 -I- 810 1,439 Over 1 year to 5 years 42,494 + 1,394 3,824 Over 5 years to 10 years 14,742 + 312 1,293 Over 10 years 24,261 + 250 280 Total 760 216,671 + 6,345 8,394 + 409 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 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 27 15 21 34 76 50 25 26 16 41 34 98 Loans 760 38 7 49 6 20 68 49 85 91 98 223 26 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 1 711 711 -0- U.S. government securities: Bought outright-Bills 108,166 6,672 34,800 3 ,273 6,487 9,140 4,804 12,543 3,124 1,626 4,296 6,417 14,984 Notes 75.522 4,658 24,298 2 ,285 4,530 6,382 3,354 8,758 2,181 1,135 2,999 4,480 10,462 Bonds 27,024 1,667 8,695 818 1,621 2,283 1,200 3,134 780 406 1,073 1,603 3,744 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 222 210,712 12,997 67,793 6 ,376 12,638 17,805 9,358 24,435 6,085 3,167 8,368 12,500 29.190 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 111 5,959 5,959 TTToootttaaalll UUU...SSS... gggooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 216,671 12,997 73,752 6 ,376 12,638 17,805 9,358 24,435 6,085 3,167 8,368 12,500 29,190 TTToootttaaalll llloooaaannnsss aaannnddd ssseeecccuuurrriiitttiiieeesss 225,825 13,509 76,942 6 ,658 13,105 18,474 9,767 25,375 6,392 3,373 8,771 13,179 30,280 IIIttteeemmmsss iiinnn ppprrroooccceeessssss ooofff cccooolllllleeeccctttiiiooonnn 7,666 416 1,005 547 317 460 767 601 412 370 1,105 441 1,225 BBBaaannnkkk ppprrreeemmmiiissseeesss 680 92 32 46 32 102 55 55 19 24 47 20 156 OOOttthhheeerrr aaasssssseeetttsss 333 15,245 520 3,401 507 731 778 927 4,518 369 334 519 917 1,724 -0- - 418 + 8,334 774 - 1,071 - 1,852 + 436 + 491 - 277 - 300 - 937 709 - 2,923 TOTAL ASSETS 265,966 15,166 94,386 7 ,552 14,126 19,432 12,801 33,104 7,452 4,052 10,324 14,858 32,713 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign officia alnd international accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 3,536 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 129 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchancp 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 24, 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 197,373 12,582 63,798 5,326 12,009 15,556 7,914 28,662 5,973 2,805 7,906 11,674 23,168 Deposits: Depository institutions 37,802 1,885 10,906 1,546 1,411 3,017 3,776 2,952 888 695 1,085 2,304 7,337 U.S. Treasury-general account 16,356 — 16,356 — — — — — — — — — — Foreign-official accounts 208 5 94 7 9 8 14 20 5 5 6 13 22 Other 374 1 265 — — 13 1 85 — — 2 5 2 Total deposits 54,740 1,891 27,621 1,553 1,420 3,038 3,791 3,057 893 700 1,093 2,322 7,36? Deferred credit items 7,021 401 842 406 312 409 626 551 393 379 1,058 384 1,260 Other liabilities and accrued dividends 1 2,604 142 988 75 142 195 112 285 68 40 94 140 323 TOTAL LIABILITIES 261,738 15,016 93,249 7,360 13,883 19,198 12,443 32,555 7,327 3,924 10,151 14,520 32,112 CAPITAL ACCOUNTS Capital paid in 1,956 66 516 92 112 105 173 255 58 62 81 158 278 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 399 23 155 14 20 28 17 43 9 5 11 22 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 265,966 15,166 94,386 7,552 14,126 19,432 12,801 33,104 7,452 4,052 10,324 14,858 32,713 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 243,945 15,286 70,751 8,491 14,248 20,065 13,821 31,788 7,800 3,487 11,110 15.065 32,033 Less-Held by F.R. Banks 46,572 2,704 6,953 3,165 2,239 4,509 5,907 3,126 1,827 682 3,204 3,391 8,865 F.R. notes, net 197,373 12,582 63,798 5,326 12,009 15,556 7,914 28,662 5,973 2,805 7,906 11,674 23,168 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 181,287 Total collateral 197,373 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