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 July 2, 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 * JJuullyy 11,, 11998877 Jutu t 24, 1987 , July 2, 1986 July 1, 1987 Reserve Bank credit: ••* 24U833 + 1,031 + 33,971 234,934 U.S. government securities- Bought outright—system account 210,984 + 98 + 27,980 209,604 Held under repurchase agreements 4,525 + 105 + 4,525 — Federal agency obligations- Bought outright 7,683 — - 454 . 7,683 Held under repurchase agreements 993 + 544 + 993 • Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 888 + 65 - 86 807 Includes: seasonal borrowing of 307 + 18 + 191 297 extended credit of 288 - 1 - 231 270 Float 805 + 6 + 662 1,308 Other F.R. assets 15.955 + 213 + 351 15,532 Gold stock 11,069 — * 15 11,069 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,880 + 13 jf 550 17,889 Total factors supplying reserve funds 275,801 + 1,046 + 34,707 268,910 Currency in circulation •• 214,601 + 255 + 15,215 215,769 Treasury cash holdings** 497 - 5 - 102 492 Deposits, other than reserve balances, with F.R. Banks: Treasury 15.561 + 991 + 12,771 10,005 Foreign 303 + 66 + 64 289 Service-related balances and adjustments* 1,990 - 46 + 42 1,775 Other 574 + 241 + 74 489 Other F.R. liabilities and capital 6.907 - 43 Jr 553 6,522 Total factors, other than reserve balances, absorbing reserve funds 240,433 + 1.460 + 28,617 235,341 Reserve balances with F.R. Banks * 35.367 - 415 + 6,087 33,568 On July i 1987 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official t t and International accounts were $ 180,426 million, an increase of $ 2,618 million for the week. 1 Net of $ 3,222 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,222 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. , , . 2 Net of $ 4,376 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of * 4.376 million was with foreign official and international accounts. Includes $ 860 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1.775 million and adjustments of $ 215 million to compensate for float. 4 deludes required clearing balances and adjustments to compensate for float. 'Estimated (Atlanta, Chicago and St. Louis Districts). 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 Wednesday Wednesday Wednesday July 1, 1987 June 24. 1987 ASSETS Qotd certificate account 11,069 15 Special Drawing Rights certificate account 5,018 200 Coin 441 22 28 Loans 807 47 162 Acceptances* Held under repurchase agreements Federal agency obligations-* Bought outright 7,683 454 Held under repurchase agreements1 - 711 U.S. government securities: Bought outright—Bills 107,058 - 1,108 + 16,613 Notes 75,522 + 8,425 Bonds 27,024 — + 1.748 Total bought outright? 209,604 - TTIoS + 26,786 Held under repurchase agreements1 - 5.959 Total U.S. government eecurttlee 209.604 - 7.067 + 26.786 Total loans and aacurltlaa 218,094 - 7,731 + 26,170 Cash Items in process of collection (59,297) 8,368 + 1,928 317 Bank premises 683 + 49 Other assets3 14,849 391 757 TOTAL ASSETS (59,297) 258,522 - 67H3 25,302 LIABILITIES Federal Reserve notes 198,814 1,441 + 14,086 Deposits: Depository institutions 35,343 - 2,459 + 4,687 U.S. Treasury—general account 10,005 - 6,351 + 6.127 Foreign—official accounta 289 + 81 + 43 Other (57,970) 489 + 115 2 Total deposits (57,970) 46,126 - F^TS" + TS7S55 Deferred availability cash items ( 1.327) 7,060 + 1.265 + • 94 Other liabilities and accrued dividends4 2,291 - 311 + Lis. TOTAL LIABILITIES 254,293 6,219 + 25,189 CAPITAL ACCOUNTS Capital paid in 1,962 + 6 + 156 Surplus 1,873 — + 93 Other capital accounts 394 - 5 * 136_ * Figures in parentheses ara the eliminations made In the consolidating process. 1 Does not Inctuda U.S. government and fadaral agancy securities resold under matchad sale-purchaea tranaactlon ato foraign official and international accounta of which t -0- million was outstanding at the and of the latest statement weak* 2 Net of S 4,376 million matchad sale-purchase tranaactlona outstanding at the and of the latest statement week. Includes I860 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated In foraign currencies, revalued monthly at market exchange rates. Includes special Investment account at Chicago of S 67 million In Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rataa of foraign exchange com mitments. * Estimated - Atlanta, Chicago, and St. Louis Districts MATURITY DISTRIBUTION OF LOANS AND StCUF,mCS July 1, 1987 f Acceptances and securities hald undar repurchase agreements ara claaaiflad aa maturing within 15 days In accordanca with maximum maturity of the agreements. U.S. government eecurttlea Fadaral agency obligation^ Loans Acceptances Holdlnga [Weakly changes Holdlnga |vvjtk^haai? Within 15 days 660 10,383, 7,596 - 917 5 16 days to 90 days 147 47,368 840 + 220 91 days to 1 year I — 70,894 1,907 10 Over 1 year to 5 yaars — 41,956 538 Over 5 yaars to 10 yaars — 14,742 + 1 Over 10 years — 24,261 Total 807 209,604 77067 - TTT Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H4 1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 1, 1987 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta* Chicago4 St. Louis* Minneapolis K C an it s y a s Dallas Fra S n a c n is co ASSETS Gold certi (icate account U.069 706 3,168 385 664 933 596 1.383 351 169 562 669 1,483 Special Drawing Rights ceriif. acct. 5.018 314 1,489 162 314 46i 203 656 160 66 216 307 670 Coin 441 24 13 21 33 74 48 22 24 14 40 33 95 Loans 807 16 62 92 23 15 70 40 81 100 89 199 20 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 7.683 474 2,472 232 461 649 341 891 222 116 305 456 J. 064 Held under repurchase agreements • — — — — — — „ — — — — U.S. government securities: Bought outright-Bills 107,058 6,603 34,444 3,240 6,421 9,046 4,755 12.415 3,092 1.609 4,252 6,351 14,830 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 Total bought outright 2 | 209,604 1 12,928 67,437 6,343 12,572 17,711 9,309 24.307 6,053 3.150 8.324 12,434 29,036 Held under repurchase agreements ' — — — — — — — — — — — — Tout U.S. government securities 1 209.604 " 12,928 67,437 6,343 12,572 17.711 9.309 24.307 6.053 3.150 8.324 12.434 29.036' Total loans and aecurtttes 218,094 13,418 69,971 6,667 13,056 18,375 9.720 25,238 6,356 3,366 8.718 13,089 30.120 Items In process of collodion 67,665 4,027 32,618 1,824 3,501 2,119 2.817 3,576 2,211 1.933 3.493 2,018 7.528 Bank premises 683 92 32 46 32 104 56 55 19 24 47 20 156 Other assets 3 14,849 515 3,167 502 706 765 923 4.424 363 335 543 906 1.700 Inferdtstrict settlement account -0- - 3,817 -23,545 -1.826 - 4.114 - 3.723 - 1.548 +56.266 -1.764 -1,775 - 3,207 - 2,192 - 8.755 TOTAL ASSETS 317,819 15,279 86,913 7,781 14,192 19,108 12,815 91.620 7.720 4.132 10,412 14.850 32i 997"" * Estimated (Atlanta, Chicago, and St. Louis Districts) 1 Does not include U.S. government and federal agency securities resold under matched sate 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 $4,3 76 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 860 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rales. Includes special investment account at Chicago of $ 67 million in Treasury Bills maturing within 90 days Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1U) STATEMENT OF CONDITION Of EACH FEDERAL RESERVE BANK ON July 1, 1967 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta* Chicago* St. Louis* (Minneapolis K C ar i n ty e s Dallas Fra S n a c n is co LIABILITIES Federal Reserve notes 198,814 12,742 64,038 5.421 12,094 15.735 7.894 28.997 6,238 2,797 7,922 11.739 23,197 Deposits: Depository institutions 35,343 1,787 9.306 1.694 1,417 2.451 3,606 3,085 841 725 980 2.146 7,305 U.S. Treasury-general account 10,005 10,005 Foreign-official accounts 289 5 175 7 9 8 14 20 5 5 6 13 22 Other 58,459 I 26*, I 2 13 2 58.057 _ 1 — ___ 6 10_ _2__ Total deposits 104,096 1,793 19,850 ' 1,702 1.428 2,472 3,622 61", 162 ~ 847 730 992 2,169 7,329 Deferred credit flams 8.387 457 1,145 398 295 480 810 643 447 441 1.237 "472 1,562 Other liabilities and accrued dividends' 2,293 137 726 69 134 187 134 270 64 37 __ 132 314 TOTAL LIABILITIES 313,590 15,129 65,759 7.590 13.951 16.874 12,460 91,072 7,596 4.005 10,240 14.512• 32.402 CAPITAL ACCOUNTS Capital paid in 1.962 66 516 92 113 104 173 255 58 62 81 164 278 Surplus J,873 61 466 66 HI 101 168 251 58 61 81 158 271 Other capital accounts 394 23 172 13 17 29 14 42 8 4 10 16 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 317,819 15,279 66,913 7,781 14,192 19.108 12,815 91,620 7,720 4.132 10,412 14.650 32.997 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 244.393 15,264 70.700 8,489 14,229 20,052 13,697 32,170 7.989 3.543 11.239 15.078 31,943 Less-Hddby F.R. Banks 45,579 2,522 6.662 3.068 2,135 4.317 5.803 3.173 1.751 746 3.317 3.339 _ 8.746. F.R. notes, net 196,814 12,742 64,038 5,421 12,094 15.735 7,894 28,997 6,238 2.797 7,922 11.739 2*3.197" Collateral held against F.R. notes: Gold certificate account 11,069 Special Drawing Rights certtf. act 5,018 Other eligible assets -0- U.S. govt, and agency securities 182,727 Total collateral 198.814 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Atlanta, Chicago and St. Louie Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis