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 9, 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 88,, 11998877 July 1, 1987 July 9, 1986 July 8, 1987 Reserve Bank credit: 12 236,740 - 5,045 + 24,632 235,558 U.S. government securities- Bought outright—system account 210,313 - 671 + 28,489 210,080 Held under repurchase agreements — - 4,525 - 3,728 — Federal agency obligations- Bought outright 7,683 — - 454 7,683 Held under repurchase agreements — - 993 - 846 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 718 - 170 + 26 627 Includes: seasonal borrowing of 277 - 30 + 171 262 extended credit of 259 - 29 - 204 249 Float 2,418 + 1,672 + 1,597 1,463 Other F.R. assets 15,608 - 357 - 451 15,705 Gold stock 11,069 — - 15 11,069 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,890 + 10 + 554 17,899 Total factors supplying reserve funds 270,717 - 5,036 + 25,370 269,544 Currency in circulation* 216,886 + 2,285^ + 15,062 217,552 Treasury cash holdings* 497 - 87 498 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,865 - 10,696 + 1,829 6,142 Foreign 243 - 60 - 127 244 Service-related balances and adjustments3 2,112 + 122 + 312 1,779 Other 347 - 227 - 166 322 Other F.R. liabilities and capital 6,630 - 273 + 92 6,461 Total factors, other than reserve balances, absorbing reserve funds 231,581 - 8,849 + 16,916 232,998 Reserve balances with F.R. Banks4 39,136 + 3,814 + 8,455 36,546 On July 8, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 181,482 million, an increase of $ l ,056 million for the week. 1 Net of $ 3,446 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,446 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,519 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,159 million was with foreign official and international accounts. Includes $ 136 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,779 million and adjustments of $ 333 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 July 8, 1987 July 1, 1987 July 9, 1986 ASSETS Gold certificate account 11,069 „_. _ 15 Special Drawing Rights certificate account 5,018 — + 200 Coin 627 + 186 + 169 Loans 627 - 180 + 88 Acceptances- Held under repurchase agreements — _ — _ __ Federal agency obligations- Bought outright 7,683 __ _ 454 Held under repurchase agreements 1 _ 453 U.S. government securities: 3ought cjtrighf.--3ilii 107,609 + 551 + 17,372 Notes 75,447 - 75 + 8,350 Bonds 27,024 + 1,748 Total bought outright^ 210,080 + "476 + 27,470 Held under repurchase agreements 1 ~— 1,386 Total U.S. government securities 210,080 ++ 4477?? ++ 26,084 Total loans and securities 218,390 + 296 + 25,265 Cash items in process of collection (1,295) 7,304 _ 1,015 — 503 Bank premises 683 + 49 Other assets 3 15,022 + 128 467 TOTAL ASSETS (1,295) 2587113 - 405 + 24,698 LIABILITIES Federal Reserve notes 200,778 + 1,964 + 15,016 Deposits: Depository institutions 38,325 + 2,956 + 7,138 U.S. Treasury—general account 6,142 _ 3,863 + 2,980 Foreign—official accounts 244 - 45 + 3 Other 322 _ 168 _ 109 Total deposits 45,033 - 1,120 •f 10,012 Deferred availability cash items (1,295) 5.841 '_ ^ 1,215 715 Other liabilities and accrued dividends4 2.232 _ 33 •f 120 TOTAL LIABILITIES (1,295) 253^884 - 404 + 24,433 CAPITAL ACCOUNTS Capital paid in 1,962 — + 153 Surplus 1,873 — + 92 Other capital accounts 394 - 1 + 20 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-purchaae transactions to foreign official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 3,519 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 136 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 $ 55 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, July 8, 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 LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings (Weekly changes Within 15 days 472 — 11,215 + 832 81 + 59 16 days to 90 days 155 — 51,135 + 3,767 826 + 212 91 days to 1 year — — 66,846 - 4,048 1,389 - 270 Over 1 year to 5 years — — 41,881 - 75 3,814 — Over 5 years to 10 years — — 14,742 — 1,293 - 1 Over 10 years ^^ 2244,,226611 — 228800 — Total 662277 221100,,008800 ++ 476 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 July 8, 1987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certif cate 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 627 21 216 18 30 71 47 21 24 14 39 32 94 Loans 627 19 9 13 6 6 70 20 80 98 65 173 68 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 — ~ — — — — — — '•*- — — — — U.S. government securities: Bought outright—Bills 107,609 6,637 34,622 3,256 6,454 9,093 4,779 12,479 3,108 1,617 4,273 6,384 14,907 Notes 75,447 4,653 24,274 2,283 4,525 6,375 3,351 8,749 2,179 1,134 2,997 4,476 10,451 Bonds 27,024 1,667 8,694 818 1,621 2,284 1,200 3,134 780 406 1,073 1,603 3,744 Total bought outright 2 210,080 12,957 67,590 6,357 12,600 17,752 9,330 24,362 6,067 3,157 8,343 12,463 29,102 Held under repurchase agreements * — — — — — — — — — — — — Total U.S. government securities 210,080 12,957 67,590 6,357 12,600 17,752 9,330 24,362 6,067 3,157 8,343 12,463 29,102 Total loans and securities 218,390 13,450 70,071 6,602 13,067 18,407 9,741 25,273 6,369 3,371 8,713 13,092 30,234 Items in process of collection 8,599 581 1,100 478 321 624 712 716 486 381 1,124 617 1,459 Bank premises 683 92 32 46 32 104 56 55 19 24 47 20 156 Other assets 3 15,022 523 3,238 507 725 778 926 4,448 370 334 515 922 1,736 Interdistrict settlement account -0- + 733 + 4,284 - 180 - 895 - 1,728 + 766 + 1,341 + 90 - 452 803 720 - 2,436 TOTAL ASSETS 259,408 16,420 83,598 8,018 14,258 19,650 13,047 33,893 7,869 3,907 10,413 14,939 33,396 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 $ 3,519 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 136 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 $ 55 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 July 8, 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 200,778 12,817 64,461 5,745 12,299 15,898 7,954 29,286 6,380 2,835 7,987 11,807 23,309 Deposits: Depository institutions 38,325 2,905 10,038 1,592 1,263 2,833 3,983 3,124 923 532 1,068 2,192 7,872 U.S. Treasury-general account 6,142 — 6,142 — — — — — — — — — — Foreign-official accounts 244 5 130 7 9 8 14 20 5 5 6 13 22 Other 322 — 197 1 1 25 1 90 — — 3 3 1 Total deposits 45,033 2,910 16,507 1,600 1,273 2,866 3,998 3,234 928 537 1,077 2,208 7,895 Deferred credit items 7,136 406 782 412 310 468 633 559 373 371 1,086 447 1,289 Other liabilities and accrued dividends 1 2,232 '136 718 69 133 184 103 266 63 36 89 130 305 TOTAL LIABILITIES 255,179 16,269 82,468 7,826 14,015 19,416 12,688 33,345 7,744 3,779 10,239 14,592 32,798 CAPITAL ACCOUNTS Capital paid in 1,962 66 516 92 112 104 173 256 57 62 81 164 279 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 394 24 148 14 20 29 18 41 10 5 12 25 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 259,408 16,420 83,598 8,018 14,258 19,650 13,047 33,893 7,869 3,907 10,413 14,939 33,396 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 244,782 15,275 70,6.96 8,810 14,327 20,134 13,628 32,307 8,086 3,548 11,218 15,059 31,794 Less-Held by F.R. Banks 44,004 2,458 6,235 3,065 2,028 4,236 5,674 2,921 1,706 713 3,231 3,252 8,485 F.R. notes, net 200,778 12,817 64,461 5,745 12,299 15,898 7,954 29,286 6,380 2,835 7,987 11,807 23,309 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 184,691 Total collateral 200,778 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