H.4.1 Factors Affecting Reserve Balances of Depository Institutions

QE GOy^y FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when 'tuTts 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 16, 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 1155,, 11998877 Jul2_ 8, 1987 July 16, 1986 July 15, 1987 Reserve Bank credit: 1 * 234,077 2,663 + 20,587 232,395 U.S. government securities- Bought outright—system account 209,239 - 1,074 + 25,394 207,460 Held under repurchase agreements — — - 3,187 — Federal agency obligations- Bought outright 7,683 — 454 7,683 Held under repurchase agreements — — - 1,121 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 673 - 45 151 723 Includes: seasonal borrowing of 265 - 12 + 164 275 extended credit of 262 + 3 159 269 Float 695 - 1,723 + 399 789 Other F.R. assets 15,787 + 179 294 15,740 Gold stock 11,069 ' — 15 11,069 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,910 + 10 + 569 17,919 Total factors supplying reserve funds 268,074 - 2,653 + 21,341 266,401 Currency in circulation* 217,243 + 342 + 15,676 216,965 Treasury cash holdings* 490 - 3 80 490 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,685 + 820 + 1,693 3,351 Foreign 271 + 28 + 67 381 Service-related balances and adjustments3 2,072 - 44 + 362 1,779 Other 405 + 58 67 618 Other F.R. liabilities and capital 6,771 + 141 + 377 6,592 Total factors, other than reserve balances, absorbing reserve funds 232,937 + 1,340 + 18,028 230,176 Reserve balances with F.R. Banks4 35,138 - 3,994 + 3,313 36,225 On July 15, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 179,371 million, a decrease of $ 2,111 million for the week. 1 Net of $ 4,081 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,764 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,768 miliion matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,548 million was with foreign official and international accounts. Includes $ 177 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,779 million and adjustments of $ 293 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 tine* •• WWeeddnneessddaayy Wednesday Wednesday July 15, 1987 July 8. 1987 Jula !*- TO** ASSETS Gold certificate account 11,069 — - 15 Special Drawing Rights certificate account 5,018 — + 200 Coin 638 + 11 + 180 Loans 723 + 96 - 1,188 Acceptances- — Held under repurchase agreements Federal agency obligations- Bought outright 7,683 — - 454 Held under repurchase agreements1 — — - 1,671 U.S. government securities: Bought outright—Bills 105,114 - 2,495 + 14,437 Notes 75,322 - 125 + 8,225 Bonds 2277,,002244 — ++ 1,748 Total bought outright? 220077,,446600 2,620 ++ 24,410 Held under repurchase agreements1 — — 5,463 Total U.S. government securities 207,460 2,620 ++ 18,947 Total loans snd securities 215,866 - 2,524 + 15,634 Cash items in process of collection (1,233) 7,133 - 171 - 614 Bank premises 685 + 2 + 50 Other assets 3 15,055 + 33 «. 937 TOTAL ASSETS (1,233) 255,464 - 2,649 + 14,498 LIABILITIES Federal Reserve notes 200,174 _ 604 + 15,315 Deposits: Depository institutions 38,004 - 321 + 1,573 U.S. Treasury—general account 3,351 - 2,791 - 1,887 Foreign—official accounts 381 + 137 +• 152 Other 618 + . 296 + 129 Total deposits 42,354 - 7^7? _ JJ Deferred availability cash items (1,233) 6,344 + 503 - 1,134 Other liabilities and accrued dividends4 2,358 + 126 + 78 TOTAL LIABILITIES (1,233) 251,230 - 2,654 + 14,226 CAPITAL ACCOUNTS Capital paid in 1,966 + 4 + 154 Surplus 1,873 + 92 Other capital accounts * 395 + 1 + 26 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 tranaactions to foreign official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 5,768 million matched sale-purchase transactions outstanding at the end of the lateat statement week. Includes $ 177 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 $ 45 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 15, 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 obligatione LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings [Weekly changes Within 15 days 571 __ 8,345 - 2,870 68 . 13 16 days to 90 days 152 — 48,786 - 2,349 906 + 80 91 days to 1 year — — 69,657 + 2,811 1,300 - 89 Over 1 year to 5 years — — 41,709 172 3,826 + 12 Over 5 years to 10 years — — 14,702 40 1,303 + 10 Ov T e o r t 1 a 0 l years 1 7 — 23 ^^ 22 22 00 44 77,, ,, 44 22 66 66 00 11 - 2,62 — 0 77,,66 22 88 88 33 00 — — 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 15. 1987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco 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 638 22 217 18 32 71 50 23 25 13 39 33 95 Loans 723 18 5 33 6 48 81 23 106 102 70 178 53 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 * — — — — — — — — — — — ~ — U.S. government securities: Bought outright-Bills 105,114 6,483 33.819 3,181 6,304 8,882 4,669 12,189 3,036 1,580 4,174 6,236 14,561 Notes 75,322 4,646 24.234 2,279 4,518 6,365 3,345 8,735 2,175 1,132 2.991 4,466 10,434 Bonds 27,024 j 1.667 8.694 818 1.621 2,283 1.200 3,134 780 406 1.074 1,603 3,744 Total bought outright 2 207,460 12,796 66.747 6,278 12,443 17.530 9.214 24,058 5,991 3,118 8,239 12,307 28,739 Held under repurchase agreements 1 _ — — — — — — — — — — — — — Total U.S. government securities _ 207.460 1 12.796 66.747 6.278 12,443 17.530 9.214 24.058 5,991 3,118 8,239 12,307 28,739 Total loans and securities 215,866 13,288 69,224 6.543 12,910 18.227 9.636 24,972 6,319 3,336 8,614 12,941 29.856 Items in process of collection 8,366 516 1,040 563 280 449 744 716 452 426 1,189 489 1.502 Bank premises 685 92 32 46 32 104 57 56 19 24 47 20 156 Other assets 3 15,055 527 3,306 514 735 784 932 4,377 372 337 517 921 1.733 Interdistrict settlement account -0- + 42 + 2.316 76 - 493 - 1,841 + 363 + 2,126 + 280 - 65 - 597 + 617 - 2.682 TOTAL ASSETS 256,697 15,507 80,802 8,155 14,474 19,188 12,581 34,309 7,978 4,306 10,587 15,997 32.813 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 5,768 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 177 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 $ 45 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 15, 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 ci n s co LIABILITIES Federal Reserve notes 200,174 12,724 64.573 5.829 12,335 15,696 7.673 29,071 6,375 2,811 7,993 11,765 23.329 Deposits: Depository institutions 38,004 2,055 9.379 1,736 1,417 2,584 3,716 3,669 996 907 1,145 3,279 7,121 U.S. Treasury-general account 3,351 3.351 Foreign—off icial accounts 381 5 267 7 9 8 14 20 5 5 6 13 22 Other 618 1 414 1 1 41 2 147 1 4 4 2 Total deposits 42,354 2,061 13.411 1,744 1,427 2,633 3,732 3,836 1,002 912 1,155 3,296 7,145 Deferred credit items 7,577 426 926 318 330 430 705 571 411 417 1,173 452 1,418 Other liabilities and accrued dividends 1 2.358 145 761 72 140 194 110 281 66 38 93 136 322 TOTAL LIABILITIES 252.463 15,356 79,671 7,963 14,232 18,953 12,220 33,759 7,854 4,178 10,414 15,649 32.214 CAPITAL ACCOUNTS Capital paid in 1,966 66 516 92 112 106 174 256 58 62 81 164 279 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 395 24 149 14 19 28 19 43 8 5 11 26 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 256,697 15,507 80,802 8,155 14,474 19,188 12,581 34,309 7,978 4,306 10,587 15,997 32,813 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 245,777 15,423 71,001 8.987 14,482 20.120 13,515 32,206 8,125 3,612 11,203 15,089 32.014 Less-Held by F.R. Banks 45,603 2,699 6,428 3,158 2,147 4.424 5.842 3,135 1,750 801 3,210 3,324 8.685 F.R. notes, net 200,174 1122,,772244 6644..557733 55,,882299 1122,,333355 1155,,669966 77,,667733 2299,,007711 66,,337755 22,,881111 77,,999933 1111..776655 23.329 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 184,087 Total collateral 200,174 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