H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;oiGovi>v FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when .f^H^t 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 23, 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 2222,, 11998877 July 15, 1987 July 23, 1986 July 22, 1987 Reserve Bank credit: 1>2 232,936 - 1,118 + 23,662 233,865 U.S. government securities- Bought outright—system account 208,503 - 736 + 23,713 209,230 Held under repurchase agreements — — — --— Federal agency obligations- Bought outright 7,657 - 26 480 7,623 Held under repurchase agreements — — — "•"• Acceptances- Bought outright — — —~ —'— Held under repurchase agreements — — ~— ~""- Loans to depository institutions 507 - 166 151 497 Includes: seasonal borrowing of 292 + 27 + 166 298 extended credit of 140 - 122 105 117 Float 619 - 50 + 265 646 Other F.R. assets 15,649 - 141 + 315 15,869 Gold stock 11,069 — 15 11,069 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,920 + 10 + 575 17,929 Total factors supplying reserve funds 266,944 - 1,107 + 24,423 267,881 Currency in circulation* 216,202 - 1,041 + 15,681 215,884 Treasury cash holdings* 486 - 4 73 483 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,316 - 369 + 1,683 6,038 Foreign 249 - 22 + 39 283 Service-related balances and adjustments 3 2,417 + 345 + 509 1,761 Other 334 - 71 71 286 Other F.R. liabilities and capital 6,724 - 47 + 419 6,539 Total factors, other than reserve balances, absorbing reserve funds 231,729 - 1,208 + 18,188 231,274 Reserve balances with F.R. Banks4 35,215 + 100 + 6,237 36,607 On July 22» 1987 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official t and international accounts were $ 178,442 million, a decrease of $ 929 million for the week. 1 Net of $ 4,011 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,599 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,284 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,284 million was with foreign official and international accounts. Includes $ 518 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,761 million and adjustments of $ 656 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 22, 1987 July 15, 1987 July 23, 1986 ASSETS Gold certificate account 11,069 — - 15 Special Drawing Rights certificate account 5,018 — + 200 Coin 645 + 7 + 182 Loans 497 - 226 - 192 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 7,623 - 60 - 514 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright—Bills 106,884 + 1,770 + 15,515 Notes 75,322 — + 8,225 Bonds 2277,,002244 — ++ 1,748 Total bought outright^ 220099,,223300 ++ 1,770 ++ 25,488 Held under repurchase agreements 1 — — — Total U.S. government securities 209,230 ++ 1,770 ++ 25,488 Total loans and securities 217,350 + 1,484 + 24,782 Cash items in process of collection (970) 6,249 - 884 + 425 Bank premises 687 + 2 + 50 Other assets 3 15,182 + 127 - 250 TOTAL ASSETS (970) 256,200 + 736 + 25,374 LIABILITIES Federal Reserve notes 199,083 - 1,091 + 15,275 Deposits: Depository institutions 38,368 + 364 + 7,097 U.S. Treasury—general account 6,038 + 2,687 + 2,708 Foreign—official accounts 283 - 98 + 65 Other 286 - 332 - 83 Total deposits 44,975 + 2,621 + 9,787 Deferred availability cash items (970) 5,603 - 741 - 27 Other liabilities and accrued dividends4 2,288 - - 70 + 70 TOTAL LIABILITIES (970) 251,949 + 719 + 25,105 CAPITAL ACCOUNTS Capital paid in 1,969 + 3 + 139 Surplus 1,873 — + 92 Other capital accounts 409 + 14 + 38 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 $ 3,284 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 518 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 $ 37 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 22, 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 471 11,592 3,247 132 64 16 days to 90 days 26 47,449 1,337 838 68 91 days to 1 year 69,517 140 1,311 11 Over 1 year to 5 years 41,709 3,774 52 Over 5 years to 10 years 14,702 1,288 15 Over 10 years 24,261 280 Total 497 209,230 1,770 7,623 60 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 22. 1987 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City 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 645 22 216 19 31 72 52 23 26 13 39 34 98 Loans 497 12 8 21 7 11 78 30 94 105 91 24 16 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7,623 470 2,453 231 457 644 338 884 220 115 303 452 1,056 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 106,884 6,592 34,388 3,234 6,411 9,032 4,747 12,395 3,087 1,606 4,245 6,341 14,806 Notes 75,322 4,646 24,234 2,279 4,518 6,365 3,345 8,735 2,175 1,132 2,991 4,468 10,434 Bonds 27,024 1,667 8,694 818 1,621 2,283 1,200 3,134 781 406 1,073 1,603 3,744 Total bought outright 2 209,230 12,905 67,316 6,331 12,550 17,680 9,292 24,264 6,043 3,144 8,309 12,412 28,984 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 209,230 12,905 67,316 6,331 12,550 17,680 9,292 24,264 6,043 3,144 8,309 12,412 28,984 Total loans and securities 217,350 13,387 69,777 6,583 13,014 18,335 9,708 25,178 6,357 3,364 8,703 12,888 30,056 Items in process of collection 7,219 477 804 402 295 418 665 775 469 394 723 502 1,295 Bank premises 687 92 32 46 32 105 56 58 19 24 47 20 156 Other assets 3 15,182 542 3,318 518 739 796 941 4,397 376 340 519 929 1,767 Interdistrict settlement account -0- + 513 + 4,922 - 164 740 - 1,634 + 514 + 1,272 + 93 - 445 744 505 - 3,082 TOTAL ASSETS 257,170 16,053 83,726 7,951 14,349 19,486 12,735 33,742 7,851 3,925 10,065 14,844 32,443 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 $ 3,284 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 518 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 $ 37 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 22, 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 199,083 12,787 64,669 5,760 12,306 15,401 7,309 28,863 6,288 2,844 7,954 il;755 23,147 Deposits: Depository institutions 38,368 2,581 9,965 1,619 1,403 3,215 4,311 3,418 926 546 1.133 2,143 7,108 U.S. Treasury-general account 6,038 6,038 Foreign-official accounts 283 5 169 7 9 8 14 20 5 5 6 13 22 Other 286 202 1 26 3 48 2 3 1 Total deposits 44,975 2,586 16,374 1,626 1,413 3,249 4,328 3,486 931 551 1,141 2,159 7,131 Deferred credit items 6,573 387 826 300 250 402 631 565 443 363 707 448 1,251 Other liabilities and accrued dividends1 2,288 142 721 71 135 191 106 277 66 39 92 134 314 TOTAL LIABILITIES 252,919 15,902 82,590 7,757 14,104 19,243 12,374 33,191 7,728 3.797 9,894 14,496 31,843 CAPITAL ACCOUNTS Capital paid in 1,969 66 516 92 113 110 173 256 57 62 80 165 279 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 409 24 154 16 21 32 20 44 8 5 10 25 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 257,170 16,053 83,726 7,951 14,349 19,486 12,735 33,742 7,851 3,925 10,065 14,844 32,443 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 246,450 15,568 71,247 9,026 14,635 20,194 13,408 32,159 8,208 3,658 11,172 15,198 31,977 Less-Held by F.R. Banks 47,367 2,781 6,578 3,266 2,329 4,793 6,099 3,296 1,920 814 3,218 3,443 8,830 F. R. notes, net 199,083 1122,,778877 6644,,666699 55,,776600 1122,,330066 1155,,440011 77,,330099 2288,,886633 66,,228888 22,,884444 77,,995544 1111,,775555 23,147 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 182,996 Total collateral 199,083 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