H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•vs§y§&; FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •••f«^: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 30, 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 2299,, 11998877 July 22, 1987 July 30, 1986 July 29, 1987 Reserve Bank credit: 12 230,352 - 2,584 + 20,579 231,832 U.S. government securities- Bought outright—system account 205,452 - 3,051 + 21,196 206,296 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 7,623 - ' 34 514 7,623 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 796 + 289 + 50 1,613 Includes: seasonal borrowing of 295 + 3 + 167 296 extended credit of 125 15 217 124 Float 564 55 12 163 Other F.R. assets 15,917 + 268 141 16,137 Gold stock 11,069 — 15 11,069 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,930 + 10 + 580 17,939 Total factors supplying reserve funds 264,369 - 2,575 + 21,343 265,858 Currency in circulation* 215,462 740 + 15,731 215,722 Treasury cash holdings* 479 7 62 470 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,872 - 1,444 + 10 4,711 Foreign 254 + 5 1 244 Service-related balances and adjustments3 2,060 358 + 249 1,762 Other 325 9 81 342 Other F.R. liabilities and capital 6,598 126 -I- 340 6,420 Total factors, other than reserve balances, absorbing reserve funds 229,051 - 2,679 + 16,187 229,671 Reserve balances with F.R. Banks « 35,319 + 105 + 5,158 36,188 On July 30, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 176,935 million, a de crease of $ 1,507 million for the week. 1 Net of $ 3,367 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,367 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,706 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,706 million was with foreign official and international accounts. Includes $ 1,793 million securities loaned—fully secured U.S. government securities. * 3 Consists of required clearing balances of $ 1,762 million and adjustments of $ 298 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 29, 1987 July 22, 1987 July 30. 1986 ASSETS Gold certificate account 11,069 — - 15 Special Drawing Rights certificate account 5,018 — + 200 Coin 646 + 1 + 171 Loans 1,613 + 1,116 + 704 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,623 — - 514 Held under repurchase agreements1 — — — U.S. government securities: Bought outright—Bills 103,950 - 2,934 + 12,219 Notes 75,322 — + 8,225 Bonds 2277..002244 — ++ 1.748 Total bought outright2 220066,,229966 2,934 ++ 22,192 Held under repurchase agreements1 — — — Total U.S. government securities 206,296 __ 2,934 ++ 22,192 Total loans and securities 215,532 - 1,818 + 22,382 Cash items in process of collection (1,025] 5,542 - 707 - 1,154 Bank premises 685 - 2 + 48 Other assets 3 15,452 + 270 - 140 TOTAL ASSETS (1,025] 253,944 - 2,256 + 21,492 LIABILITIES Federal Reserve notes 198,898 - 185 + 15,210 Deposits: Depository institutions 37,950 - 418 + 4,962 U.S. Treasury—general account 4,711 - 1,327 + 1,425 Foreign—official accounts 244 - 39 + 40 Other 342 + 56 - 73 Total deposits 43,247 - 1,728 + 6,354 Deferred availability cash items (1,025] 5,379 - 224 - 404 Other liabilities and accrued dividends4 2,186 - 102 + 82 TOTAL LIABILITIES (1,025] > 249,710 - 2,239 + 21,242 CAPITAL ACCOUNTS Capital paid in 1,970 + 1 + 137 Surplus 1,873 — + 92 Other capital accounts 391 - 18 + 21 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 $ 1,651 million was outstanding at the end of the latest statement week. Net of $ 2,706 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,793 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 $ 17 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 29, 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 |Weekl)f changes Within 15 days \ 1,582 — 12,059 + 467 164 + 32 16 days to 90 days 31 — 45,756 - 1,693 843 + 5 91 days to 1 year — — 67,809 - 1,708 1,307 _ 4 Over 1 year to 5 years — — 41,709 — 3,741 _ 33 Over 5 years to 10 years — — 14,702 — 1,288 Over 10 years — ~~ 2244,,226611 — 228800 — Total 1,613 220066,,229966 - 2,934 77,,662233 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 29 , 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 646 24 215 19 30 70 55 23 26 13 38 33 100 Loans 1,613 28 914 65 29 18 81 67 90 106 120 29 66 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: Pcught outright—Bills 103,950 6,411 33,444 3,146 6,235 8,784 4.617 12,054 3,002 1,562 4,128 6,167 14,400 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 2 206,296 12,724 66,372 6,243 12.374 17.432 9,162 23.923 5,958 3,100 8,192 12,238 28,578 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 206,296 12,724 66,372 6,243 12,374 17,432 9.162 23,923 5,458 3,100 8,192 12,238 28,578 Total loans and securities 215,532 13,222 69,739 6,539 12.860 18.094 9,581 24,874 6,268 3,321 8,615 12,719 29,700 Items in process of collection 6,567 417 755 354 265 372 624 502 395 352 942 450 1,139 Park premises 685 92 32 46 32 104 55 58 19 24 47 20 156 Other assets 3 15,452 555 3,365 522 751 814 943 4.399 387 341 529 942 1,904 In* .Histrict settlement account -0- 42 + 3,787 - 256 448 - 2,008 + 449 + 1,252 + 218 - 102 724 + 56 - 2,182 TOTAL ASSETS 254,969 15,288 82,550 7,771 14.468 18,840 12,506 33,14? 7,824 4,184 10,225 15,196 32,970 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 $1,651 million was outstanding at the end of the latest statement week. 2 Net of $ 2,706 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,793 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 $ 17 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 29, 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 198,898 12,555 64,742 5,780 12,338 15,378 7,451 28,415 6,249 2,784 7,865 11.915 23,426 Deposits: Depository institutions 37,950 2,068 10,041 1,438 1,510 2,651 3,988 3,403 1,023 884 1,152 2,397 7,395 U.S. Treasury—general account 4,711 4,711 Foreign—official accounts 244 5 130 7 9 8 14 20 5 5 6 13 22 Other 342 1 275 1 2 25 2 28 2 5 1 Total deposits 43,247 2,074 15,157 1,446 1,521 2,684 4,004 3,451 1,028 889 1,160 2.415 7,418 Deferred credit Items 6,404 373 834 285 237 352 590 469 361 345 943 390 1,225 Other liabilities and accrued dividends 1 2,186 135 693 67 131 182 102 262 63 38 86 128 299 TOTAL LIABILITIES 250.735 15,137 81,426 7,578 14,227 18,596 12.147 32,597 7,701 4,056 10,054 14,848 32,368 CAPITAL ACCOUNTS Capital paid in 1,970 66 517 92 112 110 173 256 57 62 81 165 279 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 391 24 141 15 18 33 18 43 8 5 9 25 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 254,969 15,288 82,550 7,771 14,468 18,840 12.506 33,147 7,824 4,184 10,225 15,196 32,970 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 247,480 15,396 71.288 9,088 14,688 20,310 13,638 31,924 8,265 3.625 11,139 15,383 32.736 Less-Held by F.R. Banks 48,582 2,841 6,546 3,308 2,350 4,932 6,187 3,509 2,016 841 3,274 3,468 9,310 F.R. notes, net 198,898 1122,,555555 6644,,774422 55,,778800 1122..333388 1155,,337788 77,,445511 2288,,441155 66,,224499 22,,778844 77..886655 1111,,991155 23,426 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 182,811 Total collateral 198.898 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