H.4.1 Factors Affecting Reserve Balances of Depository Institutions

SJpS^3& 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 August 6, 1987 Averages of daily figures (mill ions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddeedd** Change from week ended Wednesday * AAuugguusstt 55,, 11998877 July 29, 1987 August 6, 1986 August 5, 1987 Reserve Bank credit: 1* 233,113 + 2,782 + 21,753 232,760 U.S. government securities- Bought outright—system account 206,010 + 558 + 21,290 207,080 Held under repurchase agreements 1,771 + 1,771 + 1,771 — Federal agency obligations- Bought outright 7,623 — - 514 7,623 Held under repurchase agreements 540 + 540 + 540 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 557 - 239 - 148 439 includes: seasonal borrowing of 300 + 5 + 166 275 extended credit of 116 - 9 - 241 116 Float 597 + 70 - 743 1,208 Other F.R. assets 16,015 + 82 - 444 16,410 Gold stock 11,069 — - 15 11,069 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,941 + 11 + 586 17,953 Total factors supplying reserve funds 267,141 + 2,793 + 22,524 266,800 Currency in circulation** 216,229 + 767 + 15,540 216,884 Treasury cash holdings** 470 - 9 - 59 470 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,261 + 1,389 + 1,737 4,596 Foreign 253 - 1 + 55 187 Service-related balances and adjustments3 2,071 + 11 + 255 1,747 Other 282 - 43 - 341 210 Other F.R. liabilities and capital 6,504 - 94 - 170 6,280 Total factors, other than reserve balances, absorbing reserve funds 231,070 + 2,019 + 17,017 230,374 Reserve balances with F.R. Banks4 36,071 + 773 + 5,506 36,427 On August 5, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 178,970 million, an increase of $ 2,035 million for the week. 1 Net of $ 3,117 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,117 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,102 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,102 million was with foreign official and international accounts. Includes $ 282 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,747 million and adjustments of $ 324 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Atlanta District). ** 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 August 5, 1987 July 29, 1987 August 6, 1986 ASSETS Gold certificate account 11,069 — - 15 Special Drawing Rights certificate account 5,018 — + 200 Coin 640 - 6 + 167 Loans 439 - 1,174 - 277 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,623 — 514 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright—Bills 104,729 + 779 + 13,172 Notes 75,327 + 5 + 8,230 Bonds 27,024 + 1,748 Total bought outright2 207,080 + 7a4 + 23,150 Held under repurchase agreements'! — — Total U.S. government securities 207,080 ++ 778844^^ ++ 23,150 Total loans and securities 215,142 _ 390 + 22,359 Cash items in process of collection (1,171 ) 7,727 + 2,185 + 507 Bank premises 686 + 1 + 48 Other assets 3 15,724 + 272 393 TOTAL ASSETS (1,171 ) 256,006 + 2,062 + 22,873 LIABILITIES Federal Reserve notes 200,040 + 1,142 + 15,179 Deposits: Depository institutions 38,174 + 224 + 7,831 U.S. Treasury—general account 4,596 _ 115 + 247 Foreign—official accounts 187 _ 57 _ 30 Other 210 _ 132 - 226 Total deposits 43,167 _ "80 + 7,822 Deferred availability cash items (1,170 6^519 + 1,140 + 89 Other liabilities and accrued dividends4 2.187 + 1 + 100 TOTAL LIABILITIES (1,171) 25U913 + 2,203 + 23,190 CAPITAL ACCOUNTS Capital paid in 1,970 + 131 Surplus 1,874 + 1 + 93 Other capital accounts 249 - 142 - 541 * Figures in parentheses are the eliminations made in the consolidating process. 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 $ 1,861 million was outstanding at the end of the latest statement week. 2 Net of $ 2,102 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 282 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 $ 27 million in Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. ** Estimated (Atlanta District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, 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 257 __ 13,895 + 1,836 40 - 124 16 days to 90 days 182 — 47,494 + 1,738 983 + 140 91 days to 1 year — — 65,751 - 2,058 1,291 16 Over 1 year to 5 years • —+ 40,977 _ 732 3,741 Over 5 years to 10 years — 14,702 1,288 ___ Over 10 years — — 24,261 — 280 — Total 439 — 207,080 784 7,623 — 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 August 5, 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 640 23 215 17 29 70 56 22 25 12 38 34 99 Loans 439 8 — 2 6 9 86 27 75 118 77 21 10 Acceptances held under repurchase agreements -0- — — — — 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 -0- ~ — — ~ — — — — — ~ -- — U.S. government securities: Bought outright-Bills 104,729 6,460 33,695 3,169 6,282 8,849 4,651 12,145 3,024 1,574 4,159 6,213 14,508 Notes 75,327 4,646 24,235 2,280 4,518 6,365 3,345 8,735 2,175 1,132 2,992 4,469 10,435 Bonds 27,024 1,667 8,694 818 1,621 2,284 1,200 3,134 781 406 1,073 1,603 3,743 Total bought outright 2 207,080 12,773 66,624 6,267 12,421 17,498 9,196 24,014 5,980 3,112 8,224 12,285 28,686 Held under repurchase agreements 1 -0- — — — — — — — — — — — — Total U.S. government securities 207,080 12,773 66,624 6,267 12,421 17,498 9,196 24,014 57980 37TT2 87723 12,285 28,686 Total loans and securities 215,142 13,251 69,077 6,500 12,884 18,151 9,620 24,925 6,275 3,345 8,604 12,758 29,752 Items in process of collection 8,898 736 899 475 463 469 718 977 395 367 1,173 548 1,678 Bank premises 686 92 32 46 32 104 55 59 19 24 47 20 156 Other assets 3 15,724 552 3,270 519 752 811 950 4,404 381 337 527 940 2,281 Interdistrict settlement account -0- 51 + 3,445 + 260 277 - 1,365 + 338 + 1,071 + 436 - 353 - 881 71 - 2,552 TOTAL ASSETS 257,177 15,623 81,595 8,364 14,861 19,634 12,536 33,497 8,042 3,967 10,286 15,205 33,567 * Estimated (Atlanta District) 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 $ 1,861 million was outstanding at the end of the latest statement week. 2 Net of $ 2,102 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 282 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 $ 27 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 August 5, 1987 Millions of dol ars 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 c n is co LIABILITIES Federal Reserve notes 200,040 12,603 64,976 5,787 12,610 15,745 7,455 28,503 6,276 2,889 7,828 11,961 23,407 Deposits: Depository institutions 38,174 2,255 9,198 1,939 1,590 2,953 3,949 3,536 1,165 533 1,027 2,301 7,728 U.S. Treasury-general account 4,596 ~ 4,596 — — — — — — — — — —- Foreign—official accounts 187 5 73 7 9 8 14 20 5 5 6 13 22 Other 210 — 118 1 1 38 2 38 — — 3 5 4 Total deposits 43,167 2,260 13,985 1,947 1,600 2,999 3,965 3,594 1,170 538 1,036 2,319 7,754 Deferred credit items 7,690 479 818 379 290 475 672 613 416 378 1,170 465 1,535 Other liabilities and accrued dividends 1 2,187 135 719 67 129 177 99 258 61 37 87 125 293 TOTAL LIABILITIES 253,084 15,477 80,498 8,180 14,629 19,396 12,191 32,968 7,923 3,842 10,121 14,870 32,989 CAPITAL ACCOUNTS Capital paid in 1,970 66 517 92 112 110 173 257 57 62 80 165 279 Surplus 1,874 61 466 86 111 101 168 251 58 61 81 158 272 Other capital accounts 249 19 114 6 9 27 4 21 4 2 4 12 27 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 257,177 15,623 81,595 8,364 14,861 19,634 12,536 33,497 8,042 3,967 10,286 15,205 33,567 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 248,010 15,354 71,503 9,152 14,877 20,456 13,509 31,878 8,290 3,706 11,111 15,489 32,685 Less-Held by F.R. Banks 47,970 2,751 6,527 3,365 2,267 4,711 6,054 3,375 2,014 817 3,283 3,528 9,278 F.R. notes, net 200,040 12,603 64,976 5,787 12,610 15,745 7,455 28,503 6,276 2,889 7,828 11,961 23,407 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 • 183,953 Total collateral 200,040 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. *Estimated (Atlanta District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis