H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•S$g¥S&: FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when MIRE 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 13, 1987 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items Week ended Change from week ended Wednesday Aug. 12, 1987 Aug. 5. 1987 Aug. 13. 1986 Aug. 12, 1987 Reserve Bank credit: 1 2 231,522 - 1,591 + 20,123 231,641 U.S. government securities- Bought outright—system account 206,676 + 666 + 21,367 205,688 Held under repurchase agreements - 1,771 Federal agency obligations- Bought outright 7,623 475 7,623 Held under repurchase agreements 540 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 571 + 14 ! 241 1,291 Includes: seasonal borrowing of 277 - 22 + 143 278 extended credit of 123 + 6 i 266 122 Float 440 - 158 + 6 490 Other F.R. assets 16,212 + 198 - 534 16,549 Gold stock 11,069 — - 15 11,069 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,955 + 14 + 590 17,967 Total factors supplying reserve funds 265,564 1,577 + 20, 898 265,695 " Currency in circulation* ! 217,322 + 1,093 + 15, 849 217,656 Treasury cash holdings* J + 3 - 46 473 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,106 _ 2,155 589 3,514 Foreign 1 218 - 35 + 14 279 Service-related balances and adjustments3 1 1,960 - 111 + 123 1,747 Other 275 - 7 - 137 281 Other F.R. liabilities and capital 6,617 + 113 - 69 6,591 Total factors, other than reserve balances, absorbing reserve funds 1 229,970 - 1,100 + 15, 144 230,541 Reserve balances with F.R. Banks * 35,594 - 477 + 5 ,756 35,154 On August 12, 1987 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official t and international accounts were $ 176,490 million, a decrease of $ 2,480 million for the week. 1 Net of $ 2,507 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,507 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,494 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,494 million was with foreign official and international accounts. Includes $ 310 million.securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,747 million and adjustments of $ 213 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 August 12, 1987 August 5, 1987 August 13, 1986; ASSETS Gold certificate account 11,069 — - 15 Special Drawing Rights certificate account 5.018 — •f 200 Coin 637 - 3 + 160 Loans 1.291 + 852 •f 410 Acceptances- Held under repurchase agreements __ __ _ — Federal agency obligations- Bought outright 7,623 424 Held under repurchase agreements1 _ _ U.S. government securities: Bought outright—Bills 103,338 _ 1,391 + 11,229 Notes 75,327 + 8,230 Bonds 27,023 - 1 + 1,747 Total bought outright2 205,688 1,392 + 21,206 Held under repurchase agreements1 — — — Total U.S. government securities 205,688 1,392 ++ 21,206 Total loans and securities 214,602 - 540 + 21,192 Cash items in process of collection (969) 6,182 - 1.555 + 135 Bank premises 686 + 46 Other assets 3r 15,863 + 149 .- 398 TOTAL ASSETS (969) 254,057 - 1.949 + 21,320 LIABILITIES Federal Reserve notes 200,799 + 759 + 15,628 Deposits: Depository institutions 36,901 - 1.273 + 4,923 U.S. Treasury—general account 3,514 _ 1,082 + 345 Foreign—official accounts 279 + 92 + . 80 Other 281 + 71 .- 129 Total deposits 40,975 _ 2,192 -4- 5,219 Deferred availability cash items (969) 5,692 - 827 - 53 Other liabilities and accrued dividends4 2.330 + 143 -. 155 TOTAL LIABILITIES (969) jwrm - 2,117 * 21,055 CAPITAL ACCOUNTS Capital paid in 1,974 + 4 + 134 Surplus 1,874 + 93 Other capital accounts 413 + 164 + 38 • 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 $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 3,494 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 310 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 $ 61 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, August 12, 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 JWeekly changes Within 15 days 1,120 9,970 — 3,925 50 + 10 16 days to 90 days 171 — 47,224 - 270 933 50 91 days to 1 year i — — 68,554 + 2,803 1,351 + 60 Over 1 year to 5 years — — 40,977 3,706 35 Over 5 years to 10 years — — 14,702 _ _ 1,303 + 15 Over 10 years ~ 2244,,226611 — 228800 ^^ Total 1,291 220055,,668888 1,392 77,,662233 — 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 12, 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 637 22 217 16 28 69 57 21 26 12 38 36 95 Loans 1,291 — 771 7 6 10 84 29 85 109 103 24 63 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 103,338 6,374 33,247 3,127 6 ,198 8,732 4,590 11,984 2,984 1,553 4,104 6,130 14,315 Notes 75,327 4,646 24,235 2,279 4 ,518 6,365 3,345 8,735 2,176 1,132 2,992 4,469 10,435 Bonds 27,023 1,667 8,695 818 1 ,621 2,283 1,200 3,133 780 406 1,073 1,603 3,744 Total bought outright 2 205,688 12,687 66,177 6,224 12 ,337 17,380 9,135 23,852 5,940 3,091 8,169 12,202 28,494 Held under repurchase agreements 1 — — — — — — — — Total U.S. government securities 205.688 12.687 66.177 6.224 U .337 17.380 9.135 23.852 5.940 3.091 8.169 12.202 28.494 Total loans and securities 214,602 13,157 69,401 6,462 12 ,800 18,034 9,557 24,765 6,245 3,315 8,575 12,678 29,613 Items in process of collection 7,151 443 802 395 272 430 485 655 384 351 1,028 448 1,458 Bank premises 686 92 32 46 32 104 55 59 19 24 47 20 156 Other assets 3 15,863 573 3,509 536 779 847 976 4,527 396 353 550 972 1,845 Interdistrict settlement account -0- + 339 .+ 996 + 114 334499 -- 11,,110088 ++ 886622 ++ 11,,005588 ++ 334499 ++ 113344 558844 ++ 887755 - 2,686 TOTAL ASSETS 255,026 15,646 79,614 8,116 ii~~44,, 5544aa 1199,,777700 1122,,779911 3333,,112244 77,,993300 44,,442244 1100,,443322 1166,,000055 32,634 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 $3,494 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 310 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 $ 61 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 12. 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 200.799 12,674 65.165 5.748 12,662 16,113 7.427 28,398 6,345 2,896 7,872 12,034 23,465 Deposits: Depository institutions 36.901 2,306 7,947 1,752 1,220 2,796 4,299 3,278 1,031 1.003 1,283 3,066 6,920 U.S. Treasury—general account 3,514 3,514 Foreign-official accounts 279 5 165 7 9 8 14 20 5 5 6 13 22 Other 281 166 1 1 22 1 83 2 4 1 Total deposits 40.975 2.311 11.792 1,760 1,230 2,826 4,314 3.381 1,036 1,008 1,291 3,083 6,943 Deferred credit items 6.661 368 768 344 266 394 582 515 359 353 1,002 403 1,307 Other liabilities and accrued dividends 1 2.330 144 750 71 140 190 108 277 66 39 95 136 314 TOTAL LIABILITIES 250.765 15,497 78,475 7,923 14,298 19,523 12,431 32,571 7.806 4,296 10,260 15,656 32,029 CAPITAL ACCOUNTS Capital paid in 1.974 65 517 93 112 111 174 258 57 62 80 166 279 Surplus 1.874 61 466 86 111 101 168 251 58 61 81 158 272 Other capital accounts 413 23 156 14 19 35 18 44 9 5 11 25 54 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 255.026 15,646 79,614 8.116 14,540 19,770 12,791 33,124 7,930 4,424 10,432 16,005 32,634 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 248,758 15,322 71.767 9.165 14,967 20,875 13,370 31,812 8,364 3,691 11,168 15,498 32,759 Less-Held by F.R. Banks 47,959 2,648 6.602 3.417 2,305 4,762 5,943 3,414 2,019 795 3,296 3,464 9,294 F.R. notes, net 200.799 1122,,667744 6655..116655 55,,774488 1122,,666622 1166,,111133 77,,442277 2288,,339988 66,,334455 22,,889966 77,,887722 1122,,003344 23,465 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 184,712 Total collateral 200,799 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