H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Of GQl^, FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when • ?*4L REV 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 20, 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 AAuugg.. 1199.. 11998877 Aug 12, 1987 Aug. 20, 1986 Aug. 19, 1987 Reserve Bank credit: 1 2 230,967 - 565 + 21,026 230,358 U.S. government securities- Bought outright—system account 205,283 - 1,393 + 20,245 206,288 Held under repurchase agreements 486 + 486 + 486 — Federal agency obligations- Bought outright 7,623 — 424 7,623 Held under repurchase agreements 94 + 94 + 94 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 525 - 46 408 502 Includes: seasonal borrowing of 280 + 3 + 140 281 extended credit of 125 + 2 304 126 Float 881 + 430 + 451 715 Other F.R. assets 16,075 - 136 + 581 15,230 Gold stock 11,069 — 15 11\069 Special Drawing Rights certificate account 5,018 — + 200 5,018 Treasury currency outstanding 17,969 + 14 + 594 17,981 Total factors supplying reserve funds 265,023 - 551 + 21,805 264,426 Currency in circulation* 217,357 + 35 + 16,081 217,183 Treasury cash holdings* 473 — 45 473 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,174 + 68 280 3,112 Foreign 260 + 42 + 62 188 Service-related balances and adjustments3 1,923 - 37 72 1,697 Other 359 + 84 207 312 Other F.R. liabilities and capital 6,746 +__ 129 + 435 6,525 Total factors, other than reserve balances, absorbing reserve funds 230,293 + 323 + 15,975 229,490 Reserve balances with F.R. Banks4 34,730 - 874 + 5,831 34,936 On August 19, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 179,475 million, an increase of $ 2,985 million for the week. 1 Net of $ 3,960 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,960 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,052 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,052 million was with foreign official and international accounts. Includes $ 1,177 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,697 million and adjustments of $ 226 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 19, 1987 August 12, 1987 August 20, 1986 ASSETS Gold certificate account 11,069 — - 15 Special Drawing Rights certificate account 5,018 — + 200 Coin 441 - 196 - 43 Loans 502 - 789 - 315 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 7,623 — 424 Held under repurchase agreements1 — — — U.S. government securities: Bought outright—Bills 103,937 + 599 4- 12,111 Notes 75,252 - 75 4- 8,655 Bonds 27,099 4- 76 4- 1,323 Total bought outright^ 206,288 + 600 4- 22,089 Held under repurchase agreements1 — — Total U.S. government securities 206,288 44-- 660000 44-- 22,089 Total loans and securities 214,413 - 189 4- 21,350 Cash items in process of collection (1,052) 6,635 4- 453 4- 53 Bank premises 691 + 5 4 49 Other assets 3 14,539 - 1,324 -. 672 TOTAL ASSETS (1,052) 252,806 - 1,251 4 20,922 LIABILITIES Federal Reserve notes 200,116 - 683 4 15,519 Deposits: Depository institutions 36,633 - 268 4- 5,603 U.S. Treasury—general account 3,112 - 402 - 430 Foreign—official accounts 188 - 91 - 82 Other 312 4- 31 _ 137 Total deposits 40,245 _ 730 4- 4,954 Deferred availability cash items (1,052) 5,920 4- 228 4- 46 Other liabilities and accrued dividends4 2,276 _ 54 + 143 TOTAL LIABILITIES (1,052) 248,557 - 1,239 4- 20,662 CAPITAL ACCOUNTS Capital paid in 1,977 4- 3 4 136 Surplus 1,874 — 4- 93 Other capital accounts 398 - 15 4- 31 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 $ 973 million was outstanding at the end of the latest statement week. Net of $ 3,052 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,177 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 $ 75 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, August 19, 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 |Weekly changes Within 15 days 476 — 13,179 4- 3,209 295 4- 245 16 days to 90 days 26 — 46,152 - 1,072 688 - 245 91 days to 1 year — — 67,841 - 713 1,351 — Over 1 year to 5 years — — 40,579 - 398 3,706 — Over 5 years to 10 years — — 14,201 - 501 1,303 — Over 10 years — — 24,336 4- 75 280 — Total 502 — 206,288 4- 600 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 19, 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. j 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 441 23 15 16 29 71 58 21 28 12 37 35 96 Loans 502 4 11 15 6 12 97 31 89 113 85 26 13 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 103,937 6,411 33,440 3,145 6,234 8,782 4,616 12,053 3,002 1,562 4,128 6,166 14,398 Notes 75,252 4,641 24,211 2,277 4,514 6,359 3,342 8,727 2,173 1,131 2,988 4,464 10,425 Bonds 27,099 1,672 8,719 820 1,625 2,290 1,203 3,142 783 407 1,076 1,608 3,754 Total bought outright 2 206,288 12,724 66,370 6,242 12,373 17,431 9,161 23,922 5,958 3,100 8,192 12,238 28,577 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 206,288 12,724 66,370 6,242 12,373 17,431 9,161 23,922 5,958 3,100 8,192 12,238 28,577 Total loans and securities 214,413 13,198 68,834 6,488 12,836 18,087 9,596 24,837 6,267 3,328 8,580 12,716 29,646 Items in process of collection 7,687 455 899 376 298 438 712 718 394 379 1,067 506 1,445 Bank premises 691 93 32 46 32 105 56 59 20 24 47 20 157 Other assets 3 14,539 486 3,083 495 699 740 914 4,372 354 333 496 892 1,675 Interdistrict settlement account -0- 330 + 2,871 - 106 174 - 1,135 198 + 816 + 150 - 290 - 670 + 307 - 1,241 TOTAL ASSETS 253,858 14,945 80,391 7,862 14,698 19,700 11,937 32,862 7,724 4,021 10,335 15,452 33,931 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 $ 97? million was outstanding at the end of the latest statement week. 2 Net of $ 3,052 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,177 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 $ 75 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 19, 1987 Millions of dollars J Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 200,116 12,476 65,359 5,662 12,688 15,972 7,276 28,353 6,303 2,885 7,849 12,016 23,277 Deposits: - Depository institutions 36,633 1,778 8,959 1,589 1,344 2,862 3,563 2,980 869 584 1,182 2,518 8,405 U.S. Treasury—general account 3,112 — 3,112 — — — — — — — — — — Foreign—official accounts 188 5 74 7 9 8 14 20 5 5 6 13 22 Other 312 1 194 — 1 21 2 84 — 1 3 2 3 Total deposits 40,245 1,784 12,339 1,596 1,354 2,891 3,579 3,084 874 590 1,191 2,533 8,430 Deferred credit items 6,972 395 839 339 276 403 616 597 360 380 1,032 428 1,307 Other liabilities and accrued dividends 1 2,276 142 719 70 137 187 105 274 65 38 90 132 317 TOTAL LIABILITIES 249,609 14,797 79,256 7,667 14,455 19,453 11,576 32,308 7,602 3,893 10,162 15,109 33,331 CAPITAL ACCOUNTS Capital paid in 1,977 65 517 93 113 111 174 258 57 62 81 167 279 Surplus 1,874 61 466 86 111 101 168 251 58 61 81 158 272 Other capital accounts 398 22 152 16 19 35 19 45 7 5 11 18 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 253,858 14,945 80,391 7,862 14,69b 19,700 11,937 32,862 7,724 4,021 10,335 15,452 33,931 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 249,343 15,282 72,200 9,188 15,076 20,900 13,337 31,787 8,415 3,748 11,161 15,591 32,658 Less-Held by F.R. Banks 49,227 2,806 6,841 3,526 2,388 4,928 6,061 3,434 2,112 863 3,312 3,575 9,381 F.R. notes, net 200,116 12,476 65,359 5,662 12,688 15,972 7,276 28,353 6,303 2,885 7,849 12,016 23,277 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 184,029 Total collateral 200,116 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