H.4.1 Factors Affecting Reserve Balances of Depository Institutions

\ol£o^'. m FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release \»/ill 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 27, 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.. 2266,, 11998877 Aug . 19, 1987 Aug. 27, 1986 Aug. 26, 1987 Reserve Bank credit: 1 2 230,982 + 15 + 20,292 237,247 U.S, government securities- Bought outright—system account 205,870 + 587 + 20,275 205,809 Held under repurchase agreements 520 + 34 + 520 3,639 Federal agency obligations- Bought outright 7,623 — - 424 7,624 Held under repurchase agreements 124 + 30 + 124 869 Acceptances- Bought outright — — — Held under repurchase agreements — — — — Loans to depository institutions 912 + 387 + 25 2,973 Includes: seasonal borrowing of 291 + 11 + 127 293 extended credit of 130 + 5 - 470 123 Float 525 - 356 - 208 714 Other F.R. assets 15,407 « 668 - 22 15,619 Gold stock 11,069 _ 15 11,068 Special Drawing Rights certificate account 5,018 + 200 5,018 Treasury currency outstanding 17,983 + 14 + 598 17,995 Total factors supplying reserve funds 265,051 + 28 + 21,074 271,328 Currency in circulation* 216,570 787 + 15,970 216,451 Treasury cash holdings* 472 _ 1 _ 40 472 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,116 _ 58 _ 168 3,955 Foreign 252 _ 8 + 28 217 Service-related balances and adjustments3 1,960 + 37 _ 3 1,698 Other 352 _ 7 _ 101 486 Other F.R. liabilities and capital 6,704 - 42 + 437 6,658 Total factors, other than reserve balances, absorbing reserve funds 229,427 - 866 + 16,124 229,937 Reserve balances with F.R. Banks4 35,625 + 895 + 4,950 41,392 On August 26, 1987 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official f and international accounts were $ 182,077 million, an increase of $ 2,602 million for the week. 1 Net of $ 3,476 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,746 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,577 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,577 million was with foreign official and international accounts. Includes $ 774 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,698 million and adjustments of $ 262 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 sines •• WWeeddnneessddaayy Wednesday Wednesday August 26, 1987 August 19, 1987 August 27. lQftk ASSETS Gold certificate account 11,068 _ 1 _ 16 Special Drawing Rights certificate account 5,018 + 200 Coin 442 + 1 - 34 Loans 2,973 + 2,471 + 2,029 Acceptances- Held under repurchase agreements __ Federal agency obligations- Bought outright 7,624 + 1 _ 423 Held under repurchase agreements1 869 + 869 + 869 U.S. government securities: Bought outright—Bills 103,458 _ 479 + 10,256 Notes 75,252 + 8,655 Bonds 27,099 + 1,323 Total bought outright2 205,809 479 + 20,234 Held under repurchase agreements'1 3,639 + 33..663399 + 333,,,333666999 Total U.S. government securities 209,448 + 33,,116600 + 222333,,,888777333 Total loans and securities 220,914 + 6,501 + 222666,,,333444888 Cash items in process of collection (1,129) 6,401 234 111,,,333444000 Bank premises 687 - 4 + 45 Other assets 3 TOTAL ASSETS 14,932 + 393 + 1,126 (1,129) 259,462 + 6,656 + 26,329 LIABILITIES Federal Reserve notes 199,369 - 747 + 14,800 Deposits: Depository institutions 43,090 + 6,457 + 10,878 U.S. Treasury—general account 3,955 + 843 + 65 Foreign—official accounts 217 + 29 11 Other 486 + 174 _. 11 Total deposits 47,748 + 7,503 + 10,921 Deferred availability cash items (1,129) 5,687 _ 233 + 63 Other liabilities and accrued dividends4 2,398 + 122 + 295 TOTAL LIABILITIES (1,129) 255,202 + 6,645 + 26,079 CAPITAL ACCOUNTS Capital paid in 1,983 + 6 + 139 Surplus 1,874 + 93 Other capital accounts 403 + 5 + 18 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 $ 3,577 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 774 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 $ 86 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 26, 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 2,948 — 15,880 + 2,701 1,184 + 889 16 days to 90 days 25 — 46,470 + 318 618 - 70 91 days to 1 year — — 67,982 + 141 1,462 + 111 Over 1 year to 5 years — — 40,579 — 3,663 _ 43 Over 5 years to 10 years — — 14,200 - 1 1,286 - 17 Over 10 years — 2244,,333366 — 228800 Total 2,973 33^^ 220099,,444477 ++ 3,159 88,,449933 ++ 870 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 26, 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 11,068 706 3,167 385 664 933 596 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 442 24 15 17 29 70 58 23 28 12 38 35 93 Loans 2,973 383 1,822 10 3 193 107 41 109 112 96 19 78 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7,624 470 2,453 231 457 644 339 884 220 115 303 452 1,056 Held under repurchase agreements 1 869 ~ 869 ~ — — — — — — -- — — U.S. government securities: Bought outright—Bills 103,458 6 ,381 33,286 3,131 6,205 8,742 4,595 11,997 2,988 1,555 4,109 6,137 14,332 Notes 75,252 4 ,642 24,211 2,277 4,514 6,359 3,342 8,727 2,173 1,131 2,988 4,464 10,424 Bonds 27,099 1 ,671 8,719 820 1,625 2,290 1,203 3,143 783 407 1,076 1,608 3,754 Total bought outright 2 205,809 12 ,694 66,216 6,228 12,344 17,391 9,140 23,867 5,944 3,093 8,173 12,209 28,510 Held under repurchase agreements 1 3,639 — 3,639 — — — — — — — — — — Total U.S. government securities 209,448 12 ,694 69,855 6,228 12,344 17,391 9,140 23,867 5,944 3,093 8,173 12,209 28,510 Total loans and securities 220,914 13 ,547 74,999 6,469 12,804 18,228 9,586 24,792 6,273 3,320 8,572 12,680 29,644 Items in process of collection 7,530 330 881 427 272 431 715 680 373 410 1,047 444 1,520 Bank premises 687 92 33 46 32 104 55 59 19 24 47 20 156 Other assets 3 14,932 504 3,298 503 714 750 926 4,421 362 335 504 907 1,708 Interdistrict settlement account -0- + 153 + 3,096 - 259 192 - 1,177 177 + 549 + 367 + 164 773 + 294 - 2,045 TOTAL ASSETS 260,591 15 ,670 86,978 7,750 14,637 19,800 11,962 32,563 7,933 4,500 10,213 15,356 33,229 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 $ 3,577 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 774 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 $ 86 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 26, 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 199,369 12,308 65,513 5,667 12,502 15,747 7,384 27,988 6,219 2,865 7,773 11,935 23,468 Deposits: Depository institutions 43,090 2,670 14,318 1,469 1,468 3,194 3,479 3,144 1,157 1,093 1,154 2,520 7,424 U.S. Treasury-general account 3,955 3,955 Foreign-official accounts 217 5 103 7 9 8 14 20 5 5 6 13 22 Other 486 1 364 1 1 19 2 92 3 2 1 Total deposits 47,748 2,676 18,740 1,477 1,478 3,221 3.495 3,256 1,162 1,098 1,163 2,535 7,447 Deferred credit items 6,816 396 749 340 278 398 618 488 364 371 1.015 398 1,401 Other liabilities and accrued dividends 1 2,398 140 848 69 137 187 105 277 65 38 90 133 309 TOTAL LIABILITIES 256,331 15,520 85,850 7,553 14,395 19,553 11,602 32,009 7,810 4,372 10,041 15,001 32,625 CAPITAL ACCOUNTS Capital paid in 1,983 66 517 96 112 111' 174 258 57 62 81 169 280 Surplus 1,874 61 466 86 111 101 168 251 58 61 81 158 272 Other capital accounts 403 23 145 15 19 35 18 45 8 5 10 28 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 260,591 15,670 86,978 7,750 14,637 19,800 11,962 32,563 7,933 4,500 10,213 15,356 33,229 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 250,039 15,190 72,581 9,288 15,024 20,931 13,556 31,586 8,391 3,735 11,094 15,632 33,031 Less-Held by F.R. Banks 50,670 2,882 7,068 3,621 2,522 5,184 6,172 3,598 2,172 870 3,321 3,697 9,563 F.R. notes, net 199,369 1122,,330088 6655,,551133 55,,666677 1122,,550022 1155,,774477 77,,338844 2277,,998888 66,,221199 22,,886655 77,,777733 1111,,993355 23,468 Collateral held against F.R. notes: Gold certificate account 11,068 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 183,283 Total collateral 199,369 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