H.4.1 Factors Affecting Reserve Balances of Depository Institutions

£^§^>. 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 September• 3, 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 SSeepptt.. 22,, 11998877 Aug. 26, 1987 Sept . 3, 1986 Sept. 2, 1987 Reserve Bank credit:12 231,645 + 659 + 19,720 231,060 U.S. government securities- Bought outright—system account 207,326 + 1,456 + 21,066 206,643 Held under repurchase agreements — — 520 — — Federal agency obligations- Bought outright 7,624 + 1 - 423 7,623 Held under repurchase agreements — 124 — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 546 _ 366 _ 425 506 Includes: seasonal borrowing of 263 _ 28 + 103 227 extended credit of 137 + 7 482 145 Float 541 + 22 + 19 535 Other F.R. assets 15,609 + 192 _ 517 15,753 Gold stock 11,068 _ 1 _ 16 11,068 Special Drawing Rights certificate account 5,018 _— — 5,018 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 17,996 + 13 + 600 18,005 TToottaall ffaaccttoorrss ssuuppppllyyiinngg rreesseerrvvee ffuunnddss 265,728 + 673 + 20,305 265,151 Currency in circulation* 216,585 + 15 + 14,587 217,324 Treasury cash holdings* 465 _ 6 _ 32 460 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,496 + 380 + 1,401 5,530 Foreign 218 _ 34 _ 21 213 Service-related balances and adjustments3 1,973 + 13 + 55 1,709 Other 377 + 25 _ 136 349 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 6,772 + 68_ _+ 278 6,721 TToottaall ffaaccttoorrss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, absorbing reserve funds 229,885 + 458 + 16,131 232,306 Reserve balances with F.R. Banks * 35,843 + 214 + 4,174 32,846 On September 2, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 183,299 million, an increase of $ 1,222 million for the week. 1 Net of $ 2,390 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,390 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,547 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,547 million was with foreign official and international accounts. Includes $ 463 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,709 million and adjustments of $ 264 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensatsate 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 , ** vvvveeoonneeooooeeyy Wednesday Wednesday September 2, 1987 August 26, 1987 September 3, 1986 ASSETS Gold certificate account 11,068 — - 16 Special Drawing Rights certificate account 5,018 — — Coin 437 - 5 - 24 Loans 506 - 2,467 - 844 Acceptances— _ Held under repurchase agreements mmmm mmmm — Federal agency obligations— Bought outright 7,623 _ 1 - 424 Held under repurchase agreements 1 —— _ 869 ... U.S. government securities: Bought outright—Bills 104,293 + 835 + 9,889 Notes 75,252 — + 8,655 Bonds 27,098 - 1 + 1.322 Total bought outright2 206,643 + #34 + 19,866 Held under repurchase agreements1 — —— 33,,663399 — Total U.S. government securities 206,643 22..880055 ++ 12*866 Total loans and securities 214,772 - 6,142 + 18,598 Cash Items in process of collection (1.121) 6,852 + 451 - 3,255 Bank premises 685 - 2 + 42 Other assets 3 15,068 + 136 _ 499 TOTAL ASSETS (1,121) 253,900 - 5,562 + 14,846 LIABILITIES Federal Reserve notes 200,215 + 846 + 13,827 Deposits: Depository institutions 34,555 - 8,535 + 890 U.S. Treasury—general account 5,530 + 1,575 + 2,405 Foreign—official accounts 213 - 4 - 15 Other 349 - 137 - 152 Total deposits 40,647 - 77101 + TTTZff Deferred availability cash items (1.121) 6,317 + 630 - 2,495 Other liabilities and accrued dividends4 2,247 - 151 + 129 TOTAL LIABILITIES (1.121) 249,426 - 5,776 + 14,589 CAPITAL ACCOUNTS Capital paid in 1,985 + 2 + 139 Surplus 1,874 — + 93 Other capital accounts 615 + 212 + 25 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 $ 3,547 million was outstanding at the end of the latest statement week. Net of S 2,390 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 463 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 S 91 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, September 2, 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 I Weekly changes Holdings JWeekly changes Within 15 days 337700 1111,,772266 4,154 7700 1,114 16 days to 90 days 113366 5500,,779944 ++ 4,324 996655 + 347 91 days to 1 year 6655,,112200 2,862 11,,337755 87 Over 1 year to 5 years —— 4400,,446677 112 33,,664477 16 Over 5 years to 10 years 1144,,220000 11,,228866 Over 10 years 2244,,333366 228800 Total 11 550066 220066,,664433 2,804 77,,662233 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 September 2, 1987 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City 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 CCooiinn 437 22 16 16 30 70 55 26 28 12 37 35 90 LLooaannss 506 4 15 8 3 25 94 35 117 65 86 45 0 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 104,293 6,433 33,554 3,156 6,255 8,813 4,632 12,094 3,012 1,568 4,142 6,187 14,447 Notes 75,252 4,642 24,211 2,277 4,514 6,358 3,342 8,727 2,173 1,131 2,988 4,464 10,425 Bonds 27,098 1,671 8,719 820 1,625 2,290 1,203 3,142 783 407 1,076 1,608 3,754 Total bought outright 2 206,643 12,746 66,484 6,253 12,394 17,461 9,177 23,963 5,968 3,106 8,206 12,259 28,626 Held under repurchase agreements ' — — — — — — — — — — — — — Total U.S. government securities 206,643 12,746 66,484 6,253 12,394 17,461 9,177 23,963 5,968 3,106 8,206 12,259 28,626 Total loans and securities 214,772 13,220 68,952 6,492 12,854 18,130 9,609 24,882 6,305 3,286 8,595 12,756 29,691 Items in process of collection 7,973 470 948 406 253 477 712 666 429 386 1,174 459 1,593 Bank premises 685 93 33 46 32 105 52 61 19 24 47 20 153 Other assets 3 15,068 522 3,204 521 710 769 955 4,449 372 344 516 957 1,749 Interdistrict settlement account -0- 72 + 3,620 - 33 129 - 1,195 + 540 + 405 + 125 - 50 - 795 48 - 2,368 TOTAL ASSETS 255,021 15,275 81,429 7,995 14,728 19,750 12,722 32,528 7,789 4,237 10,352 15,155 33,061 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 $ 3,547 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 463 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 $ 91 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 September 2, 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 200,215 12,324 65,886 5,687 12,603 15,778 7,336 28,180 6,262 2,947 7,842 11,977 23,393 Deposits: Depository institutions 34,555 2,237 6,987 1,651 1,463 3,014 4,222 2,778 940 717 1,069 2,179 7,298 U.S. Treasury-general account 5,530 5,530 Foreign-official accounts 213 5 99 7 9 8 14 20 5 5 6 13 22 Other 349 1 187 1 1 49 1 103 1 2 2 1 Total deposits 40,647 2,243 12,803 1,659 1,473 3,071 4,237 2,901 946 722 1,077 2,194 7,321 Deferred credit items 7,438 411 835 370 265 459 667 597 387 395 1,161 481 1,410 Other liabilities and accrued dividends1 2,247 139 723 69 133 184 102 267 64 38 91 131 306 TOTAL LIABILITIES 250,547 15,117 80,247 7,785 14,474 19,492 12,342 31,945 7,659 4,102 10,171 14,783 32,430 CAPITAL ACCOUNTS Capital paid in 1,985 67 517 96 112 111 174 258 58 62 81 169 280 Surplus 1,874 61 466 86 111 101 168 251 58 61 81 158 272 Other capital accounts 615 30 199 28 31 46 38 74 14 12 19 45 79 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 255,021 15,275 81,429 7,995 14,728 19,750 12,722 32,528 7,789 4,237 10,352 15,155 33,061 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 250,683 15,192 73,216 9,349 15,132 20,950 13,412 31,575 8,429 3,798 11,095 15,666 32,869 Less-Held by F.R. Banks 50,468 2,868 7,330 3,662 2,529 5,172 6,076 3,395 2,167 851 3,253 3,689 9,476 F.R. notes, net 200,215 1122,,332244 6655,,888866 55,,668877 1122,,660033 1155,,777788 77,,333366 2288,,118800 66,,226622 22,,994477 77,,884422 1111,,997777 23,393 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 184,129 Total collateral 200,215 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