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 10, 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.. 99,, 11998877 Sep t. 2, 1987 Sept* 10. 19861 Sept. 9. 1987 Reserve Bank credit: 1 2 U.S. government securities- 234,885 + 3,240 + 21,400 238,833 Bought outright—system account 209,909 + 2,583 + 22,733 211,660 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 7,623 - 1 - 424 7,623 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 748 + 202 - 503 1,449 Includes: seasonal borrowing of 219 - 44 + 82 203 extended credit of 209 + 72 - 356 613 Float 877 + 336 + 15 2,256 Other F.R. assets 15,729 + 120 - 421 15,845 Gold stock 11,069 + 1 - 15 11,068 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,006 + 10 + 599 18,015 Total factors supplying reserve funds 268,979 + 3,251 + 21,985 272,934 Currency in circulation** 218,336 + 1,751 + 15,825 219,106 Treasury cash holdings-* 458 - 7 - 38 458 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,698 + 202 + 274 2,418 Foreign 276 + 58 + 1 317 Service*related balances and adjustments3 1,909 - 64 + 30 1,708 Other 337 - 40 - 148 308 Other F.R. liabilities and capital 7>145 + 373 + 596 6,828 Total factors, other than reserve balances, absorbing reserve funds 232,159 + 2,274 + 16,540 231,143 Reserve balances with F.R. Banks4 36,820 + 977 1 + 5,446 41,791 On September 9, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $183,882 million, an increase of $ 583 million for the week. 1 Net of $ 3,108 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,108 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 1,524 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,524 million was with foreign official and international accounts. Includes $ 1,903 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,708 million and adjustments of $ 201 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 (•) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since Wednesday , Wednesday Wednesday (September 9, 1987 September 2, 1987 September 10, 1986 ASSETS 16 11,068 Gold certificate account 5,018 Special Drawing Rights certificate account 421 16 41 Coin 1,449 943 2,883 Loans Acceptances- Held under repurchase agreements 424 7,623 Federal agency obligations- Bought outright U.S H . e g ld o v u e n rn d m er e r n e t p s u e rc c h u a ri s ti e e s a : g reements 1 109,309 5,016 + 12,607 Bought outright—Bills 75,252 + 8,655 Notes 27.099 + + 1,323 Bonds 211,660 + 5,017 + 22;5BS Total bought outrlght2 Held under repurchase agreements1 211.660 + 5^17 + 22,585" Total U.S. government securities 220,732 + 5,960 + 19,278" Total loans and securities (1,393) 10,157 + 3,305 + 3,847 Cash Items in process of collection 688 + 3 + 44 Bank premises 15,157 + §2 518 Other assets 3 (1,393) 263,241 + 9,341 22,5$4' TOTAL ASSETS LIABILITIES Federal Reserve notes 201,970 + 1,755 + 16,114 Deposits: Depository institutions 43,499 + 8,944 + U.S. Treasury—general account 2,418 3,112 Foreign—official accounts 317 + 104 Other 308 41 Total deposits 46,542 + 5,895 + Deferred availability cash Items (1,393) 7,901 + 1,584 + Other liabilities and accrued dividends4 2.532 + 285 + TOTAL LIABILITIES (1,393) 258,945 9,519 + CAPITAL ACCOUNTS Capital paid in 2,000 15 + Surplus 1,874 + Other capital accounts 422 JZL + * 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 $ 1,767 million was outstanding at the end of the latest statement week. 2 Net of $ l ,524 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1 »903 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 $ 85 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, September 9, 1987 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days In accordance with maximum maturity of the agreements. Loans Acceptances U.S. government securities Federal agency obiigstions— Holdings |Weekly changes Holdings jWeekly^change? Within 15 days 1,316 10,646 1,080 70 18 days to 90 days 133 52,428 + 1,634 966 91 days to 1 year 69,582 + 4,462 1,374 Over 1 year to 5 years 40,467 3,647 Over 5 years to 10 years 14,201 1,286 Over 10 years 24,336 280 Total 1,449 211,660 5,017 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 September 9, 1987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Franc, JCJJ ASSETS f Gold certificate account 11,068 706 3,167 385 664 933 596 1,383 351 169 562 669 1,483 Special Drawing Rights cert if. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 421 21 15 15 27 65 52 28 28 11 37 34 88 Loans 1.449 — 49 4 151 346 111 37 84 61 90 509 7 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 ! 109,309 6,742 35,169 3,308 6,556 9,236 4,854 12,676 3,157 1,643 4,341 6,485 15,142 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,<*25 Bonds 27.099 1.672 8,718 820 1,625 2,290 1,204 3.142 783 407 1.076 1.608 3.75A Total bought outright 2 211,660 13,055 68.098 6.405 12,695 17,885 9,400 24,545 6,113 3,181 8,405 12,557 29,321 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 211,660 13,055 68,098 6.405 12,695 17.885 9.400 " 24,545 6.113 3~~181 8,405 12,557 29,321 Total loans and securities 220,732 13,525 70.600 6,640 13,303 18,875 9,849 25,466 6,417 3,357 8,798 13,518 3^,384 Items in process of collection 11.550 841 1,565 745 453 704 1,084 1,155 565 523 1,332 710 1,873 Bank premises 688 93 33 46 32 105 53 62 20 24 47 20 153 Other assets 3 j 15,157 522 3,251 519 731 776 965 4,471 376 345 519 934 1,748 Interdistrict settlement account -0- - 330 + 4,750 - 79 - 496 - 2,118 139 + 1,446 + 58 + 238 -- 777777 -- 335588 - 2.19S TOTAL ASSETS 264,634 15,692 84,870 8.433 15,028 19,801 12,663 34,667 7.975 4,733 1100,,773344 1155,,883344 34,204 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 $ 1,767 million was outstanding at the end of the latest statement week. 2 Net of $ 1.524 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,903million 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 $ 85 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 9, 1987 Millions of dollars Total I 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 201.970 12,480 66,337 5.805 12,740 15,934 7,462 28,434 6,288 3,021 7,905 12,006 23,558 Deposits: Depository institutions 43,499 2,392 12,718 1,666 1,558 2,791 3,929 4,492 998 1,038 1,253 2.742 7,922 U.S. Treasury-general account 2,418 I 2,418 — — — — — — — — — — Foreign-official accounts 317 5 203 7 9 8 14 20 5 5 6 13 22 Other 308 1 1 158 — 1 47 1 95 — — 2 2 1 Total deposits 46,452 r~27398 15,497 1,673 1,568 2,846 3,944 4,607 1,003 1.043 1,261 2,757 7,945 Deferred credit Items 9,294 507 1,049 679 329 568 780 774 488 499 1.293 569 1,759 Other liabilities and accrued dividends 1 2,532 | 155 840 76 148 205 114 298 71 42 101 145 337 TOTAL LIABILITIES 260,338 15,540 83,723 8,233 14,785 19,553 12,300 34.113 7,850 4,605 10,560 15,477 33,599 CAPITAL ACCOUNTS Capital paid in 2,000 67 530 96 112 HI 176 258 58 62 81 169 280 Surplus 1,874 61 466 86 111 101 168 251 58 61 81 158 272 Other capital accounts 422 24 151 18 20 36 19 45 9 5 12 30 53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 264,634 , 15,692 84,870 8,433 15,028 19,801 12,663 34,667 7,975 4,733 10,734 15,834 34,204 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 251,048 15,241 73,750 9,381 15,156 21,009 13,303 31,570 8,423 3,830 11,065 15,621 32,699 Less-Held by F.R. Banks 49,078 2,761 7,413 3,576 2,416 5,075 5,841 3,136 2,135 809 3,160 3,615 9,141 F.R. notes, net 201,970 12,480 66,337 5,805 12,740 15,934 7,462 28,434 6,288 3,021 7,905 12,006 23,558 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 185,884 Total collateral 201,970 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