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 '•^ft^-' 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 17. 1987 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items WWeeeekk eennddeedd ** Change from week ended Wednesday * SSeepptt.. 1166,,,,11998877 Sept. 9, 1987 Sept. 17, 1986 Sept. 16, 1987 Reserve Bank credit: 1 2 236,477 + 1,623 + 23,183 241,083 U.S. government securities- Bought outright—system account 211,026 + 1,117 + 23,651 215,220 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 7,623 — - 424 7,623 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,026 + 278 + 158 672 Includes: seasonal borrowing of 214 - 5 + 91 219 extended credit of 663 + 454 + 75 319 Float 807 - 38 + 284 996 Other F.R. assets 15,995 + 265 - 486 16,572 Gold stock 11,068 - 1 - 16 11,068 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 17,977 + 10 + ^2_ 17.986 Total factors supplying reserve funds 270,540 + 1,631 + 23,726 275,155 Currency in circulation** 218,742 + 446 + 17,038 218,365 Treasury cash holdings** 458 — - 38 460 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,207 + 509 + 109 9,479 Foreign 255 - 21 + 6 282 Service-related balances and adjustments3 1,908 - 1 + 23 1,718 Other 371 + 34 - 195 503 Other F.R. liabilities and capital 7,052 - 93_ + 706 7.171 Total factors, other than reserve balances, absorbing reserve funds 232,994 + 875 + 17,650 237,978 Reserve balances with F.R. Banks« 37,546 + 757 + 6,076 37,177 On September 16, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 184,423. million, an increase of $ 511 million for the week. 1 Net of $ 2,932 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,932 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,378 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,378 million was with foreign official and international accounts. Includes $ 971 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,718 million and adjustments of $ 190 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Atlanta District). ** 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 September 16, 1987 September 9, 1987 September 17, 1986 ASSETS Gold certificate account 11,068 _ 16 Special Drawing Rights certificate account 5,018 — Coin 427 + 6 - 48 Loans 672 - 777 — 80 Acceptances- Held under repurchase agreements __ Federal agency obligations- Bought outright 7,623 424 Held under repurchase agreements1 __ _,_ — U.S. government securities: Bought outright—Bills 108,765 - 544 + 14,220 Notes 78,844 + 3,592 + 12,247 Bonds 27,611 + 512 + 1,835 Total bought outright^ 215,220 + 3,560 + 28,302 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss11 ~ TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 215,220 + 3,560 + 28,302 Total loans and securities 223,515 + I77BT + 27,798 Cash items in process of collection (1,378) 8,462 _ 1,695 + 168 Bank premises 687 _ 1 + 44 Other assets 3 15,885 + 728 + 373 TOTAL ASSETS (1,378) 265,062 + TToTT + 2B73T9 LIABILITIES Federal Reserve notes 201,266 — 704 + 16,330 Deposits: Depository institutions 38,895 _ 4,604 + 5,731 U.S. Treasury—general account 9,479 + 7,061 + 4,814 Foreign—official accounts 282 _ 35 + 35 Other 550033 ++ 119955 Total deposits 4499,,115599 ++ 22,,661177 ++ To,580 Deferred availability cash items (1,378) 7,466 _ 435 + 438 Other liabilities and accrued dividends4 2,859 + 327 + 657 TOTAL LIABILITIES (1,378) 260,750 + 1,805 + 28,005 CAPITAL ACCOUNTS Capital paid in 1,999 - 1 + 153 Surplus 1,874 + 93 Other capital accounts 439 + 17 + 68 * 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 S 1,422 million was outstanding at the end of the latest statement week. 2 Net of $ 2,378 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 971 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 $ 78 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. ** Estimated (Atlanta District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 16, 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 obligal ions LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings (Weekly c hanges Within 15 days 631 — 13,833 + 3,187 288 + 218 16 days to 90 days 41 — 48,771 - 3,657 688 - 278 91 days to 1 year — — 69,950 + 368 1,444 + 70 Over 1 year to 5 years — — 43,018 + 2,551 3,602 _ 45 Over 5 years to 10 years — — 14,819 + 618 1,321 + 35 Over 10 years — — 24,829 + 493 280 Total 672 — 215,220 + 3,560 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 16, 1987 Millions of dollars * Kansas 1 San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City 1 Dallas Francisco ASSETS Go'd 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 427 21 17 15 27 66 52 30 29 12 38 34 86 Loans 672 2 13 1 4 91 40 148 52 109 202 10 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 108,765 6,708 34,993 3,291 6,524 9,191 4,830 12,613 3,141 1,635 4,319 6 ,453 15,067 Notes 78,844 4,863 25,367 2,386 4,729 6,662 3,502 9,143 2,277 1,185 3,131 4 ,677 10,922 Bonds 27,611 1,703 8,883 836 1,656 2,333 1,226 3,202 797 415 1,097 1 ,638 3,825 Total bought outright 2 215,220 13,274 69,243 6,513 12,909 18,186 9,558 24,958 6,215 3,235 8,547 12 ,768 29,814 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 215,220 13,274 69,243 6,513 12,909 18,186 9,558 24",958 6,215 3,235 8,547 12 ,768 29,814 Total loans and securities 223,515 13,744 71,698 6,757 13,367 18,834 9,987 25,882 6,583 3,402 8,959 13 ,422 30,880 Items in process of collection 9,840 659 1,353 446 505 506 991 730 471 511 1,326 634 1,708 Bank premises 687 93 32 46 32 105 52 65 19 23 47 20 153 Other assets 3 15,885 548 3,378 528 812 810 949 4,555 385 358 534 955 2,073 Interdistrict settlement account -0- 87 + 7,856 99 685 - 1,676 365 + 52 - 230 - 220 - 1,166 624 - 2,756 TOTAL ASSETS 266,440 15,998 88,990 8,240 15,036 20,039 12,465 33,353 7,768 4,321 10,516 15 ,417 34,297 * Estimated (Atlanta District). 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 $ 1,422 million was outstanding at the end of the latest statement week. 2 Net of S 2,378 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 971 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 $ 78 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 16, 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 201.266 12,631 66,659 5,683 12,719 15,818 7,261 28,471 6,186 3,006 7,878 11,914 23,040 Deposits: Depository institutions 38.895 2,612 9,198 1,755 1,553 3,247 3,660 3,212 854 630 1,082 2,430 8,662 U.S. Treasury-general account 9.479 9,479 Foreign-official accounts 282 5 168 7 9 8 14 20 5 5 6 13 22 Other 503 1 360 1 33 2 99 1 3 2 1 Total deposits 49,159 2,618 19,205 1,762 1,563 3,288 3,676 33,,333311 886600 663355 11,,009911 22,,444455 8,685 Deferred credit items 8.844 440 1,122 516 361 477 759 669933 552277 550099 11..227733 555533 1,614 Other liab lities and accrued dividends 1 2,859 158 840 78 149 207 407 330033 7722 4433 110000 114477 355 TOTAL LIABILITIES 262.128 15,847 87,826 8,039 14,792 19,790 12,103 3322,,779988 77,,6644~~55 44,,119933 1100,,334422 1155,,005599 33,694 CAPITAL ACCOUNTS Capital paid in 1,999 66 530 96 112 112 176 225588 5577 6622 8811 116699 280 Surplus 1,874 61 466 86 111 101 168 225511 5588 6611 8811 115588 272 Other capital accounts 439 24 168 19 21 36 18 4466 88 55 1122 3311 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 266,440 15,998 88,990 8,240 15,036 20,039 12.465 33,353 7,768 4,321 10,516 15,417 34,297 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 251,778 15,482 74,202 9.402 15,213 21,108 13,167 333111,,,777666444 8,463 3,841 111111,,,000222999 111555...555777000 32,537 Less-Held by F.R. Banks 50,512 2,851 7,543 3,719 2,494 5,290 5,906 333,,,222999333 2,277 835 333,,,111555111 333,,,666555666 9,497 F.R. notes, net 201,266 1122,,663311 6666,,665599 55,,668833 1122,,771199 1155,,881188 77,,226611 222888,,,444777111 66,,118866 33,,000066 777,,,888777888 111111,,,999111444 23,040 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 185,180 Total collateral 201,266 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Atlanta District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis