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 fSsrs^V 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 24, 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.. 2233,, 11998877 Sept . 16, 1987 Sept. 24, 1986 Sept. 23, 1987 Reserve Bank credit: 1 2 251,932 + 15,454 + 34,832 261,275 U.S. government securities- Bought outright—system account 214,425 + 3,399 + 26,583 214,370 Held under repurchase agreements 8,982 + 8,982 + 6,436 17,229 Federal agency obligations- Bought outright 7,623 — - 424 7,624 Held under repurchase agreements 2,390 + 2,390 + 2,114 3,449 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 976 - 50 - 118 935 Includes: seasonal borrowing of 237 + 23 + 91 264 extended credit of 398 - 265 - 152 455 Float 842 + 52 + 250 523 Other F.R. assets 16,693 + 680 - 11 17,145 Gold stock 11,068 — - 16 11,068 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 17,987 + 10 _+ 558 17,996 Total factors supplying reserve funds 286,005 + 15,463 + 35,374 295,357 Currency in circulation* 217,459 - 1,283 + 16,742 217,010 Treasury cash holdings* 460 + 2 - 36 460 Deposits, other than reserve balances, with F.R. Banks: Treasury 21,647 + 17,440 + 14,022 25,657 Foreign 198 - 57 - 70 218 Service-related balances and adjustments3 1,965 + 57 - 8 1,719 Other 376 + 5 - 106 324 Other F.R. liabilities and capital 7,667 + 614 + 1,346 7,993 Total factors, other than reserve balances, absorbing reserve funds 249,771 + 16,776 + 31,889 253,381 Reserve balances with F.R. Banks4 36,234 - 1,312 + 3,484 41,976 On September 23, 1987, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $181,872 million, a decrease of $ 2,551 million for the week. 1 Net of $ 3,383 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,383 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,473 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,473 million was with foreign official and international accounts. Includes $ 1,155 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,719 million and adjustments of $ 246 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 Wednes day September 23, 1987 September 16, 1987 September 24, 198A ASSETS Gold certificate account 11,068 __ _. 16 Special Drawing Rights certificate account 5,018 — Coin 441 + 14 -. 60 Loans 935 + 263 -. 620 Acceptances- Held under repurchase agreements _... Federal agency obligations- 7,624 + 1 .. 423 Bought outright 3,449 + 3,449 + 3,230 Held under repurchase agreements'! U.S. government securities: Bought outright—Bills 107,914 „ 851 + 14,040 Notes 78,845 + 1 + 12,248 BBoonnddss 27,611 — + 1,835 TToottaall bboouugghhtt oouuttrriigghhtt^^ 214,370 . 850 Hh 28,123 Held under repurchase agreements1 17,229 + 17,229 + 15,518 Total U.S. government securities 231,599 + 16,379 -f 43,641 Total loans and securities 243,60/ + 20,092 -h 45,828 Cash items in process of collection (1,031) 6,205 _ 2,257 - 280 Bank premises 687 .... + 39 Other assets 3 16,458 + 573 + 320 TOTAL ASSETS (1,031) 283,484 + 18,422 + 45,831 LIABILITIES Federal Reserve notes 199,915 - 1,351 + 15,871 Deposits: Depository institutions 43,695 + 4,800 + 10,201 U.S. Treasury—general account 25,657 + 16,178 + 17,913 Foreign—official accounts 218 _ 64 + 10 Other 324 - 179 — 125 Total deposits (1,031) 69,894 + 20,735 + 27,999 O De th fe e r r r e li d a b a i v li a ti i e la s b a il n it d y a c c a c s r h u e it d e m d s iv idends4 3 5 . ,6 6 8 6 2 0 + — . 1,7 8 8 0 4 1 • f f 1,5 1 1 2 3 1 TOTAL LIABILITIES (1,031) 279,151 + 18,401 •f 45,504 CAPITAL ACCOUNTS Capital paid in 2,005 + 6 + 157 Surplus 1,873 _ 1 •f 92 Other cap'tal accounts 455 + 16 + 78 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 $ 3,473 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,155 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 $ 85 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 23, 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 IWeekly changes Within 15 days 904 — 12,567 . 1,266 288 — 16 days to 90 days 31 — 66.362 + 17,591 4,138 + 3,450 91 days to 1 year — — 70,004 + 54 1,444 — Over 1 year to 5 years — — 43.018 — 3,602 — Over 5 years to 10 years — — 14,819 — 1,321 — Over 10 years 935 111 1' 1 24,829 — 280 — Total 935 231.599 + 11,073 111 1' 1 24,829 280 231.599 + 16.379 11,073 + 3,450 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA 1{b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 23. 1987 Millions of dollars Total 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 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 441 22 18 17 28 69 55 32 28 12 38 35 87 Loans 935 19 19 32 1 7 105 71 104 56 146 362 13 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 * 3.449 — 3,449 — — — — — — — — — — U.S. government securities: Bought outright-Bills 107,914 6,656 34,720 3,265 6,473 9.119 4,793 12,514 3,117 1,622 4,285 6,401 14,949 Notes 78,845 4,863 25,367 2,386 4.729 6.662 3,502 9.143 2,277 1,185 3,131 4,678 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 2 214,370 13,222 68,970 6,487 12.858 18.114 9,521 24,859 6,191 3,222 8.513 12,717 29,696 Held under repurchase agreements 1 17,229 — 17,229 — — — — — — — — — — Total U.S. government securities 231,599 13,222 86.199 6,487 12,858 18,114 9,521 24,859 6,191 3,222 8,513 12,717 29,696 Total loans and securities 243,607 13,711 92,120 6,750 13,316 18,765 9,965 25,814 6,515 3,393 8,962 13,531 30,765 Items in process of collection 7,236 448 843 350 318 382 715 583 331 363 961 407 1,535 Bank premises 687 92 32 46 32 105 52 65 20 23 47 20 153 Other assets 3 16,458 559 4,143 540 778 829 971 4,552 395 350 540 968 1.833 Interdistrict settlement account -0- 128 + 5,963 - 327 572 - 1,831 - 503 + 616 11 + 143 982 412 - 1.956 TOTAL ASSETS 284,515 15,724 107,775 7,923 14,878 19,713 12,054 33,701 7,789 4,519 10,344 15,525 34.570 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 $ 3,473 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1 > 155 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. 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 23, 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 199.915 12,454 66,588 5.538 12,535 15,598 7,337 28,111 6,095 2,991 7.838 11,849 22,981 Deposits: Depository institutions 43.695 2,574 11,384 1.717 1,650 3,248 3,562 4,067 1,161 985 1,321 2,753 9,273 U.S. Treasury-general account 25,657 25,657 Foreign-official accounts 218 5 104 7 9 8 14 20 5 5 6 13 22 Other 324 1 175 1 32 1 108 1 2 2 1 Total deposits 69,894 2,580 37.320 1,724 1,660 3,288 3,577 4,195 1.167 990 1,329 2,768 9,296 Deferred credit items 6,713 382 742 383 289 371 660 539 332 367 902 404 1,342 Other liab lities and accrued dividends * 3,660 155 1.955 77 151 206 115 299 70 43 99 146 344 TOTAL LIABILITIES 280,182 15,571 106.605 7,722 14,635 19,463 11,689 33,144 7.664 4,391 10,168 15.167 33,963 CAPITAL ACCOUNTS Capital paid in 2,005 67 530 96 112 112 176 258 58 62 84 169 281 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 455 25 174 19 20 37 21 48 9 5 11 31 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 284,515 15,724 107.775 7.923 14,878 19,713 12,054 33,701 7,789 4,519 10.344 15.525 34,570 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 252,482 15,476 74.512 9.375 15,108 21,168 13,427 31,660 8,449 3,922 11.034 15.574 32,777 Less-Held by F.R. Banks 52,567 3,022 7.924 3.837 2,573 5,570 6,090 3,549 2,354 931 3,196 3,725 9,796 F.R. notes, net 199,915 1122,,445544 6666..558888 55,,553388 1122,,553355 1155,,559988 77..333377 2288,,111111 66,,009955 22..999911 77,,883388 1111,,884499 22,981 Collateral held against F.R. notes: Gold certificate account 11,068 Special Drawing Rights cert if. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 183,829 Total collateral 199,915 1 Includes exchanye 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