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 October 1, 1987 Reserve balances of depository institutions at F.R Banks, Averages of dally figures (millions of dollars) Reserve Bank credit, and related items Week ended ^ Change from week ended Wednesday * Sept.30, 1987 Sept. 23, 1987 Oct. 1, 1986 Sept. 30, 1987 Reserve Bank credit: *.* 241,785 -10,127 +24,472 238,49U U.S. government securities- Bought outright—system account 211,713 - 2,712 +24,905 211,941 Held under repurchase agreements 3,148 - 5,834 - 138 Federal agency obligations- Bought outright Held under repurchase agreements 7,623 - 416 7,623 935 - 1,455 + 334 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 1,197 + 221 + 257 1,941 Includes: seasonal borrowing of extended credit of 256 + 19 + 102 222 Float 469 + 71 - 113 446 Other F.R. assets 491 331 31 272 Gold stock 16,678 16 - 440 16,713 11,068 16 11,075 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 17,997 10 558 18,006 Total factors supplying reserve funds 275,869 -10,116 +25,015 272,589 Currency in circulation"* 216,549 - 910 +16,239 216,776 Treasury cash holdings** 459 1 34 459 Deposits, other than reserve balances, With F.R. Banks: Treasury 14,355 - 7,292 + 5,725 9,120 Foreign 263 + 65 89 456 Service-related balances and adjustments 3 2,003 + 38 + 131 1,710 Other 484 + 108 + 4 419 0ther F.R. liabilities and capital 7,094 - 574 + 772 6,668 Total factors, other than reserve balances, absorbing reserve funds 241,208 8,563 +22,749 235,608 Reserve balances with F.R. Banks « 34,660 - 1,554 + 2,265 36,980 0n September 30, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 182,078 million, an increase of $ 206 million for the week. 1 Net of $ 2,547 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,547 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,356 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of * 2,356 million was with foreign official and international accounts. Includes $ 2,028 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,710 million and adjustments of $ 293 million to compensate for float. Excludes required clearing balances and adjustments to compensate for float. Estimated ( York, Philadelphia, Atlanta, and Chicago Districts), # New 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 Wednesday ** Wednesday Wednesday September 30, 1987| September 23, 1987 October 1. 1986 ASSETS Gold certificate account 11,075 Special Drawing Rights certificate account 5,018 Coin 449 8 61 Loans 1,941 + 1,006 + 1,100 Acceptances— Held under repurchase agreements Federal agency obligations— Bought outright 7,623 1 365 HekJ under repurchase agreements* 3,449 U*S. government securities: Bought outright—Bills 105,785 2,129 + 11,393 Notes 78,544 301 + 11,947 Bonds 27,612 1 + 1»836 Total bought outright2 211,941 2,429 + 25,176 Hetd under repurchase agreements * 17,229 Total U.S. government securities 211,94T 19,658 Total loans and securities 221,505 22,102 Cash items in process of collection (1,245) 6,019 292 Bank premises 688 1 Other assets^ 16,025 437 TOTAL ASSETS (1,245) 260,779 22,815 24,677 LIABILITIES Federal Reserve notes 199,679 236 15,316 Deposits: Depository institutions 38,690 - 5,005 + 6,107 U.S. Treasury—general account 9,120 - 16,537 •f 4,108 Foreign—official accounts 456 + 238 + 242 Other 419 + 95 - 306 Totai deposits 48,685 - 21,209 + 10,151 Deferred availability cash items (1,245) 5,747 - 42 - 1,314 Other liabilities and accrued dividends4 2,389 - 1,272 + 246 TOTAL LIABILITIES (1.245) 256,500 - 22,759 + 24,399 CAPITAL ACCOUNTS Capital paid in 2,009 + 4 + 165 Surplus 1,873 — + 92 Other capital accounts 397 • 60 + 21 * Figures in parentheses are the eliminations made in the consolidating process. t Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ l, 788 million was outstanding at the end of the lateat statement week. 2 Net of $ 2,356 million matched sale-purchase transactions outstanding at the ^t\6 of the latest statement week, includes $ 2,028 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 $ 92 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 (New York, Philadelphia, Atlanta and Chicago Districts), MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 30, 1987 Acceptances and securities held under repurchase agreements are ctassified as maturing within 15 days In accordance with maximum maturity of the agreements. U.S, government securities { Federal agency obligator* Loans Acceptances Holdings [Weekly changes Holdings jtejTiiSSg Within 15 days 1,878 12,767 200 359 •*• 71 18 days to 90 days 61 49,795 16,567 602 - 3 ,536 01 days to 1 year 2 67,296 2,708 1,446 + 2 Over 1 year to 5 years 42,435 583 3,615 + 13 Over 5 years to 10 years 14,819 1,321 Over 10 years 24,829 280 Total 1,941 211,941 19,658 7,623 3,450 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 30, 1987 Millions of dollars * * * * Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS f Gold certificate account 11,075 706 3.174 385 664 933 596 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 Corn 449 22 19 17 28 68 58 33 28 12 38 39 87 Loans 1,941 19 468 93 6 14 295 47 93 197 97 354 258 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 105,785 6,525 34.035 3,201 6,345 8,939 4,698 12,267 3,055 1,590 4,201 6 ,275 14,654 Notes 78,544 4,844 25,270 2,377 4,711 6,637 3,488 9,108 2,268 1,181 3,119 4 ,660 10.881 Bonds 27.612 ! 1.703 8,884 835 1,656 2.333 1,226 3,202 798 415 1,097 1 .638 3,825 Total bought outright 2 1 211,941 13,072 68,189 6,413 12.712 17,909 9,412 24,577 6,121 3,186 8,417 12 ,573 29,360 Held under repurchase agreements 1 — — — — — — — — — — — — — TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 211,941 13,072 68,189 6.413 12,712 17.909 9.412 24,577 6,121 3,186 8,417 12 ,573 29,360 TToottaall llooaannss aanndd sseeccuurrllttiiooss 221,505 13,561 71,110 6.737 13,175 18.567 10,045 25,508 6,434 3,498 8,817 13 ,379 30,674 IItteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn 7,264 578 1,102 228 232 244 635 639 391 334 1,060 456 1,365 BBaannkk pprreemmiisseess 688 92 32 46 32 106 53 64 20 23 47 20 153 OOtthheerr aasssseettss 33 16,025 544 3,437 524 780 842 965 4,482 388 347 537 954 2.225 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- - 819 + 7.246 - 834 209 - 1.595 - 1,040 + 1.702 + 9 + 176 340 338 - 3.958 TOTAL ASSETS 262,024 14,998 87,609 7,265 15,016 19,626 11,515 34,467 7,781 4,625 10,937 15 ,486 32,699 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 1,788 million was outstanding at the end of the latest statement week. 2 Net of $ 2,356 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S 2,028million 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 $ 92 million in Treasury Bills maturing within 90 days. *Estimated Data (New York, Philadelphia, Atlanta, Chicago Districts). 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 30, 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 199,679 12,468 66,483 5,495 12,573 15,913 7,201 28,285 6,123 3,002 7,995 11,752 22,389 Deposits: Depository institutions 38,690 1,824 8,729 988 1,796 2,846 3,169 4,704 1,121 1,077 1,628 2,803 8,005 U.S. Treasury—general account 9,120 9,120 Foreign-of ficiat accounts 456 342 7 9 8 14 20 5 5 6 13 22 Other 419 261 J_ _1_ 30 2 108 1 8 2 4_ Total deposits 48,685 1,830 18,452 996 1,806 2,884 3,185 4,832 1,127 1,082 1,642 2,818 8,031 Deferred credit items 6,992 402 747 503 256 388 657 516 341 376 1,032 415 1,359 Other liabilities and accrued dividends l 2,389 147 771 72 141 194 III 285 68 40 94 139 327 TOTAL LIABILITIES 257,745 14,847 86,4~53 7,066 14,776 19,379 11,154 33,918 7,659 4,500 10,763 15,124 32,106 CAPITAL ACCOUNTS Capital paid in 2,009 67 532 96 113 112 176 258 58 62 84 170 281 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 397 23 158 17 16 34 17 40 6 2 9 34 41 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 262,024 14,998 87,609 7,265 15.016 19,626 11,515 34,467 7,781 4,625 10,937 15,486 32,699 FEDERAL RESERVE AGENTS' j ACCOUNTS F. R. notes outstanding 252,932 15,554 111444,,,777777666 999,,,333555777 111555,,,111222444 222111,,,333888777 111333,,,222999000 333111,,,888444777 888,,,444222444 333,,,999111555 111111,,,111777666 111555,,,555111888 32,564 Less-Held by F.R. Banks 53,253 3,086 888,,,222999333 333,,,888666222 222,,,555555111 555,,,444777444 666,,,000888999 333,,,555666222 222,,,333000111 999111333 333,,,111888111 333,,,777666666 10,175 F.R. notes, net 199,679 1122,,446688 666666,,,444888333 555,,,444999555 111222,,,555777333 111555,,,999111333 777,,,222000111 222888,,,222888555 666,,,111222333 333,,,000000222 777,,,999999555 111111,,,777555222 22,389 Collateral held against F.R. notes: Gold certificate account 11,075 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 183,586 Total collateral 199,679 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (New York, Philadelphia, Atlanta and Chicago Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis