H.4.1 Factors Affecting Reserve Balances of Depository Institutions

>5^=§&;. FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when "••fSsrKs??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 15 . 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 II Change from week ended '' Wedn""e sday~~ ~~—— Oct. 7,. 1987 Oct. 15. 198( Oct. 14. 1987 Reserve Bank credit: <•* I 236,567 j 1*341 + 22*797 239.536 U.S. government securities- Bought outright—system account 210*880 - 1*029 + 23*203 212.094 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 7.623 — - 365 7.623 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions . 902 - 291 + 249 929 Includes: seasonal borrowing of 179 - 25 + 98 167 extended credit of 557 + 89 + 62 553 Float 734 - 143 - 27 2,138 Other F.R. assets 16*428 4- 123 - 262 16,752 Gold stock 11*086 + 7 + 2 11,086 Special Drawing Rights certificate account 5.018 — — 5,018 Treasury currency outstanding 18*022 4_ 14 4 567 18,034 Total factors supplying reserve funds 270,693 - 1,320 «f 23.366 273,674 Currency in circulation* 218.976 + 1,547 • 15*936 219,539 Treasury cash holdings* 461 + 2 - 32 461 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,281 «~ 2,060 + 580 3,745 Foreign 208 ~ 79 - 9 200 Service-related balances and adjustments' 1,943 • 127 + 4 1,714 Other ! 350 - 97 • 226 348 Other F.R. liabilities and capital 7.034 +_ 63 + 732 6.884 Total factors, other than reserve balances, absorbing reserve funds 232,253 - 750 + 16.985 232,891 Reserve balances with F.R. Banks * 38*441 1 569 + 6.382 40,783 On October H, 1987 marketable U.S. government securities held In custody by the Federal Reserve Banks for foreign official # and International accounts were $ 189*376 million, an increase of $ 1*939 million for the week. 1 Net of $ 3*443 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,443 million was with foreign official and International accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2*230 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2*230 million was with foreign official and international accounts. Includes $ 1*631 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1*714 million and adjustments of $ 229 mifeffon to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Eatimated (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 RANKS Millions of dollars _ __ Change since ** WWeeddnneessddaayy Wednesday Wednesday October 14, 1987 October 7, 1987 October 15. 1986 ASSETS Gold certificate account 11,086 + 1 + 2 Special Drawing Rights certificate account 5,018 — — Coin 456 + 2 - 72 Loans 929 - 453 + 291 Acceptances- __ — — Held under repurchase agreements Federal agency obligations— Bought outright 7,623 — - 365 Held under repurchase agreements1 — — — U.S. government securities: Bought outright—Bills 105,938 + 1,152 + 9,323 Notes 78,544 — •f 11,947 Bonds 27,612 — + 1,836 Total bought outright^ 212,094 + 1,152 + 23,106 Held under repurchase agreements1 — — — Total U.S. government securities 212,094 ++ 1,152 ++ 23,106 Total loans and securities 220,646 + 699 + 23,032 Cash Items in process of collection (1,584] 11,716 + 3,958 - 362 Bank premises 696 + 3 + 49 Other assets 3 16,056 + 65 + 128 TOTAL ASSETS (1,584] 265,674 + 4,728 + 22,777 LIABILITIES Federal Reserve notes 202,422 + 1,333 + 15,452 Deposits: Depository institutions 42,497 - 546 + 6,839 U.S. Treasury—general account 3,745 + 929 + 640 Foreign—official accounts 200 - 20 - 40 Other 348 - 24 - 277 Total deposits 46,790 + 339 + 7,162 Deferred availability cash items (1,584] ) 9,578 + 3,120 - 583 Other liabilities and accrued dividends4 2,540 ^ 86 + 395 TOTAL LIABILITIES d.584] 1 261,330 + 4,706 + 22,426 CAPITAL ACCOUNTS Capital paid in 2,012 + 3 + 164 Surplus 1,873 — + 93 Other capital accounts 459 + 19 + 94 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 $ 2,371 million was outstanding at the end of the latest statement week. Net of * 2,230 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes I 1,631 million securities loaned—fully secured by U.S. government securities. Includes assets denominated In foreign currencies, revalued monthly at market exchange rates. Includes apecial investment-account at Chicago of S 85 million in Treasury bills maturing within 00 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 14, 1987 Acceptances and securities held under repurchase agreements are ciassified 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 (Weekly changes Within 15 days 836 — 10,594 + 2,733 101 44 16 days to 00 days 93 — 50,961 - 1,583 746 5 01 days to 1 year — — 68,456 + 2 1,476 35 Over 1 year to 5 years — — 42,435 — 3,673 + 58 Over 5 years to 10 years — — 14,819 — 1,396 + 25 Over 10 years ^^55 2244,,882299 — 223311 + 1 Total 992299 221122,,009944 ++ 1.152 7777662233 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 {bl STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 1 14, 1987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,086 706 3,185 385 664 933 596 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 456 24 20 20 30 67 58 34 28 13 37 38 87 Loans 929 1 157 4 4 5 96 12 76 38 79 451 6 Acceptances held under repurchase agreements — — — — — — — — — — ~- ... _ Federal agency obiigattons: 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 105,938 6,534 34,084 3,206 6,354 8,952 4,705 12,285 3,059 1,592 4,207 6,285 14,675 Notes 78,544 4,845 25,270 2,377 4,711 6,637 3,488 9,108 2,268 1,181 3,119 4,659 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 2 212,094 ' 13,082 68,238 6,418 12,721 17,922 9,419 24,595 6,125 3,188 8,423 12.582 29,381 Held under repurchase agreements 1 1 — ~ — — — — — — — — — — Total U.S. government securities 212,094 13,082 68,238 6,418 12,721 17,922 9,419 24,595 6.125 3,188 8,423 12.582 297381"~ Total loans and securities 220,646 13,553 70,848 6,653 13,182 18,571 9,853 25,491 6.421 3,341 8,805 13,485 30,443 Items in process o! collection 13,300 649 1,557 716 625 614 1,448 1,247 677 698 1,725 1.016 2,328 Bank premises 696 92 33 46 32 107 56 66 20 23 47 20 154 Other assets 3 16.056 570 3,503 539 779 931 983 4,523 396 354 555 1.011 1,912 Interdistrict settlement account -0- • 606 + 7,802 - 390 - 230 - 1,877 - 457 - 135 - 147 - 183 729 - 1,160 - 3,100 TOTAL ASSETS 267,258 16,514 88.437 8,131 15,396 19,807 12,740 33,265 7,906 4,481 11,218 15,386 33,977 1 Does not include U.S. government snd federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $2,371 million was outstanding at the end of the latest statement week. 2 Net of $ 2,230 million matched saieiHirchase transactions outstanding at the end of the latest statement week. Includes $1,631 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly $t 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 October 14, 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 202,422 12,845 66,895 5,595 13,009 16,108 7,409 28,592 6.183 3.045 8,189 11,855 22,697 Deposits: Depository institutions 42,497 2,809 14,259 1,678 1,511 2,565 3,866 2,780 922 634 1.061 2,287 8,125 U.S. Treasury-general account 3,745 3,745 Foreign-official accounts 200 5 86 7 9 8 14 20 5 5 6 13 22 Other 348 199 1 40 2 97 1 1 3 4 Total deposits 46,790 2,814 18,289 1,686 1,520 2,613 3,882 2,897 928 639 1,068 2,303 8,151 Deferred credit Items 11,162 545 1,273 571 473 627 966 918 601 628 1,676 719 2,165 Other liabilities and accrued dividends1 2,540 157 810 78 150 208 117 301 69 41 107 148 354 TOTAL LIABILITIES 262,914 16,361 87,267 7,930 15,152 19,556 12,374 32,708 7.781 4,353 11,040 15,025 33,367 CAPITAL ACCOUNTS Capital paid in 2,012 67 533 96 113 112 176 259 58 62 83 171 282 Surplus 1.873 61 466 86 HI 101 168 251 58 61 81 158 271 Other capital accounts 459 25 171 19 20 38 22 47 9 5 14 32 57 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 267,258 16,514 88,437 8,131 15,396 19,807 12,740 33,265 7,906 4,481 11,218 15,386 33,977 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding ! 253,417 15,635 75,017 9,393 15,319 21,520 13,189 31,855 8.484 3,949 11,200 15,453 32,403 Less-Held by F.R.Banks 50.995 2,790 8,122 3,798 2,310 5,412 5,780 3,263 2.301 904 3,011 3,598 9,706 F.R. notes, net 202.422 1122,,884455 6666,,889955 55,,559955 1133,,000099 1166,,110088 77,,440099 2288..559922 66..118833 33,,004455 88,,118899 1111,,885555 22,697 Collateral held against F.R. notes: Gold certificate account 1 11.086 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 186,318 Total collateral 202,422 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