H.4.1 Factors Affecting Reserve Balances of Depository Institutions

:<ssy§&;. FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ML RE 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 22, 19«7 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 OOcctt.. 2211,, 119988^^ Oct. 14 , 1987 Oct. 22, 1986 Oct. 21, 1987 Reserve Bank credit: 12 242,464 + 5,897 + 26,372 243,453 U.S. government securities- Bought outright—system account 210,168 - 712 + 21,563 210,208 Held under repurchase agreements 4,891 + 4,891 + 3,779 3,596 Federal agency obligations- Bought outright 7,607 - 16 366 7,567 Held under repurchase agreements 1,253 + 1,253 + 1,009 1,139 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,111 + 209 + 223 3,160 Includes: seasonal borrowing of 186 + 7 + 91 188 extended credit of 407 - 150 73 436 Float 906 + 172 + 278 1,134 Other F.R. assets 16,528 + 100 114 16,649 Gold stock 11,086 — + 2 11,085 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,036 + 14 -1- 573 18,048 Total factors supplying reserve funds 276,603 + 5,910 + 26,946 277,604 Currency in circulation* 219,090 + 128 + 16,345 219,054 Treasury cash holdings* 472 - 3 21 472 Deposits, other than reserve balances, with F.R. Banks: Treasury 12,191 + 8,910 + 8,639 14,323 Foreign 251 + 43 + 41 221 Service-related balances and adjustments3 1,926 - 17 — 1,713 Other 385 + 35 90 309 Other F.R. liabilities and capital 7,342 -I- 308 -I- 1,053 7,076 Total factors, other than reserve balances, absorbing reserve funds 241,659 + 9,406 + 25,969 243,168 Reserve balances with F.R. Banks4 34,944 - 3,497 + 977 34,436 On October 21, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 188,315 million, a decrease of $ 1,061 million for the week. 1 Net of $ 4,393 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $4,393 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,366 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,366 million was with foreign official and international accounts. Includes $ 994 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,713 million and adjustments of $ 213 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 AIL FEDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday OOccttoobbeerr 2211,, 11998877 October 14. 1987 Or.tnher 22. 1 Qftf. __ ASSETS Gold certificate account 11,085 _ 1 + 1 Special Drawing Rights certificate account 5,018 Coin 465 + 9 - 41 Loans 3,160 + 2,231 + 899 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,567 - 56 - 387 Hekj under repurchase agreements 1 1,139 + 1,139 + 216 U.S. government securities: Bought outright—Bills 103,752 - 2,186 + 8,070 Notes 78,844 + 300 + 12,247 BBoonnddss 27,612 — + 1,836 TToottaall bboouugghhtt oouuttrriigghhtt22 210,208 - 1,886 + 22,153 Held under repurchase agreements1 3,596 + 3,596 _ 1,479 Total U.S. government securities 213,804 + 1,710 + 20,674 Total loans and securities 225,670 + 5,024 + 21,402 Cash items in process of collection (1,320) 7,777 3,939 + 1,052 Bank premises 696 + 48 Other assets 3 15,953 — 103 366 TOTAL ASSETS (1,320) 266,664 + 990 + 22,096 LIABILITIES Federal Reserve notes 201,943 _ 479 + 16,019 Deposits: Depository institutions 36,149 6,348 6,303 U.S. Treasury—general account 14,323 + 10,578 + 10,974 Foreign—official accounts 221 + 21 + 15 Other 309 - 39 130 Total deposits 51,002 + 4,212 + 4,556 Deferred availability cash items (1,320) 6,643 _ 2,935 + 657 Other liabilities and accrued dividends4 2,725 + 185 + 549 TOTAL LIABILITIES (1,320) 262,313 + 983 + 21,781 CAPITAL ACCOUNTS Capital paid in 2,015 + 3 + 162 Surplus 1,873 + 93 Other capital accounts 463 + 4 + 60 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 $ 4,366 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 994 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $ 84 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, October 21, 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 Loans Acceptances Holdings [Weekly changes Holdings [Weekly changes Within 15 days 3,122 13,269 2,675 1,324 1,223 16 days to 90 days 38 49,702 1,259 606 140 91 days to 1 year 68,727 + 271 1,546 70 Over 1 year to 5 years 42,513 + 78 3,603 70 Over 5 years to 10 years 14,764 55 1,411 15 Over 10 years 24,829 216 12 Total 3,160 213,804 1,710 8,706 1,083 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 October 21, 1987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Gold certificate a A c S c S o E u T nt S 11,085 706 3,184 385 664 933 596 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 465 25 21 20 32 67 56 36 30 13 36 36 93 Loans 3,160 12 2,421 7 3 3 113 12 80 42 97 319 51 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7,567 467 2,435 229 454 639 336 878 218 114 300 449 1,048 Held under repurchase agreements 1 1,139 1,139 U.S. government securities: Bought outright-Bills 103,752 6,399 33,381 3,139 6.223 8,767 4,608 12,032 2,996 1,559 4,120 6,155 14,373 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 27,612 1,703 8,883 836 1,656 2,333 1,226 3,202 798 415 1,097 1,638 3,825 Total bought outright 2 210,208 12,965 67,631 6,361 12,608 17,762 9,336 24,377 6,071 3,159 8,348 12,470 29,120 Held under repurchase agreements 1 3,596 — 3,596 — — — — — — — — — — Total U.S. government securities 213,804 12,965 71,227 6,361 12,608 17,762 9,336 24,377 6,071 3,159 8,348 12,470 29,120 Total loans and securities 225,670 13,444 77,222 6,597 13,065 18,404 9,785 25,267 6,369 3,315 8,745 13,238 30,219 Items in process of collection 9,097 515 1,089 482 345 600 771 730 601 449 1,215 726 1,574 Bank premises 696 93 33 46 32 107 55 66 20 23 47 20 154 Other assets 3 15,953 572 3,643 536 783 844 1,025 4,392 399 354 549 976 1,880 Interdistrict settlement account -0- - 118 + 6,382 - 459 323 - 2,392 + 437 + 617 - 295 + 13 615 - 510 - 2,737 TOTAL ASSETS 267,984 15,551 93,063 7,769 14,912 19,024 12,928 33,147 7,635 4,402 10,755 15,462 33,336 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 $ 4,366 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 994 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 $ 84 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 21, 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 LIABILITIES Federal Reserve notes 201,943 12,679 66,767 5,517 12,876 15,946 7,721 28,344 6,029 3,053 8,169 11,853 22,989 Deposits: Depository institutions 36.149 2,134 8,598 1,553 1,351 2,137 4,074 3,230 888 757 1,121 2,470 7,836 U.S. Treasury—general account 14,323 14,323 Foreign-official accounts 221 5 107 7 9 8 14 20 5 5 6 13 22 Other 309 1 174 1 25 1 98 1 1 2 3 2 Total deposits 51,002 2,140 23,202 1,561 1,360 2,170 4,089 3,348 894 763 1,129 2,486 7,860 Deferred credit items 7,963 423 870 413 284 453 639 604 518 418 1,182 618 1,541 Other liabilities and accrued dividends ^ 2,725 154 1,047 76 148 203 114 294 69 40 97 145 338 TTOOTTAALL LLIIAABBIILLIITTIIEESS 263,633 15,396 91,886 7,567 14,668 18,772 12,563 32,590 7,510 4,274 10,577 15,102 32,728 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 2,015 68 533 97 113 112 176 259 58 62 84 170 283 SSuurrpplluuss 1.873 61 466 86 111 101 168 251 58 61 81 158 271 OOtthheerr ccaappiittaall aaccccoouunnttss 463 26 178 19 20 39 21 47 9 5 13 32 54 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 267,984 15,551 93,063 7,769 14,912 19,024 12,928 33,147 7,635 4,402 10,755 15,462 33,336 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 253,470 15,606 74.819. 9,347 15,248 21,344 13,483 31,783 8,478 4,012 11,156 15,454 32,740 Less-Held by F.R. Banks 51,527 2,927 8,052 3,830 2,372 5,398 5,762 3,439 2,449 959 2,987 3,601 9,751 F.R. notes, net 201,943 1122,,667799 6666,,776677 55,,551177 1122,,887766 1155,,994466 77,,772211 2288,,334444 66,,002299 33,,005533 88,,116699 1111,,885533 22,989 Collateral held against F.R. notes: Gold certificate account 11,085 Special Drawing Rights certif. ace 5.018 Other eligible assets -0- U.S. govt, and agency securities 185,840 Total collateral 201,943 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