H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Voj&§g& FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when f^TRES?: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 29, 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 OOcctt.. 2288,, 11998877 Oct. 21, 1987 Oct. 29, 1986 ! Oct. 28, 1987 Reserve Bank credit: v* 248,609 + 6,165 + 34,758 | 2517276 U.S. government securities- Bought outright—system account 210,726 + 558 + 22,643 211,453 Held under repurchase agreements 9,471 + 4,580 + 9,471 8,254 Federal agency obligations- Bought outright 7,567 - 40 - 387 7,568 Held under repurchase agreements 2,598 + 1,345 + 2,598 4,078 Acceptances- Bought outright — — ~"~" "~~• Held under repurchase agreements — — — ~~" Loans to depository institutions 751 - 360 + 36 753 Includes: seasonal borrowing of 187 + 1 + 83 176 extended credit of 431 + 24 - 102 496 Float 608 - 271 + 266 2,031 Other F.R. assets 16,888 + 353 + 131 17,139 Gold stock 11,086 — + 19 11,085 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,050 + 14 +__ 579 18,062 Total factors supplying reserve funds 282,762 + 6,179 + 35,355 285,441 218,982 - 110088 + 1177,,005533 219,431 Currency in circulation* 33 66 468 Treasury cash holdings* 469 Deposits, other than reserve balances, with F.R. Banks: 13,822 + 1,631 + 10,490 14,324 Treasury 298 + 47 + 67 301 Foreign Service-related balances and adjustments 3 1,961 + 35 + 54 1,733 Other 391 + 6 62 371 Other F R liabilities and caoital 7,365 + 23 +_ 1,099 7,167 Wlllwl 1 .It. HBUIIIllw^ 01IU WCI|*liai Total factors, other than reserve balances, absorbing reserve funds 243,289 + 1,630 + 28,696 243,795 Reserve balances with F.R. Banks4 39,473 + 4,549 + 6,658 41,646 On October 28, 1987 . marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 188,056 million, a decrease of $ 159 million for the week. 1 Net of $ 4,084 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,084 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,406 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,046million was with foreign official and international accounts. Includes $ 1,373 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,733 million and adjustments of $ 228 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 C<SNQffiON OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since •• WWeeddnneessddaayy Wednesday Wednesday October 28, 1987 October 21. 1987 October 29. 1986 ASSETS Gold certificate account 11,085 — + 1 Special Orawing Rights certificate account 5,018 — — Coin 455 - 10 - 52 Loans 753 - 2,407 - 54 Acceptances- Held under repurchase agreements .. _ __ Federal agency obligations- Bought outright 7,568 + 1 - 386 Held under repurchase agreements 1 4,078 + 2,939 + 4,078 U.S. government securities: Bought outright—Bills 104,998 + 1,246 + 9,069 Notes 78,844 — + 12,247 Bonds 27,611 - 1 + 1,835 Total bought outright? 211,453 + 1,245 + 23,151 Held under repurchase agreements * 8,254 + 4,658 + 8,254 Total U.S. government securities 219,707 + 5,903 + 31,405 Total loans and securities 232,106 + 6,436 + 35,043 Cash items in process of collection (1,282] 7,870 + 93 + 1,779 Bank premises 694 — 2 + 45 Other assets 3 16,445 + 492 + 27 TOTAL ASSETS (1,282] 273,673 + 7,009 + 36,843 LIABILITIES Federal Reserve notes 202,292 + 349 + 16,539 Deposits: Depository institutions 43,379 + 7,230 + 8,244 U.S. Treasury—general account 14,324 + 1 + 10,730 Foreign—official accounts 301 + 80 + 63 Other 371 + 62 84 -• Total deposits 58,375 + 7,373 + 18,953 Deferred availability cash items (1,282] 1 5,839 - 804 + 265 Other liabilities and accrued dividends4 2,807 + 82 + 740 TOTAL LIABILITIES (1,282] ) 269,313 + 7,000 + 36,497 CAPITAL ACCOUNTS Capital paid in 2,017 + 2 + 164 Surplus 1,873 — + 92 Other capital accounts 470 + 7 + 90 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 S -0- million was outstanding at the end of the latest statement week. Net of $ 3,406 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes S 1,373 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 $ 88 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 28, 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 jWeekly changes Within 15 days 715 —. 19,528 + 6,259 4,218 + 2,894 16 days to 90 days 38 — 51,179 + 1,477 757 + 151 91 days to 1 year — — 66,894 - 1,833 1,474 - 72 Over 1 year to 5 years — — 42,513 >.— 3,574 - 29 Over 5 years to 10 years — — 14,764 — 1,407 - 4 Over 10 years EE 2244,,882299 «-- 221166 — Total 775533 221199,,770077 ++ 5,903 1111,,664466 ++ 2,940 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 28, 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 11,085 706 3,184 385 664 933 596 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 455 25 19 23 32 67 55 39 29 13 35 36 82 Loans 753 11 14 9 1 6 110 17 69 35 95 377 9 Acceptances held under repurchase agreements — — — — — — —— "*"• Federal agency obligations: Bought outright 7,568 467 2,435 229 454 639 336 878 219 114 300 .449 1,048 Held under repurchase agreements 1 4,078 — 4,078 — — — — — — — — — — U.S. government securities: Bought outright—Bills 104,998 6,476 33,782 3.177 6,298 8,872 4,663 12,176 3,032 1,578 4,170 6,229 14,545 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 3,202 798 415 1,096 1,638 3,825 Total bought outright 2 211,453 13,042 68,032 6,399 12,683 17,867 9,391 24,521 6,107 3,178 8,397 12,544 29,292 Held under repurchase agreements 1 8,254 — 8,254 — — — — — — — — — — Total U.S. government securities 219,707 13,042 76,286 6,399 12,683 17,867 9,391 24,521 6,107 3,178 8,397 12,544 29,292 Total loans and securities 232,106 13,520 82,813 6,637 13,138 18,512 9,837 25,416 6,395 3,327 8,792 13,370 30,349 Items in process of collection 9,152 798 1,062 590 367 572 798 759 497 391 1,038 644 1,636 Bank premises 694 93 33 46 32 106 54 66 20 23 47 20 154 Other assets 3 16,445 581 4,036 542 792 868 992 4,432 418 358 557 987 1,882 Interdistrict settlement account -0- + 41 + 3,816 - 404 130 - 1,290 + 546 -»- 749 - 294 - 48 524 782 - 1,680 TOTAL ASSETS 274,955 16,078 96,452 7,981 15,209 20,229 13,081 33,500 7,576 4,299 10,723 15,251 34,576 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 $ 3,406 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,373 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 $ 88 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 28, 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 202,292 12,565 66,977 5,459 12,941 15,988 7,845 28,303 6,050 3,072 8,148 11,925 23,019 Deposits: Depository institutions 43,379 2,794 11,614 1,633 1,618 3,351 4,113 3,664 996 676 1,307 2,364 9,249 U.S. Treasury-general account 14,324 14,324 Foreign-official accounts 301 5 187 7 9 8 14 20 5 5 6 13 22 Other 371 240 1 1 22 1 98 1 2 3 2 Total deposits 58.375 2,799 26,365 1,641 1,628 3,381 4,128 3,782 1,002 681 1,315 2,380 9,273 Deferred credit items 7,121 407 783 604 250 408 629 566 329 379 985 442 1,339 Other liabilities and accrued dividends 1 2,807 151 1,148 74 146 202 114 291 70 39 97 143 332 TOTAL LIABILITIES 270,595 15,922 95,273 7,778 14,965 19,979 12,716 32,942 7,451 4,171 10,545 14,890 33,963 CAPITAL ACCOUNTS Capital paid in 2,017 68 533 97 113 112 176 259 58 62 84 170 285 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 470 27 180 20 20 37 21 48 9 5 13 33 57 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 274,955 16,078 96,452 7,981 15,209 20,229 13,081 33,500 7,576 4,299 10,723 15,251 34,576 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 253,666 15,616 74,878 9,311 15,351 21,271 13,423 31,793 8,450 3,998 11,112 15,659 32,804 Less-Held by F.R. Banks 51,374 3,051 7,901 3,852 2,410 5,283 5,578 3,490 2,400 926 2,964 3,734 9,785 F.R. notes, net 202,292 1122,,556655 6666,,997777 55,,445599 1122,,994411 1155,,998888 77,,884455 2288,,330033 66,,005500 33,,007722 88,,114488 1111,,992255 23,019 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 186,189 Total collateral 202,292 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