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 November 5, 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 * Or*. 28. 1987 Nov. 5. 1986 Nov. 4, 1987 Reserve Bank credit: 12 241,838 6.771 + 25,632 236,163 U.S. government securities- Bought outright—system account 210,151 - 575 + 20,381 210,484 Held under repurchase agreements 4,383 - 5,088 + 4,383 — Federal agency obligations- Bought outright 7,567 — 387 7,567 Held under repurchase agreements 1,641 - 957 + 1,641 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 603 - 148 479 573 Includes: seasonal borrowing of 150 - 37 + 69 122 extended credit of 349 - 82 70 391 Float 479 - 129 93 596 Other F.R. assets 17,015 + 127 + 188 16,943 Gold stock 11,085 - 1 + 20 11,085 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,060 + _ 14 + 582 18,072 Total factors supplying reserve funds 276,001 - 6,757 + 26,235 270,338 Currency In circulation** 220,241 + 1,263 + 17,459 221,231 Treasury cash holdings** 468 - 1 + 3 468 Deposits, other than reserve balances, with F.R. Banks: Treasury 7,367 - 6,455 + 4,448 3,149 Foreign 270 - 28 + 15 297 Service-related balances and adjustments3 2,072 + 112 + 30 1,733 Other 436 + 45 207 328 Other F.R. liabilities and capital 7,682 +_ 317 + 1,319 7,283 Total factors, other than reserve balances, absorbing reserve funds 238,536 - 4,747 + 23,067 234,489 Reserve balances with F.R. Banks4 37,464 - 2,010 + 3,166 35,848 On November 4, 1987 , marketable U.S. government securities held in oustody by the Federal Reserve Banks for foreign official and international accounts were $ 188,247 million, an increase of $ 91 million for the week. 1 Net of $ 5,290million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,290 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,168 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,168 million was with foreign official and international accounts. Includes $ 752 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,733 million and adjustments of $ 339 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. • Estimated <St- Louis district) •* 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 RANKS Millions of dollars _ _ _ __ Change since •• WWeeddnneeaaddaayy **** Wednesday Wednesday November 4, 1987 October 28, 1987 November 5, 1986 ASSETS Gold certificate account 11,085 — + 1 Special Drawing Rights certificate account 5,018 — — Coin 456 + 1 - 69 Loans 573 - 180 - 2,929 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,567 - 1 - 387 Held under repurchase agreements1 — - 4,078 — U.S. government securities: Bought outright—Bills 103,878 - 1,120 + 5,827 Notes 78,994 + 150 + 12,397 Bonds 27,612 + 1 + 1,836 Total bought outright^ 210,484 - 969 + 20,060 Held under repurchase agreements1 — -- 88,,225544 — Total U.S. government securities 210,484 99,,222233 ++ 20,060 Total loans and securities 218,624 « 13,482 + 16,744 Cash items in process of collection (1.151) 7,337 - 533 + 525 Bank premises 698 + 4 + 49 Other assets 3 16,245 - 200 + 235 TOTAL ASSETS (1,151) 259,463 - 14,210 + 17,485 LIABILITIES Federal Reserve notes 204,084 + 1,792 + 17,282 Deposits: Depository institutions 37,581 - 5,798 - 410 U.S. Treasury—general account 3,149 «- 11,175 - 597 Foreign—official accounts 297 - 4 + 25 Other 328 - 43 - 198 Total deposits 41,355 - 17,020 — 1,180 Deferred availability cash Items (1.151) 6,741 + 902 + 333 Other liabilities and accrued dividends4 2,603 «. 204 + 345 TOTAL LIABILITIES (1.151) 254,783 - 14,530 + 16,780 CAPITAL ACCOUNTS Capital paid in 2,021 + 4 + 163 Surplus 1,873 — + 92 Other capital accounts 786 + 316 + 450 Figures in parentheses are the eliminations made in the consolidating process. 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 $ 5,168 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S 752 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 $ 93 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 (St, Louis District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 4, 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 517 10,027 9,501 -0- 4,218 16 days to 90 days 56 47,698 3,481 902 145 91 days to 1 year 70,014 + 3,120 1,469 5 Over 1 year to 5 years 43,152 + 639 3,574 Over 5 years to 10 years 14,764 1,407 Over 10 years 24,829 215 Total 573 210,484 37123 77567 - 4,079 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 Millions of dollars November 4, 1987 * Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco 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 CCooiinn 456 ! 24 18 25 32 66 54 38 28 13 36 36 86 LLooaannss 573 | 8 1 7 1 3 18 11 61 25 73 359 6 AAcccceeppttaanncceess hheelldd uunnddeerr rreeppuurrcchhaassee agreements — ~ — — — ~ — — — — — — — Federal agency obligations: Bought outright 7,567 467 2,435 229 454 639 336 877 218 114 301 449 1,048 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 103,878 6,407 33,421 3,143 6,231 8,778 4,613 12,046 3,000 1,561 4,125 6,163 14,390 Notes 78,994 4,872 25,415 2,390 4,738 6,675 3,509 9,161 2,281 1,187 3,137 4,686 10,943 Bonds 27.612 1,703 8,884 836 1,656 2,333 1,226 3,202 797 415 1,097 1,638 3,825 Total bought outright 2 210,484 12,982 67,720 6,369 12,625 17,786 9,348 24,409 6,078 3,163 8,359 12,487 29.158 Held under repurchase agreements 1 — — — — — — — __ — — — — — Total U.S. government securities 210,484 12,982 67,720 6,369 12,625 17.786 9,348 24,409 6,078 3,163 8,359 12,487 29,158 Total loans and securities 218,624 13,457 70,156 6,605 13,080 18,428 9,702 25,297 6,357 3,302 8,733 13,295 30,212 Items in process of collection 8,488 442 927 445 436 499 813 865 478 461 1,250 528 1,344 Bank premises 698 93 33 46 32 108 55 67 20 23 47 20 154 Other assets 3 16,245 590 3,637 553 801 876 1,001 4,461 411 365 614 1,005 1,931 Interdistrict settlement account -0- - 284 +3,611 - 382 - 289 -1,937 + 973 +1,244 + 4 + 93 - 663 - 222 -2,148 TOTAL ASSETS 260,614 15,342 83,055 7,839 15,070 19,434 13,397 34,011 7,809 4,492 10,795 15,638 33,732 * Estimated (St. Louis Bistrict) 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 $ 5,168 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 752 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 $ 93 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 November 4, 1987 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis w Minneapolis K C an it s y a s Dallas Fra S n a ci n s co LIABILITIES Federal Reserve notes 204,084 12,618 67,405 5,460 13,068 16,216 8,145 28,665 6,126 3,065 8,167 11,924 23,225 Deposits: Depository institutions 37,581 1,970 9,132 1,695 1,195 2,238 3,986 3,700 1,081 777 1,114 2,665 8,028 U.S. Treasury-general account 3,149 3,149 Foreign-official accounts 297 5 183 7 9 8 14 20 5 5 6 13 22 Other 328 1 172 1 1 38 2 101 1 1 5 2 3 Total deposits 41,355 1,976 12,636 1,703 1,205 2,284 4,002 3,821 1,087 783 1,125 2,680 8,053 Deferred credit items 7,892 425 883 381 383 458 738 620 388 463 1,206 498 1,449 Other liabilities and accrued dividends * 2,603 156 878 78 151 208 116 303 74 42 103 148 346 TOTAL LIABILITIES 255,934 15,175 81,802 7,622 14,807 19,166 13,001 33,409 7,675 4,353 10,601 15,250 33,073 CAPITAL ACCOUNTS Capital paid in 2,021 68 536 97 113 112 176 259 58 62 85 170 285 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 786 38 251 34 39 55 52 92 18 16 28 60 103 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 260,614 15,342 83,055 7,839 15,070 19,434 13,397 34,011 7,809 4,492 10,795 15,638 33,732 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 253,834 15,657 75,051 9,280 15,427 21,208 13,494 31,785 8,430 3,984 11,089 15,686 32,743 Less—Held by F.R. Banks 49,750 3,039 7,646 3,820 2,359 4,992 5,349 3,120 2,304 919 2,922 3,762 9,518 F.R. notes, net 204,084 1122,,661188 6677,,440055 55,,446600 1133,,006688 1166,,221166 88,,114455 2288,,666655 66,,112266 33,,006655 88,,116677 1111,,992244 23.225 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 187,981 Total collateral 204,084 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. •Estimated (St. Louis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis