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 f*AU*&-.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 13, 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 Change from week ended Wednesday NNoovv.. 1111,, 11998877 Nov. 4 , 1987 (Nov. 12, 1986 Nov. 11, 1987 Reserve Bank credit:1- * 239,685 - 2,043 + 20,843 240,416 U.S. government securities- Bought outright—system account 212,218 + 2,067 | + 20,050 211,163 Meld under repurchase agreements 1,345 - 3,038 + 1,345 2,670 Federal agency obligations- Bought outright 7,567 — 333 7,567 Held under repurchase agreements 401 - 1,240 + 401 788 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 516 - 87 2 473 Includes: seasonal borrowing of 122 - 28 + 55 155 extended credit of 351 + 2 63 313 Float 580 + 216 584 611 Other F.R. assets 17,057 + 37 35 17,144 Gold stock 11,084 - 1 + 21 11,084 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,076 + 16 + 588 18,086 Total factors supplying reserve funds 273,863 - 2,028 + 21,452 274,604 Currency in circulation* 222,243 + 2,002 + 17,571 223,119 Treasury cash holdings* 474 + 6 + 11 474 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,958 - 3,409 + 228 3,260 Foreign 316 ; + 46 + 77 198 Service-related balances and adjustments 3 1,948 ! _ 124 22 1,738 Other 328 \ - 108 217 325 Other F.R. liabilities and capital 7,586 - 96 + 1,185 7,755 Total factors, other than reserve balances, absorbing reserve funds 236,852 - 1,684 + 18,832 236,869 Reserve balances with F.R. Banks4 37,011 - 344 + 2,619 37,735 On November 11, 1987, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 188,770 million, an increase of $ 523 million for the week. 1 Net of $ 3,717 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,717 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,883 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,883million was with foreign official and international accounts. Includes $ 896 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,738 million and adjustments of $ 210 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 ALL FEDERAL RESERVE BANKS Millions of dollars Change since •• WWeeddnneessddaayy Wedne sday Wednesday November 11, 1987 November 4, 1987 November 12, 1986 ASSETS Gold certificate account 11,084 - 1 — Special Drawing Rights certificate account 5,018 — — Coin 449 - 7 - 57 Loans 473 - 100 - 99 Acceptances- Held under repurchase agreements Federal agency obligations— Bought outright 7,567 - 262 Held under repurchase agreements'! 788 + 788 + 788 U.S. government securities: Bought outright—Bills 104,362 + 484 + 3,894 Notes 79,189 + 195 + 12,592 Bonds 27,612 — + 1,836 Total bought outright2 211,163 + ~T79 + 18,322 Held under repurchase agreements 1 2,670 + 2,670 + 2,670 Total U.S. government securities 213,833 + 3,349 + 20,992 Total loans and securities 222,661 + 77W + 21,419 Cash items in process of collection (1,447' ) 8,028 + 691 + 901 Bank premises 698 + 50 Other assets 3 16,446 + 249 - 89 TOTAL ASSETS (1,447] ) 264,384 + 4,969 + 22,224 LIABILITIES Federal Reserve notes 205,956 + 1,872 + 16,962 Deposits: Depository institutions 39,473 + 1,938 + 1,939 U.S. Treasury—general account 3,260 + 111 - 67 Foreign—official accounts 198 - 99 - 36 Other 325 - 3 - 199 Total deposits 43,256 + 1,947 + 1,637 Deferred availability cash items (1,447: ) 7,417 + 674 + 2,132 Other liabilities and accrued dividends4 2,792 + 193 + 547 TOTAL LIABILITIES (1,447: ) 259,421 + 4,686 + 21,278 CAPITAL ACCOUNTS Capital paid in 2,023 + 2 + 163 Surplus 1,873 — + 92 Other capital accounts 1,067 + 281 + 691 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 Iforelgn official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 4,883 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 896 million securities loaned—fully secured by U.S. government securities. 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. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 11, 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 Weekly changes Within 15 days 423 9,591 436 895 + 895 16 days to 90 days 50 — 51,502 + 3,804 794 - 108 91 days to 1 year — — 69,995 19 1,583 + 114 Over 1 year to 5 years — — 43,152 — 3,460 - 114 Over 5 years to 10 years — — 14,764 — 1,407 — Over 10 years ^^55 2244,,882299 — 221166 ++ 1 Total 447733 221133,,883333 + 3,349 88,,335555 ++ 788 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 November 11, 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 11,084 706 3,183 385 664 933 596 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 449 25 17 25 31 65 50 38 29 13 35 35 86 Loans 473 2 1 2 1 3 14 7 61 13 70 279 20 Acceptances held under repurchase 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 1 788 — 788 — — — — — — — — — — U.S. government securities: Bought outright-Bills 104,362 6,437 33,577 3,158 6,259 8,819 4,635 12,102 3,014 1,569 4,144 6,191 14,457 Notes 79,189 4,884 25,478 2,396 4,750 6,691 3,517 9,183 2,287 1,190 3,145 4,698 10,970 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 2 211,163 13,024 67,939 6,390 12,665 17,843 9,378 24,487 6,098 3,174 8,386 12,527 29,252 He»d under repurchase agreements 1 2,670 — 2,670 — — — — — — — — — — Total U.S. government securities 213,833 13,024 70,609 6,390 12,665 17,843 9,378 24,487 6,098 3,174 8,386 12,527 29,252 Total loans and securities 222,661 13,493 73,833 6,621 13,120 18,485 9,728 25,371 6,377 3,301 8,757 13,255 30,320 Items in process of collection 9,475 579 1,147 562 413 721 855 852 577 485 1,514 608 1,162 Bank premises 698 93 33 46 32 108 55 67 20 23 47 20 154 Other assets 3 16,446 596 3,829 550 806 882 1,043 4,456 419 361 566 1,011 1,927 Interdistrict settlement account -0- + 30 + 1,579 80 + 23 - 1,101 + 1,292 + 1,196 + 44 - 38 575 356 - 2,014 TOTAL ASSETS 265,831 15,836 85,110 8,271 15,403 20,554 13,822 34,019 7,977 4,380 11,122 15,549 33,788 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 4,883 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 896 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 November 11, 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 205,956 12,655 67,832 5,572 13,155 16,418 8,396 28,909 6,184 3,127 8,214 12,086 23,408 Deposits: Depository institutions 39,473 2,347 10,106 1,942 1,454 2,956 4,174 3,137 1,086 586 1,109 2,347 8,229 U.S. Treasury—general account 3,260 — 3,260 — — — — — — — — — — Foreign-official accounts 198 5 84 7 9 8 14 20 5 5 6 13 22 Other 325 1 176 1 — 35 2 104 1 1 — 2 2 Total deposits 43,256 2,353 13,626 1,950 1,463 2,999 4,190 3,261 1,092 592 1,115 2,362 8,253 Deferred credit items 8,864 490 1,242 446 354 637 707 908 486 478 1,484 549 1,083 Other liab lities and accrued dividends 1 2,792 156 1,064 78 152 208 121 304 72 40 104 148 34.r TOTAL LIABILITIES 260,868 15,654 83,764 8,046 15,124 20,262 13,414 33,382 7,834 4,237 10,917 15,145 33,089 CAPITAL ACCOUNTS Capital paid in 2,023 68 536 97 113 113 178 259 58 62 85 170 284 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 1,067 53 344 42 55 78 62 127 27 20 39 76 144 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 265,831 15,836 85,110 8,271 15,403 20,554 13,822 34,019 7,977 4,380 11,122 15,549 33,788 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 254,111 15,609 75,399 9,236 15,478 21,378 13,441 31,734 8,407 4,018 11,066 15,735 32,610 Less-Held by F.R. Banks 48,155 2,954 7,567 3,664 2,323 4,960 5,045 2,825 2,223 891 2,852 3,649 9,202 F.R. notes, net 205,956 12,655 67,832 5,572 13,155 16,418 8,396 28,909 6,184 3,127 8,214 12,086 23,408 Collateral held against F.R. notes: Gold certificate account 11,084 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 189,854 Total collateral 205,956 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