H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERALRESERVE statistical release H. 4. 1 November 19, 1987 N O T I CE Because of the Thanksgiving holiday on Thursday, November 26, the H.4.1. statistical release "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks" will not be published on that day. It will be published instead on Friday, November 27. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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 19, 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.. 1188,, 11998877 Nov. 11, 198; Nov. 19, 1986 Nov. 18, 1987 Reserve Bank credit: *. * 241,614 + 1,929 + 20,954 237,916 U.S. government securities- Bought outright—system account 214,381 + 2,163 + 22,376 212,810 Held under repurchase agreements 938 407 - 683 190 Federal agency obligations- Bought outright 7,567 — - 262 7,567 Held under repurchase agreements 523 + 122 + 391 380 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 605 + 89 - 498 662 Includes: seasonal borrowing of 128 + 6 + 59 125 extended credit of 317 34 - 142 412 Float 1,572 + 992 + 156 1,525 Other F.R. assets 16,028 - 1,029 - 527 14,782 Gold stock 11,085 + 1 + 20 11,083 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,088 + 12 + 590 18,100 Total factors supplying reserve funds 275,804 + U941 + 21,563 272,117 Currency in circulation** 223,525 + 1,282 + 17,977 223,530 Treasury cash holdings** 474 — + 18 474 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,836 122 + 140 2,921 Foreign 261 55 + 57 194 Service-related balances and adjustments3 2,017 + 72 + 37 1,735 Other 346 + 18 - 164 310 Other F.R. liabilities and capital 7,336 250 +_ 1,014 7,039 Total factors, other than reserve balances, absorbing reserve funds 237,795 -f 946 + 19,079 236,203 Reserve balances with F.R. Banks * 38,009 + 995 + 2,482 35,914 On November 18, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 192,067 million, an increase of $ 3,297 million for the week. 1 Net of $ 4,582 million, dally average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,582 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 6,303 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,303 million was with foreign official and international accounts. Includes $ 931 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,735 million and adjustments of $ 282 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. • Estimated (Philadelphia District) ** Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Worksheet for HAA (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since Wednesday ** Wednesday Wednesday November 18, 1987 November 19. 1986 ASSETS Gold certificate account 11,083 Special Drawing Rights certificate account 5,018 Coin 450 + 1 60 Loans 662 + 189 3,318 Acceptances- Held under repurchase agreements Federal agency obligations- 7,567 — - 262 Bought outright 380 - 408 + 122 Held under repurchase agreements1 U.S. government securities: 105,894 + 1,532 + 7,894 Bought outright—Bills 79,154 . - 35 + 11,028 Notes 27,762 + 150 + 2,038 Bonds 212,810 + 1,647 + 20,960 Total bought outright* 190 - 2,480 - 4,329 Held under repurchase agreements1 213,000 - 833 + 16,631 Total U.S. government securities 221,609 - 1,052 + 13,173 Total loans and securities (1,612) 8,144 + 116 - 1,237 Cash items in process of collection 643 _ 55 - 8 Bank premises 14,139 - 2,307 - 944 Other assets 3 (1,612) 261,086 - 3,298 + 10,923 TOTAL ASSETS LIABILITIES Federal Reserve notes 206,354 398 17,489 Deposits: Depository institutions 37,649 1,824 - 6,376 U.S. Treasury—general account 2,921 339 + 71 Foreign—official accounts 194 4 + 20 Other 310 15 - 176 Total deposits 41,074 2,182 - 6,461 Deferred availability cash items (1,612) 6,619 798 - 921 Other liabilities and accrued dividends4 2,746 46 + 636 TOTAL LIABILITIES (1,612) 256,793 2,628 + 10,743 CAPITAL ACCOUNTS Capital paid in 2,026 3 + 167 Surplus 1,853 20 + 72 Other capital accounts 414 653 - 59 * 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 $ 6,303 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 931 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 $ 79 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 (Philadelphia District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 18, 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 629 ___ 11,289 + 1,698 727 168 16 days to 90 days 33 45,820 - 5,682 579 - 215 91 days to 1 year — — 72,139 + 2,144 1,558 25 Over 1 year to 5 years — — 44,056 + 904 3,460 —. Over 5 years to 10 years — _-. 14,717 47 1,407 — Over 10 years __ __ 24,979 + 150 216 _ _ Total 662 — 213,000 833 7,947 - 408 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 18, 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 11,083 706 3,182 385 664 933 596 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 A 50 27 17 25 32 63 51 37 28 13 35 35 87 Loans 662 13 11 15 6 32 10 12 69 15 88 385 6 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 7,567 467 2,435 229 454 639 336 877 218 114 :oi 449 1,048 Held under repurchase agreements 1 380 — 380 — — — — — — — — — — U.S. government securities: Bought outright-Bills 105,894 6,531 34,070 3,205 6,351 8,948 4,703 12,280 3,058 1,592 4,20$ 6,282 14,669 Notes 79,154 4,882 25,467 2,395 4,748 6,688 3,515 9,179 2,286 1,190 3,143 4,696 10,965 Bonds 27,762 1,713 8,931 840 1,665 2,346 1.233 3,219 802 417 1.103 1.647 3.846 Total bought outright 2 212,810 13,126 68,468 6,440 12,764 17,982 9,451 24,678 6,146 3,199 8,451 12,625 29,480 Held under repurchase agreements 1 190 — 190 — — — — — — — — — — Total U.S. government securities 213,000 13,126 68,658 6,440 12,764 17,982 9,451 24,678 6,146 3.199 8.451 12,625 29.480 Total loans and securities 221,609 13,606 71,484 6,684 13,224 18,653 9,797 25,567 6,433 3,328 8,840 13.459 30,534 Items in process of collection 9,756 696 1,293 604 453 551 1,066 744 527 497 1,235 404 1,686 Bank premises 643 93 33 46 32 107 57 67 20 23 47 20 98 Other assets 3 14,139 i 471 3.024 482 680 712 890 4,216 345 330 483 874 1,632 Interdistrict settlement account -0- \- 239 + 1,840 8 + 408 - 1,221 + 1.037 + 1.555 + 241 + 187 - 584 9 - 3.207 TOTAL ASSETS 262,698 15,674 82,362 8,380 15,807 20.259 13,697 34,225 8,105 4,613 10,834 15.759 32,983 * Estimated (Philadelphia District). 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 $ 6,303 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 931 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 $ 79 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 18. 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 206.354 12.604 68,245 5,560 13,126 16,324 8,307 29,020 6,256 3,162 8,226 12,144 23,380 Deposits: Depository institutions 37.649 2.322 7,771 1,815 1,923 3,001 4,170 3,641 1,177 852 1,140 2,664 7,173 U.S. Treasury-general account 2.921 — 2,921 — — — — — — — — — — Foreign-official accounts 194 5 80 7 9 8 14 20 5 5 6 13 22 Other 310 1 181 1 1 18 4 93 — 1 5 3 2 Total deposits 41.074 2,328 10,953 1,823 1,933 3,027 4,188 3,754 1,182 858 1,151 2,680 7,197 Deferred credit items 8.231 433 974 718 355 449 760 586 471 424 1,181 428 1,452 Other liabilities and accrued dividends 1 2.746 156 1,029 78 151 210 116 301 73 42 97 148 345 TOTAL LIABILITIES 258.405 15,521 81,201 8,179 15,565 20,010 13.371 33,661 7,982 4,486 10,655 15,400 32,374 CAPITAL ACCOUNTS Capital paid in 2.026 68 536 97 113 113 178 259 58 62 85 171 286 Surplus 1.853 61 466 86 111 101 148 251 58 61 81 158 271 Other capital accounts 414 24 159 18 18 35 0 54 7 4 13 30 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 262.698 15,674 82,362 8,380 15,807 20,259 13,697 34,225 8,105 4,613 10,834 15,759 32,983 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 254.473 15.557 75,585 9,232 15,519 21,386 13,357 31,912 8,440 4,010 11,071 15,825 32,579 Less-Held by F.R. Banks 48.119 2,953 7,340 3,672 2,393 5,062 5,050 2,892 2,184 848 2,845 3.681 9,199 F.R. notes, net 206,354 12,604 68,245 5,560 13,126 16,324 8,307 29,020 6,256 3,162 8,226 12.144 23,380 Collateral held against F.R. notes: Gold certificate account 11.083 Special Drawing Rights cert if. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 190,253 Total collateral 206.354 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. •Estimated (Philadelphia District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis