H.4.1 Factors Affecting Reserve Balances of Depository Institutions

PS^&A' 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 27, 1987 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items Week ended Change from week ended Wednesday Nov. 25, 1987 Nov. 18, 1987!Nov. 26, 1986 Nov. 25, 1987 Reserve Bank credit: 1 2 239,103 2,535 + 20,132 239,681 U.S. government securities- Bought outright—system account 215,088 707 + 21,629 215,53: Held under repurchase agreements 938 792 Federal agency obligations- Bought outright 7,567 262 7,567 Held under repurchase agreements 523 99 Acceptances— Bought outright Held under repurchase agreements Loans to depository institutions 681 + 76 + 42' 602 Includes: seasonal borrowing of 121 7 + 113 extended credit of A 50 + 133 + 24i 390 Float 697 898 + no! 975 Other F.R. assets 15,070 959 496J 15 ,005 Gold stock 11,083 2 18J 11 ,083 Special Drawing Rights certificate account 5,018 5 ,016 Treasury currency outstanding 18,102 14 5931 18 1 U Total factors supplying reserve funds 273,306 2,522 20,743 273,896 Currency in circulation* 223,646 121 18,175 224,656 Treasury cash holdings* 474 25 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,325 511 | + 851 2,767 Foreign 279 18 I + 53 261 Service-related balances and adjustments 3 1,846 171 ! 198l 1,719 Other 336 10 92 482 Other F.R. liabilities and capital 7,192 144 9H 7,068 Total factors, other than reserve balances, absorbing reserve funds 237,099 696 19,734 237,427 Reserve balances with F.R. Banks' 36,208 1,825 1,010 36,469 I On November 25, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 191,618 million, a decrease of $ 449 million for the week. 1 Net of $ 4,107 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,107 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,751 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,751 million was with foreign official and international accounts. Includes $ ^03 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,719 million and adjustments of $ 127 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for f'oat. * 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 iANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesda y November 25, 1987 November 18, 1987 November 26, 1986 ASSETS Gold certificate account 11,083 — - 1 Special Drawing Rights certificate account 5,018 — Coin 443 - 7 - 65 Loans 602 - 60 + 121 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,567 — - 262 Held under repurchase agreements1 — - 380 - 386 U.S. government securities: Bought outright—Bills 108,497 + 2,603 + 10,720 Notes 79,274 + 120 + 11,148 Bonds 27,761 - 1 + 2,037 Total bought outright 2 215,532 + 2,722 + 23,905 Held under repurchase agreements1 — 119900 1,634 Total U.S. government securities 215,532 ++ 22,,553322 ++ 22,271 Total loans and securities 223,701 + 2,092 + 21,744 Items in process of collection (1,341) 6,571 - 1,573 - 1,247 Bank premises 697 + 54 + 43 Other assets 3 14,308 + 169 - 831 TOTAL ASSETS (1,341) 261,821 + 735 + 19,643 LIABILITIES Federal Reserve notes 207,459 + 1,105 + 17,249 Deposits: Depository institutions 38,188 + 539 + 2,099 U.S. Treasury—general account 2,767 - 154 + 176 Foreign—official accounts 261. + 67 - 76 Other 482 + 172 + 52 Total deposits 41,698 + 624 + 2,251 Deferred credit items (1,341) 5,596 - 1,023 - 831 Other liabilities and accrued dividends4 2,720 - 26 4 646 TOTAL LIABILITIES (1,341) 257,473 + 680 + 19,315 CAPITAL ACCOUNTS Capital paid in 2,032 + 6 + 172 Surplus 1,853 — + 72 Other capital accounts 463 + 49 + 84 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-purchaae transactions to foreign official and international accounts of which $1,703 million was outstanding at the end of the latest statement week. Net of $3,751 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $903 million securities loaned—fully secured by U.S. government securities. Includes assets denominated In foreign currencies, revalued monthly at market exchange ratea. includea special invesitment account at Chicago of $ 73 million In Treasury bills maturing within 90 daya. Includes exchange-translation account reflecting the monthly revaluation at market exchange ratea of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 25, 1987 Acceptances and securities held under repurchase agreementa are claaaifled aa maturing within 15 daya in accordance with maximum maturity of the agreements. U.6. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings (Weekly changes Within 15 days 585 — 13,426 + 2*137 240 - 487 16 days to 90 days 17 — 49,133 + 3,313 619 + 40 91 days to 1 year — -- 69,221 - 2,918 1,668 + 110 Over 1 year to 5 years — — 44,056 — 3,437 - 23 Over 5 years to 10 years — — 14,717 — 1,387 - 20 Ov T e o r t 1 a 0 l years 660022 ^^ 22 22 11 44 55 ,, ,,55 99 33 77 22 99 ++ 2,53 — 2 77,,55 22 66 11 77 66 ««.. 3 — 80 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 25, 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 443 27 17 27 32 59 48 37 28 13 34 34 87 Loans 602 7 14 13 3 7 16 6 55 13 93 358 17 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 I — — — — — — — — — — — — — U.S. government securities: Bought outright-Bills 108,497 6,692 34,907 3,283 6,508 9,168 4,818 12,582 3,133 1,631 4,309 6 ,436 15,030 Notes 79,274 4,890 25,505 2,399 4,755 6,698 3,521 9,193 2,289 1,191 3,148 4 ,703 10,982 Bonds 27,761 1,712 8,932 840 1,665 2,346 1,233 3,219 802 417 1,102 1^, 647 3,846 Total bought outright 2 215,532 13,294 69,344 6,522 12,928 18,212 9,572 24,994 6,224 3,239 8,559 12 ,786 29,858 Held under repurchase agreements * — — — — — — — — — __ — — — • Total U.S. government securities 215,532 13,294 69,344 6,522 12,928 18,212 9,572 24,994 6,224 3,239 8,559 17,7 86 29,85~8~ Total loans and securities 223,701 13,768 71,793 6,764 13,385 18,858 9,924 25,877 6,497 3,366 8,953 13 ,593 30,923 Items in process of collection 7,912 399 1,177 408 369 490 690 608 484 369 1,314 540 1,064 Bank premises 697 92 33 46 32 108 56 67 21 23 47 20 152 Other assets 3 14,308 483 3,058 491 692 725 901 4,242 353 328 488 885 1,662 Interdistrict settlement account -0- - 409 + 3,241 - 271 298 - 1,461 + 1,343 + 1,285 + 120 14 - 585 - 54 7 - 2,404 TOTAL ASSETS 263..162 15,380 83,990 8,012 15,190 20,173 13,761 34,155 8,014 4,320 11,029 FT 501 33,637 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 $ 1,703 million was outstanding at the end of the latest statement week. 2 Net of $ 3,751 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 903 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 $ 73 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1fc) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Novembei r 25, 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 207,459 12,421 68,429 5.568 12,952 16.376 8,671 29.375 6.334 3.111 8,303 12,173 23,746 Deposits: Depository institutions 38,188 2,272 9,311 1,787 1.474 2,915 3,945 3,251 1,063 680 1.197 2,364 7.929 U.S. Treasury-general account 2,767 — 2,767 — — — — -- — ~ — ~ — Foreign—official accounts 261 5 147 7 9 8 14 20 5 5 6 13 22 Other 482 1 358 I I 16 55 9900 1 2 5 2 Total deposits 41,698 2,278 12,583 1,795 1.484 2,939 33..996644 33,,336611 UU006688 686 1,205 2,382 7,953 Deferred credit items 6,937 372 798 369 359 400 669 558 416 355 1,233 437 971 Other liabilities and accrued dividends 1 2,720 153 1,002 77 151 207 111188 330011 7711 4400 110088 114477 345 TOTAL LIABILITIES 258,814 15,224 82,812 7,809 14.946 19,922 1133..442222 3333,,559955 77,,888899 44..119922 1100,,884499 1155,,113399 33,015 CAPITAL ACCOUNTS Capital paid in 2,032 68 537 97 113 113 178 260 58 62 85 171 290 Surplus 1,853 61 466 86 Ml 101 148 251 58 61 81 158 271 Other capital accounts 463 27 175 20 20 3377 1133 4499 99.. 55______ 1144 3333 61 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 263,162 15,380 83,990 8,012 15.190 20,173 13,761 34,155 8,014 4.320 11,029 15,501 33,637 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 254,458 15,416 75,623 9,182 15,398 21,250 13.527 31,965 8,453 4.010 11,088 15,819 32,727 Less-Held by F.R. Banks 46,999 2,995 7,194 3,614 2,446 4,874 4,856 2.590 2,119 899 2,785 3,646 8,981 F.R. notes, net 207,459 12,421 68,429 5,568 12". 952 16,376 8,671 29.375 6,334 3.111 8,303 12,173 23,746" Collateral held against F.R. notes: Gold certificate account 11,083 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 191,358 Total collateral 207,459 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