H.4.1 Factors Affecting Reserve Balances of Depository Institutions

y^S^: FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ••fSfl!^ 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 December 3, 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 '' ~~W~~~~ed~~n~~e sday ~~ JJTTWW.. 77 rr 11QQ8877 i Nov. 25. 198: 1 Dec. 3, 1986 Dec. 2, 1987 Reserve Bank credit: 1 2 243,410 + 4,307 + 21,972 250,180 U.S. government securities- Bought outright—system account 215,207 + 119 + 21,424 214,479 Held under repurchase agreements 2,635 + 2,635 1 + 904 7,172 Federal agency obligations- Bought outright 7,567 — 262 7,567 Held under repurchase agreements 1,334 + 1,334 + 979 4,076 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 684 + 3 + 103 630 Includes: seasonal borrowing of 107 - 14 + 51 96 extended credit of 480 + 30 + 170 458 Float 686 - 11 604 351 Other F.R. assets 15,298 + 228 571 15,905 Gold stock 11,083 — + 14 11,083 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,128 + 13 -f 608 18,137 Total factors supplying reserve funds 277,640 + 4,321 + 22,595 284,418 Currency in circulation* 225,013 + 1,351 + 17,875 225,541 Treasury cash holdings* 466 - 6 + 22 465 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,403 + 78 + 797 4,850 Foreign 365 + 86 + 110 502 Service-related balances and adjustments 3 2,290 + 445 89 1,717 Other 484 + 148 60 j 352 Other F.R. liabilities and capital 7,605 + 413 + 1,177 7,877 Total factors, other than reserve balances, absorbing reserve funds 239,625 + 2,514 + 19,831 241,304 Reserve balances with F.R. Banks 4 38,014 + 1,805 + 2,762 43,114 On December 2, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 193,393 million, an increase of $ 1,775 million for the week. 1 Net of $ 4,188 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,188 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,001 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,001 million was with foreign official and international accounts. Includes $ 1,668 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,717 million and adjustments of $ 573 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 RANKS Millions of dollars ..... Chang* tinea •• WWeeddnneessddaayy Wednesday Wednesday December 2, 1987 November 25, 1987 Decembe r 3, 1986 ASSETS Gold certificate account 11,083 — - 1 Special Drawing Rights certificate account 5,018 — -- Coin 435 - 8 - 58 Loans 630 + 28 - 139 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 7,567 — - 262 Held under repurchase agreements1 4,076 + 4,076 + 3,563 U.S. government securities: Bought outright—Bills 107,373 - 1,124 + 8,502 Notes 79,345 + 71 + 11,219 Bonds 2277,,776611 — ++ 2,037 Total bought outright* 221144,,447799 .. 1,053 ++ 21,753 Held under repurchase agreements1 7,172 + 7,172 + 4,591 Total U.S. government securities 221,651 + 6,119 + 26,349 Total loans and securities 233,924 + 10,223 + 29,516 Cash items in process of collection (1,258) 6,313 _ 258 _ 2,583 Bank premises 698 + 1 + 4!» Other assets 3 15,207 + 899 - 60 TOTAL ASSETS (1,258) 272,678 •f 10,857 + 26,859 LIABILITIES Federal Reserve notes 208,304 + 845 + 17,121 Deposits: Depository institutions 44,831 + 6,643 + 6,292 U.S. Treasury—general account 4,850 + 2,083 + 2,537 Foreign—official accounts 502 + 241 + 252 Other 352 - 130 - 85 Total deposits 50,535 + 8,837 + 8,996 Deferred availability cash items (1,258) 5,962 + 366 - 824 Other liabilities and accrued dividends4 3,109 + 389 + 906 TOTAL LIABILITIES (1,258) 267,910 + 10,437 + 26,199 CAPITAL ACCOUNTS Capital paid in 2,031 - 1 + 170 Surplus 1,873 + 20 -f 92 Other capital accounts 864 + 401 + 398 Figures In parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched saie-purchaae transactions to foreign officiai and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $5,001 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1 >66£ 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 accoi nt at Chicago of $ 73 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, December 2, 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 592 __ 15,273 + 1,847 4,087 + 3,847 16 days to 90 days 38 — 50,098 + 965 857 + 233 91 days to 1 year — — 72,004 + 2,783 1,572 - 9b Over 1 year to 5 years — — 44,580 + 524 3,524 + 87 Over 5 years to 10 years — — 14,717 — 1,387 -.. Over 10 years 2244,,997799 — 221166 -.. ^^ Total 663300 222211,,665511 ++ 6,119 1111,,664433 ++ 4,076 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 December 2, 1987 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s T • — ' Dallas "| } Fra S n a c n is co J ASSETS Gold certificate account 11,083 706 3,182 385 664 933 596 1,383 351 169 56? 669 1,483 Special Drawing Rights certif. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 435 26 17 27 30 60 44 35 27 13 34 32 90 Loans 630 6 23 3 1 5 18 10 39 12 72 433 8 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 7,567 467 2,434 229 454 639 336 878 219 114 300 449 1,048 Held under repurchase agreements 1 4,076 — 4,076 — — — — ~ __ — ~ — ... U.S. government securities: Bought outright—Bills 107,373 6,623 34,545 3,249 6,440 9,072 4,768 12,452 3,101 1,614 4,264 6,370 14,875 Notes 79,345 4,894 25,528 2,401 4,759 6,705 3,524 9,201 2,291 1,193 3,151 4,707 10,991 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 2 214,479 U.229 69,005 6,490 12,864 18,123 9,525 24,872 6,194 3,224 8,517 12,724 29,712 Held under repurchase agreements 1 7,172 — 7,172 — — — — — — — — __ — Total U.S. government securities 221,651 13,229 76,177 6,490 12,864 18,123 9,525 24,872 6,194 3,224 8,517 12,724 29,712 ~ Total loans and securities 233,924 13,702 82,710 6,722 13,319 18,767 9,879 25,760 6,452 3,350 8,889 13,606 30,768 Items in process of collection 7,571 442 843 145 309 544 685 761 495 453 1,240 511 1,143 Bank premises 698 92 33 46 32 110 35 67 20 23 4? 20 152 Other assets 3 15,207 495 3,451 820 708 748 922 4,263 360 337 502 903 1,698 Interdistrict settlement account -0- - 410 717 - 366 + 10 - 1,483 + 1,628 + 2,029 + 163 + 149 528 27 448 TOTAL ASSETS 273,936 15,367 91,008 7,941 15,"38* 20,140 14,013 34,954 8,028 4,560 10,962 16,021 35,556 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 $ 5,001 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 1,668 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthlv 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.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 2, 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 208,304 12,377 68,689 5,474 13,064 16,507 8,734 29,492 6,402 3,120 8,324 12,081 24,040 Deposits: Depository institutions 44,831 2,281 13,403 1,783 1,572 2,638 4,041 3,861 985 840 1,131 2,864 9,432 U.S. Treasury-general account 4,850 — 4,850 — — — — — — — — — — Foreign—official accounts 502 5 388 7 9 8 14 20 5 5 6 13 22 Other 352 1 222 1 1 27 22 8899 11 11 3 2 2 Total deposits 50,535 2,287 18,863 1,791 1,582 2,673 44,,005577 33,,997700 999911 884466 1,140 2,879 9,456 Deferred credit items 7,220 371 937 372 313 466 710 560 422 409 1,188 461 1,011 Other liabilities and accrued dividends 1 3,109 163 1,244 83 158 221199 112222 331188 7755 44 110 204 369 TOTAL LIABILITIES 269,168 15,198 89,733 7,720 15,117 1199,,886655 1133,,662233 3344,,334400 77,,889900 4,419 10,762 15,625 34,876 CAPITAL ACCOUNTS Capital paid in 2,031 68 537 97 113 113 178 259 58 62 85 171 290 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 864 40 272 3388 4455 61 44 104 22 18 34 67 119 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 273,936 15,367 91,008 7,941 15,386 20,140 14,013 34,954 8,028 4,560 10,962 16,021 35,556 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 254,833 15,393 75,893 9,133 15,399 21,322 13,489 32,026 8,468 4,009 11,063 15,862 32,776 Less-Held by F.R. Banks 46,529 3,016 7,204 3,659 2,335 4,815 4,755 2,534 2,066 889 2,739 3,781 8,736 F.R. notes, net 208,304 12,377 68,689 5,474 13,064 16,507 8, 734 29,492 6,402 3,120 8,324 12,081 24,040 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 192,203 Total collateral 208,304 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