H.4.1 Factors Affecting Reserve Balances of Depository Institutions

«y>o*yo>o FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •TSfsie?-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 Pecepfeer 10, 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 J Wednesday Dec. 9, 1987 TW ?t 10ft7 bee 10. 1986 j Dec. 9, 198 7 Reserve Bank credit: 1 2 244,845 + 1,458 I + 21,306 j 244,741 U.S. government securities- Bought outright—system account 219,312 + 4,105 + 21,279 219,158 Held under repurchase agreements 422 2,213 180 Federal agency obligations- Bought outright 7,567 262 7,567 Held under repurchase agreements 56 1,278 + 15 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 754 + 70 + 371 817 Includes: seasonal borrowing of 78 29 + 45 80 extended credit of 617 + 137 + 311 679 Float 962 + 288 + 54 1,276 Other F.R. assets 15,773 + 486 + 31 15,923 Gold stock 11,082 1 + 17 11,082 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 18,138 + 10 + 608 18,147 Total factors supplying reserve funds 279,084 + 1,467 + 21,933 278,988 Currency in circulation* 225,718 + 705 + 17,817 226,316 Treasury cash holdings' 455 10 + 19 454 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,792 + 389 + 998 4,581 Foreign 223 142 + 18 210 Service-related balances and adjustments 3 1,913 377 282 1,705 Other 328 156 97 344 Other F.R. liabilities and capital 7,627 + 22 : + 1,290 " 7,122 Total factors, other than reserve balances, absorbing reserve funds 240,057 + 432 j + 19,764 240,732 Reserve balances with F.R. Banks * 39,028 + 1,037 + 2,168 38,256 On December 9, 1987 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 195,037 million, an increase of $ 1,644 million for the week. 1 Net of $ 4,366 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,366 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,533 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,533 million was with foreign official and international accounts. Includes $ 1,025 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,705 million and adjustments of $ 208 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 CONDThON OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since * Wednesday Wednesday Wednesday December 9, 1987 December 2, 1987 December 10, 1986 ASSETS Gold certificate account 11,082 - 1 - 2 Special Drawino Rights certificate account 5,018 — -- Coin 433 - 2 - 69 Loans 817 + 187 -f- 415 Acceptances- Held under repurchase agreements _.«. «... —.. Federal agency obligations- Bought outright 7,567 — - 261! Held under repurchase agreements1 — - 4,076 _.. U.S. government securities: Bought outright—Bills 107,943 + 570 + 3,922 Notes 82,973 + 3,628 + 14,84'/ Bonds 28,242 + 481 + 2,518 Totai bought outright2 219,158 + 4,679 + 21,287 Held under repurchase agreements1 — — 7,172 — Total US. government securities 219,158 2,493 + 21,287 Total loans and securities 227,542 - 6,382 + 21,440 Cash Items in process of collection (1,247) 6,871 + 558 - 1,507 Bank premises 699 + 1 + 43 Other assets 3 15,224 + 17 - 199 TOTAL ASSETS (1,247) 266,869 - 5,809 + 19,706 LIABILITIES Federal Reserve notes 209,056 + 752 + 17,449 Deposits: Depository institutions 39,961 _ 4,870 + 1,213 U.S. Treasury—general account 4,581 _ 269 + 706 Foreign—official accounts 210 _ 292 _ 37 Other 344 _ 8 _ 122 Totsl deposits 45,096 - 37439 + 1,760 Deferred availability cash Items (1,247) 5,595 - 367 - 362 Other liabilities and accrued dividends4 2,717 - 392 + 487 TOTAL LIABILITIES (1,247) 262,464 - 5,446 + 19,334 CAPITAL ACCOUNTS Capital paid in 2,032 + 1 ++ 117733 Surplus 1,873 + 92 Other capital accounts 500 364 + 107 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 foreign official and international accounts of which S -0- million was outstanding at the end of the latest statement week. Net of $ 4,533 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ l ,025 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 S 92 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 9, 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 776 — 9,958 ^ 5,315 11 4,076 16 days to 90 days 41 — 48,842 - 1,256 857 — 91 days to 1 year — — 72,452 + 448 1,572 -- Over 1 year to 5 years — — 47,169 + 2,589 3,524 — Over 5 years to 10 years — — 15,313 + 596 1.387 — Over 10 years ^5 25,424 + 445 216 — Total 8l7 219,158 2,493 7,567 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 9, 1987 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,082 706 j,181 385 664 933 596 1,383 351 169 562 669 1,483 Special Drawing Rights certif. acct. 5,018 314 1,489 lf2 314 461 203 656 160 66 216 307 670 Coin 433 26 16 27 29 62 44 37 27 13 34 32 86 Loans 817 9 11 3 1 3 29 11 29 11 47 661 2 Acceptances held urder repurchase agreements — — — — — ""**"* —"■" -"■" —— _— "■"* ~~ Federal agency obligations: Bought outright 7,567 467 2,434 229 454 639 336 877 219 114 301 449 1,048 Held under repurchase agreements 1 — — — — — — — — — — — — — U.S. government securities: Bought outright-Bills 107,943 6,658 34,729 3,266 6,474 9,121 4,794 12,518 3,117 1,622 4,287 6,404 14,953 Notes 82,973 5,118 26,695 2,511 4,977 7,011 3,685 9,622 2,396 1,247 3,295 4,922 11,494 Bonds 28,242 1,742 9,086 855 1,694 2,386 1,254 3,275 816 425 1,122 1,675 3,912 Total bought outright 2 219,158 13,518 70,510 6,632 13,145 i8,5i8 9,733 25,415 6,329 3,294 8,704 13,001 30,359 Held under repurchase agreements 1 — — — — — — — — — — — — Total U.S. government securities ~2l9TT58~~ 13,518 70,510 6,632 13,145 18,518 9,733 25,415 6,329 3,294 8,704 13,001 3C.359 Total loans and securities 227,542 13,994 72,955 6,864 13,600 19,160 10,098 26,303 6,577 3,419 9,052 14,111 31,409 Items in process of collection 8,118 417 1,240 559 287 533 781 743 377 445 1,130 571 1,035 Bank premises 699 93 3? 46 32 110 56 67 20 23 47 20 152 Other assets 3 15,224 520 3,256 510 728 778 940 4,331 370 341 518 1,047 1,885 Interdistrict settlement account -0- - 676 + 7,286 - 335 - 373 - 2,133 -1- 926 + 501 + 447 - 252 - 665 - 1,406 - 3,320 TOTAL ASSETS 268,116 15,394 «9,456 8,218 15,281 19,904 13,644 34,021 8,329 4,224 10,894 15,351 33,400 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 $ 4,533 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $1,025 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 $ 92 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 9. 1987 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 209,056 12,290 69,103 5,720 13,027 16,338 8,540 29,622 6,803 3,131 8,345 12,154 23,983 Deposits: Depository institutions 39,961 2,421 12.430 1,838 1,588 2,626 3,915 2,818 965 525 1,194 2,167 7,474 U.S. Treasury-general account 4.581 4,581 Foreign—official accounts 210 5 96 7 9 8 14 20 5 5 6 13 22 Other 344 1 213 1 1 13 1 107 1 2 2 2 Total deposits 45,096 2,427 17,320 1,846 1,598 2,647 3,930 2,945 970 531 1,202 2,182 7,498 Deferred credit items 6,842 357 949 367 252 444 677 574 354 389 1,055 495 929 Other liabilities and accrued dividendst 2,717 164 896 83 159 221 125 319 76 44 110 157 363 TOTAL LIABILITIES 263,711 15,238 88,268 8,016 15,036 19,650 13,272 33,460 8,203 4,095 10,712 14,988 32,773 CAPITAL ACCOUNTS Capital paid in 2.032 68 537 97 113 113 179 259 58 62 85 171 290 Surplus 1.873 61 466 86 111 101 168 251 58 61 81 158 271 Other capital accounts 500 27 185 19 21 40 25 51 10 6 16 34 66 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 268,116 15,394 89,456 8,218 15,281 19,904 13,644 34,021 8,329 4,224 10,894 15,351 33,400 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 255,573 15,345 76,245 9,111 15,418 21,301 13,370 32,237 8,835 3,993 11,105 15,924 32,689 Less-Held by F.R. Banks 46,517 3,055 7,142 3,391 2,391 4,963 4,830 2,615 2,032 862 2,760 3,770 8,706 F.R. notes, net 209,056 12,290 69,103 5,720 13,027 16,338 8,540 29,622 6,803 3,131 8,345 12,154 23,983 Collateral held against F.R. notes: Gold certificate account 11,082 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 192,956 Total collateral 209,056 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