H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.■is^g&i FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ••fSfil^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 31, 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 Dec. 30, 1987 TFe~cT 23, 19B7| Dec, TTTTWE Dec. 30, 1987 Reserve Bank credit: 1 2 247,375 2,668 + 14,549 250,948 U.S. government securities- Bought outright—system account 218,704 4 75 + 21,529 218,549 Held under repurchase agreements 1,743 1,743 4,800 3,834 Federal agency obligations- Sought outright 7.555 1 274 7,553 Held under repurchase agreements 974 97^ + 199 1,796 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 755 169 U063 951 Includes: seasonal borrowing of 100 4 61 97 extended credit of 284 64 12 327 Float 1,645 457 119 2,011 Other F.R. assets 15,998 199 924 16,254 Gold stock 11,079 1 15 11,078 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 18,168 10 607 18,177 Total factors supplying reserve funds 281,640 + 2,677 15,171 285,221 Currency in circulation* 229,746 4- 2,074 +■ 18,107 230,400 Treasury cash holdings* 454 + 24 454 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,719 500 1,621 4,773 Foreign 192 48 45 207 Service-related balances and adjustments3 2,269 + 309 50 1,699 Other 377 + 51 81 364 Other F.R. liabilities and capital 7,468 + 198 + 1,043 7,453 Total factors, other than reserve balances, absorbing reserve funds 244,224 + 2,083 + 17,476 245,350 37,416 + 594 2,307 39,871 Reserve balances with F.R. Banks * On December 30, 1987 , marketable U.S. government sacurlties held in custody by the Federal Reserve Banks for foreign official and international accounts were $198,823 million, an Increase of $ 1 441 million for the week. s 1 Net of $ 4,986 million, daily average, matched safe-purchase transactions outstanding during the latest statement week, of which a net of $ 4,986 rnilfion was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,141 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,141 million was with foreign official and international accounts, includes $ 1*030 million securities loaned—fully secured U.S. government securities, 3 Consists of required clearing balances of $ 1,699 million and adjustments of $ 570 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 FEDtftAL RESCftVE BANK! MMHons of dollart ____.,____— Change since * Wednesday Wednesday 1 Wednesday December 30, 1987 December 23, 1987 Decemb<2 r 31, 1986 ASSETS Gold certificate account 11,078 - 1 - 6 Special Drawing Rights certificate account 5,018 — — Coin 413 - 21 - 11 Loans 951 + 459 - 614 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 7,553 — 3 — 2^6 Held under repurchase agreements1 1,796 + 1,796 — 5.8 U.S. government securities: Sought outright—Bills 107,334 - 500 4* 3,5!>9 Notes 82,973 — + 14,847 Bonds 28,242 — 4- 2,518 «. Total bought outright* 218,549 500 20,924 Held under repurchase agreements1 3,834 + 3,834 - 9,8:7 Total U.S. government securities 222,383 + 3,334 4* 11,(jl? Total loans and securities 232,68*3 + 5,586 + 9,6f9 Cash items in process of collection (1,173: 7,973 - 866 - 965 Bank premises 704 + 6 4. 43 Other assets 3 15,550 4 333 _ 1,264 TOTAL ASSETS (1,173: 273,419 + 5,037 + 7,355 LIABILITIES Federal Reserve notes 213,090 + 1,145 4 17,730 Deposits: Depository institutions 41,570 + 2,617 - 6,537 U.S. Treasury—general account 4,773 + 1,781 - 2,815 Foreign—official accounts 207 - 8 - 80 Other 364 + 71 - 553 Total deposits 46,914 + 4,461 - 9,985 Deferred availability cash items ! (1,173]) 5,962 _ 926 . 1,715 Other liabilities and accrued dividends4 3-053 + 362 + III TOTAL LIABILITIES (1.173) 269,019 + 5,042 + 6,743 CAPITAL ACCOUNTS Capital paid in 2,045 — 4- 171 Surplus 1,873 — - 1 Other capital accounts 482 - 5 + 48 2 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 $ -0- million was outstanding at the end of the lateat statement week. Net of $ 5,141 million matched sale-purchase transactions outstanding at the e^d of the lateet statement week. Includes $ 1,030 million securities loaned—fully secured by U.S. government securities. Includes assets denominated In foreign currencies, revalued monthly at market exchange ratee. Includes special investment account at Chicago of S 43 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 30, 1987 Acceptances and securities held under repurchaae agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obit gat icne I Loana Acceptancee Holdings |WeeWy changes Hoidinga (Weekly changes Within 15 days 943 — 11,583 4* 1,238 2,041 + 1,833 16 daya to 90 days * — 50,901 - 328 691 36 91 days to 1 year I — 71,993 + 2,425 1,653 + 75 Over 1 year to 5 years — 47,169 - i 3,416 79 Over 5 years to 10 years — — 15,313 — 1,358 — Over 10 years — — 25,424 — 190 — Total 951 222,383 3,334 9,349 1,793 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE CAftiK ON Dec embe ■r 30. 1987 Millions of dollars Total 1 Bostci New York Philadelphia Cleveland Richmond Atlanta T" St Louis Minneapolis Kansas Dallas City Chicago ASSETS Gold certificate account 11,078 706 3.177 385 664 933 596 1,383 351 169 562 669 Special Drawing Rights cert if. acct. \ 5,018 314 1,489 162 314 461 203 656 160 66 216 307 Coin 413 ! 27 16 24 29 63 40 31 28 13 32 29 Loans i 951 j 9 39 143 1 6 214 36 48 22 109 309 Acceptances held under repurchase agreements — — — ~~ — — — — — — — — Federal agency obligations: Bought outright 7,553 466 2,430 229 453 638 335 876 218 114 300 448 Held under repurchase agreements ' 1,796 — 1,796 — — — — — — — — — U.S. government securities: Bought outright-Bills 107.334 6,620 34,533 3,248 6,438 9,070 4.767 12,447 3,100 1,613 4.262 6,367 Notes 82,973 5.118 26.695 2,511 4,976 7,011 3,685 9.622 2,396 1,247 3,295 4,923 Bonds 28.242 1,742 9,087 854 1,694 2,386 1,254 3,275 816 425 1,122 1.675 Total bought outright 2 218,549 13,480 70,315 6,613 13,108 18,467 9,706 25.344 6,312 3,285 8,679 12,965 Held under repurchase agreements * 3,834 — 3,834 — — — — — — — — — Total U.S. government securities 222,383 13,480 74,149 6,613 13,108 18,467 9,706 25,344 6,312 3,285 8,679 12.965 Total loans and securities 232,683 13,955 78,414 6,985 13,562 19,111 10,255 26.256 6.578 3,421 9.088 13.722 Hems in process of collection 9,146 633 928 568 310 523 975 970 452 432 1,193 607 Bank premises 704 92 33 46 32 111 56 71 20 23 47 20 Other assets 3 15,550 545 3.544 520 856 817 939 4.352 380 347 527 938 Interdistrict settlement account -0- 32 + 2,610 - 545 906 - 1.697 + 810 + 1,922 + 681 + 38 - 736 264 TOTAL ASSETS 274,592 16.240 90,211 8,145 14.861 20.322 13.874" 35,641 8.650 4,509 10.929 16.028 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 $ 5.141 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 1,030 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 $ 43 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 OJF EACH^FEDERAL RESERVE BANK ON December 30, 1987 Millions of dollars ; u< -.: ; ,:/>M;,.:I >■ sr*?-: \- ■-: .Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas LIABILITIES Federal Reserve notes . , v 213,090 12,532 70,504 5,710 *"' 12,976 16,613 9,226 30,067 6,942 3,035 8,383 12,322 Deposits: Depository institutions 41,570 2,982 11,456 1,795 1.209 2,796 3.467 3.988 1,119 904 1,119 2,664 U.S. Treasury-general account 4,773 4.773 Foreign—official accounts 207 5 93 7 9 8 14 20 5 5 6 13 Other 364 1 287 1 1 9 2 53 1 3 3 Total deposits 46,914 2.988 16.609 1,803 1,219 2,813 3.483 4,061 1,124 910 1,128 2,680 Deferred credit items 7,135 401 736 346 260 417 646 628 382 391 1,131 495 Other liabilities and accrued dividends 1 3,053 163 1,180 83 162 224 143 324 78 46 108 160 TOTAL LIABILITIES 270,192 16,084 89,029 7,942 14,617 20,067 13,498 35,080 8,526 4,382 10,750 15,657 CAPITAL ACCOUNTS Capital paid in 2,045 68 541 97 112 114 181 261 58 62 85 175 Surplus 1,873 61 466 86 111 101 168 251 58 61 81 158 Other capital accounts 482 27 175 20 21 40 27 49 8 4 13 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 274,592 16.240 90,211 8,145 14,861 20,322 i3,874 35,641 8,650 4,509 10,929 16,028 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 253.508 15,129 75,738 9,055 15,204 21,081 13,322 31,919 8,807 4,037 10,969 15,862 Less-Held by F.R. Banks 40,418 2,597 5,234 3,345 2,228 4,468 4,096 1,852 1,865 1,002 2,586 3,540 F.R. notes, net 213,090 12,532 70,504 5,710 12,976 16,613 9,226 30,067 6,942 3,035 8,383 12,322 Collateral held against F.R. notes: Gold certificate account 11,078 Special Drawing Rights cert if. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 196,994 Total collateral 213,090 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