H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ••f^fg^ 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 January 14, 1988 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd IItteemmss WWeeeekk eennddeedd Change from week ended Wednesday JJaann.. 1133,, 11998888 Jan. 6, 1988 Jan 7, 1987 Jan 13, 1988 Reserve Bank credit: *•* 247,116 - 4,035 + 15,672 246,529 U.S. government securities- Bought outright—system account 219,578 + 307 + 21,078 219,332 Held under repurchase agreements 496 - 2,510 5,347 —— Federal agency obligations- Bought outright 7,553 —• 276 7,553 Held under repurchase agreements 262 - 801 514 —— Acceptances- Bought outright — — •~— "~— Held under repurchase agreements — — "•~ Loans to depository institutions 981 - 1,927 + 283 2,717 Includes: seasonal borrowing of 59 - 13 + 29 52 extended credit of 522 + 74 + 287 518 Float 2,719 + 1,513 + 1,768 1,204 Other F.R. assets 15,526 - 618 - 1,321 15,723 Gold stock 11,076 - 2 + 14 11,075 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,193 -1- 14 + 622 18,205 Total factors supplying reserve funds 281,403 - 4,023 + 16,308 280,827 Currency in circulation* 227,825 - 2,086 + 16,633 227,024 Treasury cash holdings* 454 — + 10 454 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,871 - 1,160 2,088 3,421 Foreign 235 - 28 6 212 Service-related balances and adjustments* 2,278 - 8 3 1,687 Other 254 - 655 596 289 Other F.R. liabilities and capital 7,522 + 321 + 1,359 7,438 Total factors, other than reserve balances, absorbing reserve funds 242,439 - 3,616 + 15,309 240,525 Reserve balances with F.R. Banks4 38,965 - 406 + 998 40,302 On January 13, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 204,386 million, an increase of $ 2,887 million for the week. 1 Net of $ 4,112 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,112 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,358 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,358 million was with foreign official and international accounts. Includes $ 614 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,687 million and adjustments of $ 591 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 BANKS Millions of dollars Change since Wednesday Wednesday Wednesday January 13, 1988 January 6, 1988 January 14 , 1987 ASSETS Gold certificate account 11.075 Special Drawing Rights certificate account 5,018 Coin 409 + 8 99 Loans 2.717 4- 1,968 2,392 Acceptances- Held under repurchase agreements Federal agency obligations— 7,553 - 276 876 - 377 Bought outright Held under repurchase agreements'! U.S. government securities: 108,117 469 + 3,784 Bought outright—Bills 82,973 + 14 ,847 Notes 28,242 + 2,518 Bonds 219,332 469 + 21,149 Total bought outright2 2,120 6,425 Held under repurchase agreements1 "219,332 1,651 + 14,724 Total U.S. government securities 229.602 559 + 16.463 2,951 + 1,130 Total loans and securities (1.177) 7,692 + 44 Cash items in process of collection 705 200 - 1,596 Bank premises 15,018 3,704 15,933 Other assets3 (1.177) 269,519 TOTAL ASSETS LIABILITIES Federal Reserve notes 209,682 2,039 18,443 Deposits: Depository institutions 41,989 295 - J ,697 U.S. Treasury—general account 3,421 677 - I:, 128 Foreign—official accounts 212 25 - 14 Other 289 5 — 70 Total deposits 45,911 —wz - ^3,909 Deferred availability cash Items (1.177) 6,488 1,325 + 259 Other liabilities and accrued dividends4 2,985 30 + 736 TOTAL LIABILITIES (1,177) 265,066 3,796 + 13,529 CAPITAL ACCOUNTS 2,049 5 + 175 Capital paid in Surplus 2,047 + 174 Other capital accounts 357 87 + 55 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 latest statement week. Net of $ 4,358 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 614 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 $ 61 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, January 13, 1988 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 |Week y changes Within 15 days 2,639 — 7,667 - 2,836 151 - 895 16 days to 90 days 78 — 52,124 + 1,372 926 + 90 91 days to 1 year — — 71,292 - 187 1,473 - 110 Over 1 year to 5 years — — 47,512 — 3,441 + 25 Over 5 years to 10 years — — 15,313 — 1,373 + 15 Over 10 years — !II 25,424 — 189 - 1 Total 2,717 219,332 7,553 !II 25,424 189 - 219,332 1,651 7,553 876 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 January 13. 1988 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11.075 706 3,174 385 664 933 596 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 409 28 16 23 29 65 39 32 27 13 31 30 76 Loans 2,717 6 1,989 34 6 8 8 17 18 6 102 507 16 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 7,553 466 2,430 229 453 638 335 876 218 114 300 448 1,046 Held under repurchase agreements 1 — — — — — — — — — — — — — U.S. government securities: Bought outright-Bills 108,117 6,668 34,785 3,272 6 ,485 9,136 4.802 12,538 3,122 1,625 4,293 6,414 14,977 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 9,086 854 L. 694 2,386 1.254 3,275 816 425 1,122 1,676 3,912 Total bought outright 2 219,332 13,528 70,566 6,637 13 ,156 18,533 9,741 25,435 6,334 3,297 8,710 13,012 30.383 Held under repurchase agreements 1 ~ — ~ — — — — — — — — — — Total U.S. government securities 219,332 13,528 70,566 6,637 13i, 156 18,533 9,741 25,435 6,334 3,297 8,710 13,012 30.383 Total loans and securities 229,602 14,000 74,985 6,900 13 ,615 19,179 10,084 26,328 6,570 3,417 9,112 13,967 31.445 Items in process of collection 8,869 582 963 486 343 548 805 636 657 395 1,179 636 1.639 Bank premises 705 92 34 46 32 111 56 71 20 23 47 20 153 Other assets 3 15,018 542 3,373 503 742 801 915 4,262 376 332 522 912 1.738 Interdistrict settlement account -0- - 619 + 6,731 - 514 - 705 - 1,947 + 1,550 + 1,077 + 518 - 215 753 - 1,154 - 3,969 TOTAL ASSETS 270,696 15,645 90,765 7,991 15 034 20,151 14,248 34,445 8,679 4,200 10,916 15,387 33,235 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 $ 4,358 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 614 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 $ 61 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 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 209,682 12,184 70,616 5,294 12,806 16,210 8,607 29,661 6,794 2,961 8,253 12,158 24,138 Deposits: Depository institutions 41,989 2,701 13,200 1,840 1,535 2,958 4,445 3,304 1,232 718 1,251 2,145 6,660 U.S. Treasury-general account 3,421 — 3,421 — — ~ — — — — — — — Foreign—official accounts 212 5 98 7 9 8 14 20 5 5 6 13 22 Other 289 — 177 1 1 31 3 68 1 — 2 3 2 Total deposits 45,911 2,706 16,896 1,848 1,545 2,997 4,462 3,392 1,238 723 1,259 2,161 6,684 Deferred credit items 7,665 438 850 569 285 479 681 521 417 342 1,120 546 1,417 Other liabilities and accrued dividends ! 2,985 160 1,179 80 153 215 123 309 104 43 102 151 366 TOTAL LIABILITIES 266,243 15,488 89,541 7,791 14,789 19,901 13,873 33,883 8,553 4,069 10,734 15,016 32,605 CAPITAL ACCOUNTS Capital paid in 2,049 68 541 98 113 114 181 261 58 63 85 176 291 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 357 21 142 5 19 22 13 40 10 5 12 20 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 270,696 15,645 90,765 7,991 15,034 20,151 14,248 34,445 8,679 4,200 10,916 15,387 33,235 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 252,838 15,116 75,911 8,953 15,154 20,911 13,041 31,950 8,838 4,010 10,877 15,842 32,235 Less-Held by F.R. Banks 43,156 2,932 5,295 3,659 2,348 4,701 4,434 2,289 2,044 1,049 2,624 3,684 8,097 F.R. notes, net 209,682 12,184 70,616 5,294 12,806 16,210 8,607 29,661 6,794 2,961 8,253 12,158 24,138 Collateral held against F.R. notes: Gold certificate account 11,075 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 193,589 Total collateral 209,682 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