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 YSffgSi?.the information m available, on (202) 452-3206. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks February 4 ». 1988 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related Items WWeeeekk eennddeedd II Change from week ended '' W""e~~d~~n es~~d"" ay FFeebb.. 33,, 11998888 Jan. 27, 1988 Feb. 4, 1987 Feb. 3, 1988 Reserve Bank credit: *.» 242,458 - 2,311 + 14,167 240,870 U.S. government securities- Bought outright—system account 218,129 - 859 • 19,201 215,648 Held under repurchase agreements - 501 1,864 Federal agency obligations- Bought outright 7,414 - 9 305 7,402 Held under repurchase agreements — - 204 531 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 293 - 129 155 202 Includes: seasonal borrowing of 51 - 7 1 50 extended credit of 125 - 98 123 70 Float 1,052 - 412 + 121 1,610 Other F.R. assets 15,569 - 198 2,302 16,008 Gold stock 11,068 - 3 + 7 11,067 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,235 +_ 14 + 622 18,247 Total factors supplying reserve funds 276,779 - 2,300 + 14,797 275,202 Currency in circulation* 223,413 - 831 + 17,781 223,797 Treasury cash holdings* 436 — 32 436 Deposits, other than reserve balances, with F.R. Banks: Treasury 8,125 - 816 4,770 3,432 Foreign 291 + 65 + 50 213 Service-related balances and adjustments* 2,084 - 613 4 1,673 Other 334 - 49 126 330 Other F.R. liabilities and capital 6,987 - 631 100 6,704 Total factors, other than reserve balances, absorbing reserve funds 241,670 - 2,876 + 12.799 236,585 Reserve balances with F.R. Banks4 35,109 + 575 + 1,999 38,618 On February 3» 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 212,987 million, an increase of $ 2,756 million for the week. 1 Net of $ 4,743 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,375 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 6,762 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,182 million was with foreign official and international accounts, includes $ 234 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,673 million and adjustments of $ 411 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

Workaheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE SANKS Millions of dollara _ _ _ _^ Change since ** WWeeddnneeeeddaayy Wednesday ] Wednesday February 3, 1988 January 27, 1988 February 4, 1987 ASSETS ! Gold certificate account I 11,067 - 4 + 7 Special Drawing Rights certificate account 5,018 — — Coin 483 + 18 - 79 Loans 202 - 161 - 159 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,402 - 21 - 317 Held under repurchase agreements 1 — - 611 — U.S. government securities: Bought outright—Bills 104,783 - 2,894 + 812 Notes 82,623 - 350 + 14,500 Bonds 2288,,224422 — ++ 2,518 Total bought outright? 221155,,664488 „„ 3,244 ++ 17,830 Held under repurchase agreements1 — -- 11,,339900 — Total U.S. government securities 215,648 44,,663344 ++ 17,830 Total loans and securities 223,252 . 5,427 + 17,354 Cash Items in process of collection (1,082) 8,051 + 965 + 589 Bank premises 709 + 5 + 45 Other assets 3 15,299 _ 242 _ 1,836 TOTAL ASSETS (1,082) 263,879 - 4,685 + 13,080 LIABILITIES Federal Reserve notes 206,468 + 149 + IS,920 Deposits: Depository institutions 40,291 + 1,732 + 1,628 U.S. Treasury—general account 3,432 - 6,049 - 1,878 Foreign-official accounts 213 - 7 - 125 Other 330 - 53 - 93 Total deposits 44,266 - 4,377 - 468 Deferred availability cash items (1,082) 6,441 + 298 - 43 Other liabilities and accrued dividends4 2,529 - 491 + 368 TOTAL LIABILITIES (1,082) 259,704 - 4,421 + 16,777 CAPITAL ACCOUNTS Capital paid in 2,062 + 2 + 181 Surplus 2,035 — 12 + 162 Other capital accounts 7? - 254 1.040 Figures In parentheses are the eliminations made in the coneotidattng process. Does not include U.S. government and federal agency securities reeold under matched eate-purchaee tranaactiona to foreign official and international accounts of which $ -0- million was outstanding at the end of the lataat atatement week. Net of $ 6,762 million matched sale-purchase tranaactiona outatanding at the end of the lataat atatement week. Includes S 254 million aecurltiea loaned—fully secured by U.S. government aecurltiea. Includes assets denominated in foreign currencies, revalued monthly at market exchange rataa. includes special investment account at Chicago of $ 85 million in Treasury bills maturing within 90 daya. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND KCUftmES, February 3, 1988 Acceptances and aecurltiea held under rapurchaaa agreements are claeaifted aa maturing within tS daya In accordance wltr maximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings I Weekly changes Hotdlnoe |Weokly changes Within 15 days 194 —. 10,456 + 1,333 25 ., 756 10 daya to 90 days 8 — 48,006 - 4,592 1,016 «+• 130 91 daya to 1 year — •~ 69,484 - 1,035 1,532 ... 6 Over 1 year to 5 years 1 — — 47,070 - 340 3,323 — Over 5 years to 10 years — — 15,208 «— 1,317 — Over 10 years 2255,,442244 118899 — Total 11 220022 ~~ 221155,,664488 mmmm 4,634 77,,440022 .... 632 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 February 3. 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 11.067 706 3,166 385 664 933 596 1,383 351 169 562 669 1,483 Special Drawing Rights cert if. acct. 5.018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 483 39 20 28 34 75 50 41 32 15 32 35 82 Loans 202 13 9 16 1 8 3 24 17 8 51 46 6 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7,402 457 2,381 224 444 626 329 858 214 111 294 439 1,025 Held under repurchase agreements ' — — — — — — — —— — —- — — — U.S. government securities: Bought outright-Bills 104.783 6,463 33,712 3,171 6,285 8,854 4,654 12,151 3,026 1.575 4,161 6,216 14,515 Notes 82.623 5,096 26,583 2,500 4,956 6,982 3,669 9,581 2,386 1,242 3,281 4,901 11,446 Bonds 28.242 1,742 9,086 855 1,694 2,386 1,254 3,275 816 424 1,122 1,676 3,912 Total bought outright 2 215.648 13,301 69,381 6,526 12,935 18,222 9,577 25,007 6,228 3,241 8,564 12,793 29,873 Held under repurchase agreements 1 ~ — — — — — — — — — — — ~ Total U.S. government securities 213.648 13.3U1 69.J81 6,526 12,935 18,222 9,577 25,007 6,220 3,241 8,564 12,793 29,873 Total loans and securities 223.252 13,771 71,771 6,766 13,380 18,856 9,909 25,889 6,459 3,360 8,909 13,278 30,904 Items in process of collection 9,133 548 1,038 570 361 500 876 1,000 493 387 1,161 684 1,515 Bank premises 709 93 33 46 32 112 57 74 20 23 47 20 152 Other assets 3 15,299 534 3,413 485 679 799 837 4,156 339 300 486 886 2,385 Interdistrict settlement account -n- - 579 -1- 7.79? -1,339 -1,284 -1,922 + 587 • 703 + 608 - 15 - 799 861 -2,391 TOTAL ASSETS 264,961 15,426 88,222 7,103 14,180 19,814 13,115 33,902 8,462 4,305 10,614 15,018 34,800 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 $ _o- million was outstanding at the end of the latest statement week. 2 Net of $ ^, 762 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 254 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 $ 85 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 February 3, 1988 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 206,468 12,528 69,680 4,938 12,322 16,207 7,984 29,102 6,783 2,962 8,091 11,937 23,934 Deposits: Depository institutions 40,291 2,165 12,058 1,500 1,163 2,655 3,957 3,226 1,082 779 1.145 2,035 8,526 U.S. Treasury-general account 3.432 — 3,432 ~ — — — — — — — — — Foreign—official accounts 213 5 103 7 8 9 13 19 4 5 6 13 21 Other 330 — 180 1 1 37 3 99 — 1 3 3 2 Total deposits 44,266 2,170 15,773 1,508 1,172 2,701 3,973 3,344 1,086 785 1.154 2,051 8,549 Deferred credit items 7,523 424 843 380 309 458 681 626 405 380 1,098 539 1,380 Other liabilities and accrued dividends 1 2,529 154 814 78 146 209 114 299 72 41 101 146 355 TOTAL LIABILITIES 260,786 15,276 87,110 6,904 13,949 19,575 12,752 33,371 8,346 4,168 10,444 14,673 34,218 CAPITAL ACCOUNTS Capes' paid in 2,062 70 541 98 113 115 181 264 58 69 85 176 292 Surplus 2,035 68 541 97 113 114 176 261 58 63 85 169 290 Othet capital accounts 78 12 30 4 5 10^ 6 6 — 5 — — — TOTAL LIABILITIES AND CAPITAL ACCOUNTS 264,961 15,426 88,222 7,103 14,180 19,814 13,115 33,902 8,462 4,305 10,614 15,018 34,8*0 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 253,318 15,866 75,690 8,773 14,924 21,202 12,807 31,985 8,900 3,973 10,769 15,781 32,648 Less-Held by F.R. Banks 46,850 3,338 6,010 3,835 2,602 4,995 4,823 2,883 2,117 1,011 2,678 3,844 8,714 F.R. notes, net 206,468 12,528 69,680 4,938 12,322 16,207 7,984 29,102 6,783 1,962 8,091 11,937 23,934 Collateral held against F.R. notes: Gold certificate account 11,067 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- US. govt, and agency securities 190,383 Total collateral 206,468 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