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 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 February 11, 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 FFeebb.. 1100,, 11998888 Feb. 3, 1988 [FebT 11, 1987 Feb. 10, 1988 Reserve Bank credit: '•2 236,572 5,886 ; + 15,269 231,461 "~ U.S. government securities- Bought outright—system account 212,727 - 5,402 + 17,989 207,371 Held under repurchase agreements — *—•• "*•" "*"• Federal agency obligations- Bought outright 7,402 - 12 - 317 7,402 Held under repurchase agreements — «... ~— —~ Acceptances— Bought outright — — — — Held under repurchase agreements — — — — Loans to depository Institutions 280 - 13 - 121 336 Includes: seasonal borrowing of 58 + 7 - 2 54 extended credit of 162 + 37 - 120 246 Float 794 - 258 + 264 687 Other F.R. assets 15,369 - 200 - 2,545 15,665 Gold stock 11,066 - 2 + 7 11,065 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,249 + 14 ' -1- 625 18,261 Total factors supplying reserve funds 270,905 - 5,874 + 15,901 265,805 Currency in circulation* 224,317 + 904 + 17,910 224,856 Treasury cash holdings* 436 — - 40 436 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,723 - 4,402 - 109 2,845 Foreign 227 - 64 + 25 270 Service-related balances and adjustments * 2,601 + 516 - 1,125 1,673 Other 294 - 40 - 111 314 Other F.R. liabilities and capital 6,846 - 141 - 127 6,875 Total factors, other than reserve balances, ' absorbing reserve funds 238,445 - 3,226 + 16,424 237,269 Reserve baiances with F.R. Banks 4 32,461 - 2,647 - 522 28,537 On February 10, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and International accounts were $ 215,565 million, an increase of $ 2,578 million for the week. 1 Net of $ 7,918 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,275 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 13,257 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,348 million was with foreign official and international accounts. Includes $ 246 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,673 million and adjustments of $ 928 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 ** WWeeddnneessddaayy Wednesday Wednesday February 10, 1988 February 3, 1988 February -J 1^1987 ASSETS Gold certificate account 11,065 - 2 + 5 Special Drawing Rights certificate account 5,018 — — Coin 494 + 11 - 85 Loans 336 + 134 - 116 Acceptances— Held under repurchase agreements __ —— Federal agency obligations- Bought outright 7,402 — - 317 Held under repurchase agreements 1 — — U.S. government securities: Bought outright—Bills 97,131 - 7.652, - 3,394 Notes 81,998 - 625y + 14,125 Bonds 28,242 — + 2,518 Total bought outright2 207,371 - 8,277 + L3.249 Held under repurchase agreements1 — — Total U.S. government securities 207,371 _ 87277" + ""'13,249 Total loans and securities 215,109 _ 8,143 + 12,816 Cash items in process of collection (898) 5,842 _ 2,209 + 209 Bank premises 708 1 ++ 43 Other assets 3 14,957 mm 342 2,418 TOTAL ASSETS (898) 253,193 - 10,686 + "10,570 LIABILITIES Federal Reserve notes 207,524 + 1,056 + 17,296 Deposits: Depository institutions 30,210 - 10,081 - 6,645 U.S. Treasury—general account 2,845 - ^587 - 696 Foreign—official accounts 270 + 57 -L. 93 Other 314 _ 16 - 88 Total deposits 33,639 _ 10,627 _ 7,336 Deferred availability cash items (898) 5,155 _ 1,286 «. 141 Other liabilities and accrued dividends4 2,422 _ 107 + 358 TOTAL LIABILITIES (898) 248,740 - 10,964 + 10,177 CAPITAL ACCOUNTS Capital paid in 2,064 + 2 + 179 Surplus 2,047 + 12 + 174 Other capital accounts 342 + 264 + 40 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 $ 13,257million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S 246 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 $ 76 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, February 10, 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 Loans Acceptances Holdings [Weekly changes! Holdings lWei>kly changes Within 15 days 324 8,112 2,344 -0- 25 16 days to 90 days 12 43,209 4,797 1,016 91 days to 1 year 68,973 511 1,572 40 Over 1 year to 5 years 46,620 450 3,298 25 Over 5 years to 10 years 15,033 175 1,327 10 Over 10 years 25,424 189 Total 336 207,371 8,277 7,402 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 10, 1988 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco AASSSSEETTSS GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,065 706 3,164 385 664 933 596 1,383 351 169 562 669 1,483 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 CCooiinn 494 41 20 28 34 77 53 41 32 16 33 34 85 LLooaannss 336 8 — 20 — 7 2 3 16 5 44 224 7 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 1 — — — — ~~ •— — — — — *— — — U.S. government securities: Bought outright-Bills 97,131 5,991 31,250 2,939 5,826 8,207 4,314 11,264 2,805 1,460 3,857 5,762 13,456 Notes 81,998 5,057 26,382 2,481 4,918 6,929 3,642 9,509 2,368 1,233 3,256 4,864 11,359 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 2 207,371 12,790 66,718 6,275 12,438 17,522 9,210 24.048 5,989 3,117 8,235 12,302 28,727 Held under repurchase agreements 1 — — -- — — — — — — •"•" ""•• "*"* "—" Total U.S. government securities 207,371 12,790 66,718 6,275 12,438 17,522 9,210 24,048 5,989 3,117 8,235 12,302 28,727 Total loans and securities 215,109 13,255 69,099 6,519 12,882 18,155 9,541 24,909 6,219 3,233 8,573 12,965 29,759 Items in process of collection 6,740 1 404 902 370 313 419 873 427 375 358 901 467 931 Bank premises j 708 93 33 46 32 112 56 74 20 23 47 20 152 Other assets 3 14,957 552 3,633 494 692 814 848 4,196 345 303 493 894 1,693 Interdistrict settlement account -0- - 433 + 3,683 - 925 - 841 - 1,367 + 256 + 1,558 + 759 62 - 398 + 49 - 2,279 TOTAL ASSETS 254,091 14,932 82,023 7,079 14,090 19,604 12,426 33,244 8,261 4,106 10,427 15,405 32,494 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 $ 13,257 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 246 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 $ 76 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 10, 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 207,524 12,585 70,021 4,974 12,314 16,539 7,955 29,064 6,860 2,987 8,211 11,947 24,067 Deposits: Depository institutions 30,210 1,685 6,115 1,527 1,135 2,199 3,273 2,742 853 596 1,042 2,511 6,532 U.S. Treasury-general account 2,845 2,845 Foreign-official accounts 270 5 159 7 8 9 13 19 4 5 6 13 22 Other 314 1 185 2 1 23 2 86 1 1 7 2 3 Total deposits 33,639 1,691 9,304 1,536 1,144 2,231 3,288 2,847 858 602 1,055 2,526 6,557 Deferred credit items 6,053 349 729 288 245 375 693 475 348 337 883 425 906 Other liabilities and accrued dividends 1 2,422 148 776 75 144 201 112 286 69 40 96 142 333 TOTAL LIABILITIES 249,638 14,773 80,830 6,873 13,847 19,346 12,048 32,672 8,135 3,966 10,245 15,040 31,863 CAPITAL ACCOUNTS Capital paid in 2,064 70 541 98 113 115 182 264 58 69 85 177 292 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 342 21 111 11 17 29 15 47 10 8 12 13 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 254,091 14,932 82,023 7,079 14,090 19,604 12,426 33,244 8,261 4,106 10,427 15,405 32,494 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 253,853 15,859 76,035 8,723 14,881 21,505 12,608 32,011 8,967 3,957 10,929 15,712 32,666 Less-Held by F.R. Banks 46,329 3,274 6,014 3,749 2,567 4,966 4,653 2,947 2,107 970 2,718 3,765 8,599 F.R. notes, net 207,524 1122,,558855 7700,,002211 44,,997744 1122,,331144 1166,,553399 77,,995555 2299,,006644 66,,886600 22,,998877 88,,221111 1111,,994477 24,067 Collateral held against F.R. notes; Gold certificate account 11,065 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 191,441 Total collateral 207,524 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