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 ^ss?rthe 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 18, 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 ** 11 Change from week ended Wednesday * FFeebb.. 1177,, 11998888 TeFI io, iy«8 _F eb. 18, 1987 Feb. 17, 1988 Reserve Bank credit:12 239,717 +""" 3,200 17,656 242,390 U.S. government securities- Bought outright—system account 212,608 - 119 + 17,892 217,534 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 7,402 — - 317 7,402 Held under repurchase agreements — —— — "*— Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 509 + 229 - 236 462 Includes: seasonal borrowing of 69 + 11 - 5 73 extended credit of 255 + 93 - 39 361 Float 3,902 + 3,163 + 3,037 2,804 Other F.R. assets 15,296 - 73 - 2,679 14,188 Gold stock 11,065 - 1 - 1 11,065 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,263 + 14 + 628 18,275 Total factors supplying reserve funds 274,063 + 3,213 + 18,323 276,748 Currency in circulation** 225,055 + 738 + 18,079 225,307 Treasury cash holdings** 436 — — 44 436 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,425 - 298 — 846 4,986 Foreign 230 + 3 - 18 243 Service-related balances and adjustments* 2,001 - 600 - 167 1,680 Other 321 + 27 - 52 314 Other F.R. liabilities and capital 8,193 +_ 1,347 + 1,950 6,874 Total factors, other than reserve balances, absorbing reserve funds 239,661 + 1,216 + 18,902 239,840 Reserve balances with F.R. Banks * 34,404 + 1,998 - 576 36,909 On February 17, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 216,053 million, an increase of $ ^88 million for the week. 1 Net of $ 7,319 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,726 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,394 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,394 million was with foreign official and international accounts. Includes $ 298 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1 >680 million and adjustments of $ 321 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (St. Louis District). ••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 17, 1988 February 10, 1988 February 18. 1987 ASSETS Gold certificate account 11,065 —*• + 6 Special Drawing Rights certificate account 5,018 «-*• Coin 503 + 9 ._ 78 Loans 462 + 126 + 16 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,402 317 Held under repurchase agreements1 U.S. government securities: Bought outright—Bills 107,294 + 10,163 + 5,596 Notes 81,923 «- 75 + 14,250 Bonds 28,317 + 75 + 2,393 Total bought outright2 217,534 + 10,163 + 22,239 Held under repurchase agreements1 — —- — Total U.S. government securities 217,534 + 10,163 + 22,239 Total loans and securities 225,398 + 10,289 + 21,938 Cash items in process of collection (1,495) 11,625 + 5,783 + 270 Bank premises 707 1 + 41 Other assets 3 13,481 1,476 2,711 TOTAL ASSETS (1,495) 267,797 + 14,604 + 19,466 LIABILITIES Federal Reserve notes Deposits: 207,970 + 446 + 17,273 Depository institutions 38,589 + 8,379 + 2,341 U.S. Treasury—general account - 4,986 + 2,141 _ 384 Foreign—official accounts 243 _ 27 + 21 Other (29) 314 — - 165 Total deposits (29) 44,132 + 10,493 + 1,813 O De th fe e r r r e li d a b a i v li a ti i e la s b a il n it d y a c c a c s r h u e it d e m di s v idends4 (1,466) 8 2, , 4 8 3 2 4 1 + + 3,66 1 6 2 - m f m 4 4 1 0 8 9 TOTAL LIABILITIES (1,495) 263,357 + 14,617 + 19,095 CAPITAL ACCOUNTS Capital paid in 2,066 + 2 + 172 Surplus 2,047 + 174 Other capital accounts 327 - US -± 25 • Figures In parentheses are the eliminations made in the consolidating process. 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 $ 2,087mlllion was outstanding at the %r\6 of the latest statement week. 2 Net of $ 2,394miilion matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 298 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 $ 78 million in Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. ** St. Louis Estimated MATURITY DISTRIBUTION OF LOANS AND SECURITIES, February 17, 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 [Weekly changes Within 15 days 443 14,687 + 6,575 289 289 16 days to 90 days 19 52,430 + 9,221 737 279 91 days to 1 year 63,139 5,834 1,562 10 Over 1 year to 5 years 47,583 963 3,298 Over 5 years to 10 years 14,196 837 1,327 Over 10 years 25,499 + 75 189 Total 462 217,534 + 10,163 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 17, 1988 Millions of dollars * Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Gold certificate A ac S c S o E u T n S t 11,065 706 3,164 385 664 933 596 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 503 41 20 28 34 76 55 41 34 16 33 36 89 Loans 462 12 15 8 1 3 30 8 39 339 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 107,294 6,618 34,520 3.247 6.435 9.066 4.765 12,442 3,099 1,613 4,261 6,365 14,863 Notes 81,923 5,053 26,358 2.479 4.914 6.922 3.638 9,500 2,366 1,231 3,253 4,860 11,349 Bonds 28,317 1,746 9,110 857 1,698 2,393 1,258 3,284 817 426 1,125 1,680 3,923 Total bought outright 2 217,534 13,417 69.988 6,583 13,047 18.381 9,661 25,226 6,282 3,270 8,639 12,905 30,135 HHeellttii uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 — — — — — — — — — — — — — TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 217,534 13-417 69,988 6.583 13,047 18.381 9,661 25,226 6,282 3,270 8,639 12,905 30,135 Total loans and securities 225,398 13,886 72,369 6,822 13.491 19,015 9,991 26,087 6,526 3,389 8,972 13,683 31,167 Items in process of collection 13,120 877 1,764 562 637 1,002 1,402 1,287 609 645 1,767 1,166 1,402 Bank premises 707 92 33 46 32 111 57 74 20 23 47 20 152 Other assets 3 13,481 462 3.010 449 608 692 781 4,011 314 385 435 810 1,524 Interdistrict settlement account -=Q=_ - 485 . t 7.371 - 918 - 1.313 -1.726 - 226 +1.347 + 612 - 278 - 780 - 1,615 - 1,989 TOTAL ASSETS 269,292 15,893 89.220 7,536 14,467 20.564 12,859 34,886 8,626 4,415 11,252 15,076 34,498 * Estimated (St. Louis District) 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 $ 2,087million was outstanding at the end of the latest statement week. 2 Net of $ 2,394 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 298 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 $ 78 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 17, 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 207,970 12,682 70,301 5,005 12,278 16,516 7,865 29,139 6,829 2,975 8,210 11,931 24,239 Deposits: Depository institutions 38,589 2,355 10,291 1,743 1,265 2,823 3,612 3,837 1,082 649 1,065 1,925 7,942 U.S. Treasury—general account 4,986 — 4,986 — — — — — — — — — ~ Foreign—official accounts 243 5 133 7 8 9 13 19 4 5 6 13 21 Other 343 1 187 2 3 21 5 115 — — 4 3 2 Tqtal deposits 44,161 2,361 15,597 1,752 1,276 2,853 3,630 3,971 1,086 654 1,075 1,941 7,965 Deferred credit items 10,287 545 1,329 499 526 742 877 925 512 605 1,691 693 1,343 Other liabilities and accrued dividends 1 2,434 147 805 75 142 198 no 284 75 39 95 138 326 TOTAL LIABILITIES 264,852 15,735 88,032 7,331 14,222 20,309 12,482 34,319 8,502 4,273 11,071 14,703 33,873 CAPITAL ACCOUNTS Capital paid in 2,066 70 543 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 327 20 104 10 19 26 14 42 8 10 11 21 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 269,292 15,893 89,220 7,536 14,467 20,564 12,859 34,886 8,626 4,415 11,252 15,076 34,498 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 254,116 15,982 76,253 8,686 14,875 21,568 12,478 32,066 8,960 3,943 10,910 15,657 32,738 Less-Held by F.R. Banks 46,146 3,300 5,952 3,681 2,597 5,052 4,613 2,927 2,131 968 2,700 3,726 8,499 F.R. notes, net 207,970 12,682 70,301 5,005 12,278 16,516 7,865 29,139 6,829 2,975 8,210 11,931 24,239 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 191,887 Total collateral 207,970 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. •Estimated (St. Louis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis