H.4.1 Factors Affecting Reserve Balances of Depository Institutions

• OQICOVA 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, 4LR£ w-- H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks March 17, 1988 Reserve balances of depository institutions at F.R Banks, Averages of daily figures (millions of dollars) Reserve Bank credit, and related items Week ended Change from week ended Wednesday harch 16, 19881 March 9, 1988 March 18, 198 March 16, 1988 Reserve Bank credit: 1>* 240,655 19,369" 241,227 U.S. government securities- Bought outright—system account 216,630 1,411 21,242 215,680 Held under repurchase agreements 349 Federal agency obligations- Bought outright 7,402 317 7,402 Held under repurchase agreements 99 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 1,311 + 621 + 809 2,967 Includes: seasonal borrowing of 118 + 12 + 32 118 extended credit of 1,158 + + 884 2,816 Float 406 217 + 22 488 Other F.R. assets 14,906 624. 1,939 14,690 Gold stock 11,063 20 11,063 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 18,310 10 622 18,319 Total factors supplying reserve funds 275,046 2,449 19,970 275,627 Currency in circulation* 225,635 + 836 17,952 225,934 Treasury cash holdings* 467 + 7 33 470 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,309 + 358 4- 54 3,221 Foreign 249 + 35 + 41 265 Service-related balances and adjustments * 1,823 141 322 1,654 other 380 + 45 88 524 Other F.R. liabilities and capital 7,114 + 68 766 6,932 Total factors, other than reserve balances, absorbing reserve funds 238,977 1,209 18,370 239,000 Reserve balances with F.R. Banks * 36,071 1,242 1,603 36,627 On" and , frch 16, 1988 . marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official 1 ^ " e.rnatlonal accounts were $227,000 million, an increase of $ 2»311 million for the week. of $ 3,680 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which net of $ 3,680 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. 2 9°vernrnent securities. $6tf'A^*636 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of »b36 million was with foreign official and international accounts. Includes $ 571 million securities loaned—fully secured 3 U.S. government securities. * Brei H °f required clearing balances of $ l ,654 million and adjustments of $ 169 million to compensate for float, xciudes 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 MMaarrcchh 1166,, 11998888 March 9, 1988 March 18, 1987 ASSETS 1 Gold certificate account 11,063 21 Special Drawing Rights certificate account 5,018 Coin 512 '+ • 2 67 Loans 2,967 + 819 +. , 2,547 Acceptances- Held under repurchase agreements Federal aaencv obllaatlona— Bought outright 7,402 _ 317 Held under repurchase agreements' - 107 U.S. government securities: Bought outright—Bills 105, 440 2,097 + 4,855 Notes 81 923 + 14,250 Bonds 28 • 317 + 2,393 He T ld o t u a n l d b e o r u r g e h p t u o rc u h tr a i s g e h t a ? g reements1 215 ,680 2,097 21,498 _ 231 Total U.S. government securities 215 ,680 + - 2,097 + 21,267 Total loans and securities + 2,916 + 23,390 Cash items in process of collection U. 132) 7,151 + 510 + 407 Bank premises 777111333___ -" 2 + 39 Other assets3 TOTAL ASSETS 111333,,,999777777 + 211 - 2,434 (1 132) 222666444,,,444888333 + 3,637 + 21,314 LIABILITIES Federal Reserve notes 208,597 + 512 + 17,541 Deposits: Depository institutions 38,281 + 2,380 + 1,790 U.S. Treasury—general account 3,221 - 79 + 784 Foreign—official accounts 265 - 2 + 75 Other 524 + 195 + 26 Total deposits 42,291 + 2,494 + 1^75 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 .132) 6 2 , , 6 4 6 35 3 + - 65 3 1 8 + + 3 4 0 1 6 0 TOTAL LIABILITIES <! .132) 259,986 + 3,619 + 10,932 CAPITAL ACCOUNTS Capital paid in 2,085 + 172 Surplus 2,047 + 173 Other capital accounts 365 16 + 37 Figures In parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched saie-Durch*** t* and international accounts of which $ -0- million was outstanding at the end of the latest atatemaM *1Ctl°nS l° fort,fln 0,fic,al Net of $ 4,636 million matched sale-purchase transactions outstanding at the end of the latest atatJm ****** million securities loaned—fully secured by U.S. government securities. wement week. Includes $ 571 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates Inciuru. at Chicago of $ 86 million In Treasury bills maturing within 90 days. w »P«cial Investment account includes exchange-translation account reflecting the monthly revaluation at market exchange rate* M I^-I mitments. 0fBlQn change com- MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 16, 1988 Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in ******* maturity of the agreements. «cordance with maximum U.S. government securities Loans Acceptances Holdings jWeeWy changes Within 15 days 2,950 11.3 00 + 2.976 15 days to 90 days 17 54, 147 + 2,442 91 days to 1 year — 62, 976 3,321 1.634 Over 1 year to 5 years — 46, 562 3.406 Over 5 years to 10 years — 14, 196 1.217 160 Over 10 years — 25, 499 _ 189 110 Total 2,967 215.680 2,097 T7402 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 fh) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H«r«h 16, 1988 Mtlhons of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louts Minneapolis City Dallas Francisco ASSE TS Gold certificate account 11,063 706 3.162 385' 664 933 596 1.383 351 169 562 669 1,483 Special Drawing Rights eertif. acct. 5,018 314 1,489 162 314 46f 203 656 160 66 216 307 670 Com 512 47 19 29 37 78 50 41 33 17 33 38 90 loans J.967 16 — 30 — 5 3 10 32 25 46 2.792 8 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 103.460 6.503 33,924 3.191 6.324 8,910 4,683 12.227 3.045 1,585 4,187 6.255 14,606 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 1.747 9,110 S57 1.698 2,392 1,257 3,284 818 426 1,125 1,680 3,923 Total bought outright 2 215.680 13.303 69,392 6.527 12,936 18,224 9,578 26.011 6,229 3,242 8,565 12,795 29,878 Held under repurchase agreements 1 — « — — ~ — „ — — Total U.S. government securities i 215.680 13,303 69.392 6.527 12,936 18,224 97578 26,011 67221 JT242 8,565 12,795 29,878 Total loans and securities 226,049 13,776 71,773 6,781 13,380 18,855 9,910 25,879 6.475 3,378 8,905 16,026 30,911 Items in process ot collection 8,283 547 1,112 367 327 508 631 658 466 382 993 546 1,751 Bank premises 713 92 33 47 32 114 55 78 20 23 47 • 20 152 Other assets 3 13.977 495 3.199 457 647 739 860 4,102 322 264 455 853 1,564 Interdistrict settlement account -0- - 422 + 6,576 - 861 - 690 - 872 + 813 + 187 + 657 + 27 + 533 -3,305 - 2,6/13 TOTAL'ASSETS 265,615 15,555 87,363 7,362 14,711 20,816 13,118 32,984 8,484 4,346 11.744 15,154 33.978 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. ? Net of $ 4,636 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 571 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 $ 86 million in Treasury Bills maturing within 90 dayi Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.t (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Marth 16. 1988 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a ci n s co LIABILITIES Federal Reserve notes 208,597 12.537 70,373 4,948 12.582 16,682 7.690 28,744 6,867 3,041 9.245 11,827 24.061 Deposits: Depository institutions 38.281 2,271 10,363 1,780 1.383 3.149 4.181 2,647 986 725 1.128 2,252 7.416 U.S. Treasury-general account 3.221 3,221 Foreign—official accounts 265 5 155 7 8 9 13 19 4 5 6 13 21 Oth T e o r t al deposits 42,2 5 9 2 1 4 2,276 „ 372_ 1,788 1 ~ T.391 " "371 3 9 5 3 _ "4,195 t 2,7 1 7 0 5 9 """"990" ™730- 1,136 2 _ 2,268 3 7,438 1 _ Oeferred credit items 7,795 428 919 342 348 480 740 603 431 394 1,077 523 1.510 Other liabilities and accrued dividendsf 2.435 150 765 76 144 204 109 292 71 38 104, 142 340 TOTAL LIABILITIES 261.118 15,391 86.168 7.154 14,465 20,559" 12.734 32.414 8.359 4,203' 11,562" 14,760 33,349 CAPITAL ACCOUNTS Capital paid in 2,085 72 544 99 113 116 185 265 58 69 85 187 292 Surplus 2.047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 365 24 110 12 20 27 18 44 9 II 12 32 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 265.615 15,555 87,363 7,362 14,711 20,816 13,118 32,984 8,484 4.346 11.744 15,154 33,978 FEDERAL RESERVE AGENTS' ACCOUNTS f.R. notes outstanding / 255,133 / 15,946 76,824 8,604 14,994 21,596 12.231 3L590 8,943 3,955 11,896 15,491 33.063 Less-Held by F.R.Banks 46.536 3,409 6.451 3.656 2.412 4,914 4.541 2,846 2,076 914 2,651 3.664 9[, 002 F.R. rtbtes, net r~20'87'597 1122,,553377 7700..337733 44,,994488 1122,,558822 1166,,668822 77..669900 2288,,774444 66,,886677 33,,004411 99,,224455 1111,,882277 24,061 Collateral held against F.R. notes: Gold certificate account 11,063 Special Drawing Rights cert if. ace 1 5.018 Other eligible assets -0- U.S. govt, and agency securities 192,516 Total collateral 208,597 1 J 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