H.4.1 Factors Affecting Reserve Balances of Depository Institutions

QL9OV/ FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when the information is avaiiabie, on (202) 452-3206. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks April 7, 1 L988 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 AApprriill 66,, 11998888 March 30, 1988 April 8, 1987 April 6, 1988 Reserve Bank credit: 1-2 244,557 + 3,989 ~ + 19,125 249,357 U.S. government securities- Bought outright—system account 216,637 + 1,312 + 18,920 216,030 Meld under repurchase agreements 698 + 698 1,076 4,883 Federal agency obligations- Bought, outright 7,399 — 318 7,399 Held under repurchase agreements 77 + 77 324 538 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 3,169 + 704 + 2,578 4,373 Includes: seasonal borrowing of 113 - 18 + 16 110 extended credit of 2,743 + 498 + 2,513 3,106 Float 1,744 + 1,243 + 1,075 1,006 Other F.R. assets 14,833 - 44 1,730 15,128 Gold stock 11,063 + 1 17 11,063 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,341 + 11 -1- 614 18,353 Total factors supplying reserve funds 278,979 + 4,001 + 19,722 283,791 Currency in circulation* 227,560 + 1,852 + 18,684 228,511 Treasury cash holdings* 480 + 3 45 482 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,554 + 986 369 4,016 Foreign 268 + 42 + 4 213 Service-related balances and adjustments 3 1,939 + 76 109 1,671 Other 369 - 114 62 314 Other F.R. liabilities and capital 7,310 + 96 + 519 7,241 Total factors, other than reserve balances, absorbing reserve funds 241,480 + 2,940 + 18,622 242,448 Reserve balances with F.R. Banks4 37,498 + 1,060 + 1,099 41,343 0n April 6, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 28 237 million, an increase of $ 2,788 million for the week. 2 1 Net of $ 4,200 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,200 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,818 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,818 million was with foreign official and international accounts. Includes $ 706 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,671 million and adjustments of $ 268 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 Changs since •• WWeeddnneessddaayy Wednesday Wednesday April 6, 1988 March 30, 1988 April 8, 1937 ASSETS Gold certificate account 11 ,.063 — - 17 Special Drawing Rights certificate account 5,018 — — Coin 471 - 18 - 8f Loans 4,373 + 2,239 + 2,78! Acceptances- — — _... Held under repurchase agreements Federal agency obligations- Bought outright 7,399 — - 315 Held under repurchase agreements1 538 + 538 - 98^ U.S. government securities: Bought outright—Bills 105,790 + 870 + 4,662 Notes 81,923 — + 12,286 Bonds 28,317 + 2,162 Total bought outright2 216,030 + 870 + 19,110 Held under repurchase agreements1 4,883 + 4,883 _ 2,917 Total U.S. government securities 220,913 _ 5,753 +~1 6, If 3 Total loans and securities 233,223 + 8,530 + 17,6:5 Cash items in process of collection (1133) 7,717 + 1,723 + 1,273 Bank premises 719 -f 3 + <>9 Other assets 3 14,409 + 138 1,866 TOTAL ASSETS (1133) 272,620 + 10,376 +~1 7,029 LIABILITIES Federal Reserve notes 211,111 + 1,994 + 18,110 Deposits: 43,014 + 6,374 - 2,718 Depository institutions 4,016 + 826 + 485 U.S. Treasury—general account 213 + 6 + 37 Foreign—official accounts 314 _ 165 _ 46 Other 47,557 + 7,041 - 2,242 Total deposits (1133) 6,711 + 1,147 + (47 Deferred availability cash items 2,626 + 79 + 31 Other liabilities and accrued dividends4 (1133) 268,005 + 10,261 ~+~16 ,!:>46 TOTAL LIABILITIES CAPITAL ACCOUNTS 2,096 + 3 + 178 Capital paid in 1,047 + 174 Surplus 472 + 112 + 131 Other capital accounts 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 fore gn official and international accounts of which $ -o- million was outstanding at the end of the latest statement week. Net of $ 4,818 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 706 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 $ 74 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, April 6, 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 |W(>ekiy changes Within 15 days 4,326 9,369 _ 1,226 210 _ 175 16 days to 90 days 47 — 53,101 + 1,724 722 + 130 91 days to 1 year — — 66,264 + 333 1,679 + 45 Over 1 year to 5 years — 47,600 + 38 3,381 Over 5 years to 10 years — — 14,196 1,217 Over 10 years — 5555 2255,,550000 ++ 11 119900 — Total 4,373 221166,,003300 ++ 887700 77,,339999 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAI^IC OH April 6, 1988 Millions of dollars Kansas San Total Boston New York 1 Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,063 706 3,162 385 664 933 596 l;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 471 48 18 26 33 68 43 38 31 18 32 33 83 Loans 4,373 14 16 390 5 125 158 27 41 39 3,093 465 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7,399 456 2,380 224 444 625 329 858 214 111 294 439 1,025 Held under repurchase agreements 1 538 538 U.S. government securities: Bought outright-Bills 105,790 6,525 34,036 3,201 6,345 8,939 4,698 12,268 3,055 1,590 4,202 6,276 14,655 Notes 81,923 5,053 26,358 2,479 4,914 6,922 Mil « 2-3fi '•m I'M m.. l\:tt'i Bonds 28.317 1,746 9,110 857 1.698 2,393 Total bought outright 2 216,030 13,324 69,504 6,537 12,957 18,254 9,594 25,052 6,239 3,247 8,579 12,816 29,927 Held under repurchase agreements 1 —- 4,883 4,883 Total U.S. government securities 220,913 13,324 74,387 6,537 12,957 18,254 9,594 25,052 6,239 3,247 8,579 12,816 29,927 Total loans and securities 233,223 13,794 77,305 6,777 13,791 18,884 10,048 26,068 6,480 3,399 8,912 16,348 31,417 Items in process of collection 8,850 528 985 425 302 689 891 633 477 402 1,138 732 1,648 Bank premises 719 93 33 47 32 115 57 80 20 23 47 20 152 Other assets 3 14,409 514 3,466 473 665 786 826 4,107 332 295 470 864 1,611 Interdistrict settlement account - 162 + 1,128 - 501 + 71 - 957 + 1,790 + 1,149 + 937 + 302 + 915 - 3.147 - 1,525 TOTAL ASSETS 273,753 15,835 87,586 7,794 15,872 20,979 14,454 34,114 8,788 4,674 12,292 15,826 35,539 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 $ 4,818 million matched sale-purchase transactions outstanding at the end of the iatest statement week. Includes $ 706 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 $ 74 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 April 6, 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 211,111 12,624 70,484 5,071 13,107 16.967 8,056 28,857 6,955 3,063 9,520 11,804 24,603 Deposits: Depository institutions 43,014 2,490 9,815 2,033 2,038 2,921 5,169 3,661 1,187 1,016 1,347 2,934 8,403 U.S. Treasury- genera! recount 4,016 — 4,016 — — — — — — — — — — Foreign—official accounts 213 £ 103 7 8 9 13 19 4 5 6 13 21 .'Jiher 331144 117722 1 1 4466 22 8855 33 22 2 Total deposits 4477 ,,""555577"" "" TT,,44~~9955~~~~ ~~TT44TTiiOO~~66~~ 2,041 2,047 22,,997766 55,,118844 33,,776655 ""~~ll77ll99ll ll~~0022ll 11,,335566 22,,994499 8,426 Deferred credit items 7,844 396 835 391 320 561 709 610 442 402 1,132 516 1,530 Other liabilities and accrued d'vidends 1 2,626 154 936 78 147 208 112 297 72 42 98 145 337 TOTAL LIABILITIES 269,138 15,669 8ft,361 7,581 15,621 20,712 14,061 33,529 8,660 4,528 12,106 15,414 34,896 CAPITAL ACCOUNTS Capital paid in 2,096 72 54 7 100 113 118 184 266 58 69 85 191 293 Surplus 2,047 68 54 i 97 113 114 181 261 58 63 85 175 291 Other capital accounts 472 26 137 16 25 35 28 58 12 14 16 46 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 273,753 15,835 87,586 7,794 15,872 20,979 14,454 34,114 8,788 4,674 12,292 15,826 35,539 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 255,236 15,884 76,734 8,572 15,337 21,321 12,231 31,258 8,926 3,925 11,984 15,447 33,617 Less-Held by F.R. Banks 44,125 3,260 66,,223300 33,,550011 22,,223300 44,,335544 4,175 2,401 1,971 862 2,464 3,643 9,014 FR. notes, net 211,111 12,624 770077448844 "" 55"",, 007711 1133,,110077 1166,,996677 8,056 28,857 6,955 3,063 9,520 11,804 24,603 Collateral held against F.R. notes: Gold certificate account 11,063 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 195,030 Total collateral 211,111 1 Includes exchange translation account reflecting the monthly revaluation at markei exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis