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 f*5fSI*V 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 April 14, 1988 1 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddeedd | Ch~~a~~n~~g e from week ended J Wednesday AApprriill 1133,, 119988EE April 6, 1988 [April 15, 1987 April n. 1988 Reserve Bank credit: 12 247,356 1 + 2,785 ~ + 20,113 247,638 U.S. government securities- Bought outright—system account 220,510 + 3,873 + 19,211 220,408 Held under repurchase agreements — — 698 445 Federal agency obligations- i Bought outright 7,382 — 17 332 7,379 Held under repurchase agreements — — 77 148 Acceptances- Bought outright — — """* Held under repurchase agreements — — — _— Loans to depository institutions 3,565 + 396 + 2,872 3,838 Includes: seasonal borrowing of 117 + * + 10 120 extended credit of 3,398 + 655 + 3,148 3,673 Float 558 - 1,194 + 334 427 Other F.R. assets 15,341 + 502 1,379 15,586 Gold stock 11,063 — 15 11,062 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,355 + 14 + 618 18,367 Total factors supplying reserve funds 281,792 + 2,799 + 20,716 | 282,085 Currency in circulation* 228,897 + 1,337 + 18,787 229,243 Treasury cash holdings* 488 + 8 43 488 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,456 - 98 359 3,900 Foreign 245 - 23 1 + 43 239 Service-related balances and adjustments3 1,923 i - 16 395 1,673 Other 323 - 46 76 343 Other F.R. liabilities and capital 7,271 - 39 + 509 7,002 Total factors, other than reserve balances, absorbing reserve funds 242,603 + 1,123 + 18,466 242,888 Reserve balances with F.R. Banks4 39,189 + 1,677 + 2,250 39,198 On April 13,1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 226,764 million, a decrease of $ 1,473 million for the week. 1 Net of $ 4,197 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,197 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,368 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,368 million was with foreign official and international accounts. Includes $ 324 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,673 million and adjustments of $ 250 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 SANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday"" Wednesday April 13, 1988 April 6, 1988 April 15, 1987 ASSETS 1 Gold certificate account 11,063 15 Special Drawing Rights certificate account ] 5,018 — Coin 470 1 - 79 { Loans 3,838 535 + 3,374 Acceptances— Hald undar repurchase agraamants Fadaral agancy obligations- Bought outright 7,379 - 20 - 335 Held under repurchase agreements 1 — - 538 - 484 U.S. government securities: Bought outright—Bills 106,487 + 697 + 1,538 Notes 85,086 + 3,163 + 13,666 Bonds 28,835 + 518 + 2,386 Total bought outright2 220,408 + 4,378 + 17,590 Hald under repurchase agreements1 — 44,,888833 1,099 Total U.S. government securities 220,408 __ 550055 ++ 16,491 Total loans and securities 231,625 - 1,598 + 19,046 Cash items in process of collection (1.027) 6,626 - 1,091 - 1,006 Bank premises 718 - 1 + 43 Other assets 3 14.868 + 459 - 1.209 TOTAL ASSETS (1.027) 270,388 - 2,232 + 16,780 LIABILITIES Federal Reserve notes 211,834 723 18,037 Dfcposi s: Depository institutions 40,871 - 2,143 - 27 U.S. Treasury—general account 3,900 - 116 - 156 Foraign—official accounts 239 + 26 - 46 Other 343 + 29 - 214 Total deposits 45,353 - 2,204 - ZtfJ Deferred availability cash items (1.027) 6,199 - 512 - 1,139 Other liabilities and accrued dividends4 2,475 - 151 - 63 TOTAL LIABILITIES (U027) 265,861 2,144 + 16,392 CAPITAL ACCOUNTS Capital paid in 2,095 + 178 Surplus 2,047 + 174 Other capital accounts 385 87 + 36 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matchad sale-purchase transactions to foreign official and international accounta of which S -0- million was outstanding at the end of the lataat atatemant week. Net of $4,368 million matched sale-purchase transactions outstanding at the end of the lataat statement week. Includes !!> 324 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 $ 82 million In Treasury bills maturing within 00 days. Includes exchange-translation account reflecting the monthly revaluation at markat exchange ratas of foreign exchange co TV mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, April 13, 1988 Acceptances and securities held under repurchaae agreements ara ciaaaiflad aa maturing within 15 daya in accordance with maximum maturity of the agreements. U.S. government securities Federal agancy obligations LLooaannss AAccccaappttaannccaaaa Holdings IWeekly changes Holdings (Weekly changes Within 15 days 3,783 — 10,080 + 711 130 80 16 daya to 90 days 55 — 56,225 + 3,124 692 30 91 days to 1 year — — 63,749 - 2,515 1,779 •f 100 Over 1 year to 5 years — — 49,545 + 1,945 3,399 f 18 Over 5 years to 10 years — — 14,792 + 596 1,189 28 Over 10 years — --5555 2266,,001177 ++ 551177 119900 — Total 3,838 222200,,440088 ++ 44,,337788 77,,337799 20 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 April 13, 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 11.062 706 3,161 385 664 933 596 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 470 46 17 24 44 66 40 38 30 17 34 32 82 Loans 3,838 18 10 15 5 14 29 44 37 3,657 9 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7,379 455 2,374 223 443 623 328 856 213 111 293 438 1,022 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 106,487 6,568 34,260 3,222 6,387 8,998 4,729 12,349 3.075 1,601 4.229 6,317 14,752 Notes 85,086 5.247 27,375 2,575 5,103 7,190 3.779 9,867 2,457 1,279 3,379 5,048 11,787 Bonds 28,835 1.779 9.277 873 1,730 2,436 1,281 3,343 833 433 1,145 1,711 3,994 Total bought outright 2 220,408 13,594 70.912 6,670 13,220 18,624 9,789 25,559 6,365 3,313 8,753 13,076 30,533 Held under repurchase agreements 1 — — — — — — — — — — -" — Total U.S. government securities 220.408 13.594 70,912 6,670 13,220 18,624 9,789 25,559 6,365 3,313 8,753 13,076 30,533 Total loans and securities 231,625 14,067 73,296 6,908 13,663 19,252 10,117 26,429 6,607 3,468 9,083 17,171 31,564 Items in process of collection 7,653 408 793 355 339 524 656 616 426 352 1,072 577 1,535 Bank premises 718 92 33 47 32 115 57 80 20 23 47 20 152 Other assets 3 14,869 551 3,517 491 704 820 853 4,184 352 304 492 905 1,696 Interdistrict settlement account 529 + 5,623 - 845 - 287 - 1,271 + 1,008 + 749 + 845 - 96 • 537 - 4,731 - 1,003 TOTAL ASSETS 271,415 15.655 87,929 7,527 15,473 20,900 13,530 34,135 8,791 4,303 12,043 14,950 36,179 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 $ 4,368 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 32* 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 $ 82 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 13, 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 211,834 12,639 71,277 5,089 13,107 16,874 8,004 28,948 6,920 3,072 9,479 11,787 24,638 Deposits: Depository institutions 40,871 2,322 9,678 1,820 1,659 3,100 4,355 3,649 1,210 670 1,222 2,100 9,086 U.S. Treasury-general account 3,900 3,900 Foreign—official accounts 239 5 129 7 8 9 13 19 4 5 6 13 21 Other 343 199 1 1 45 1 89 2 2 3 Total deposits 45,353 2,327 13,906 1,828 1,668 3,154 4,369 3,757 1,214 675 1,230 2,115 9,110 Deferred credit items 7,226 374 738 324 305 406 658 566 461 374 1,055 497 1,468 Other liabilities and accrued dividends 1 2,475 151 804 76 147 203 115 292 71 43 97 144 332 TOTAL LIABILITIES 266,888 15,491 86,725 7,317 15,227 20,637 13,146 33,563 8,666 4,164 11,861 14,543 35,548 CAPITAL ACCOUNTS Capital paid in 2,095 72 547 100 113 118 185 266 58 66 85 192 293 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 385 24 116 13 20 31 18 45 9 10 12 40 47 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 271,415 15,655 87,929 7,527 15,473 20,900 13,530 34,135 8,791 4,303 12,043 14,950 36,179 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 256,030 15,945 77,333 8,570 15,488 21,264 12,084 31,406 8,900 3,922 12,148 15,398 33,572 Less-Held by F.R. Banks 44,196 3,306 6,056 3,481 2,381 4,390 4,080 2,458 1,980 850 2,669 3,611 8,934 F R. notes, net 211,834 1122,,663399 7711,,227777 55,,008899 1133,,110077 1166,,887744 88,,000044 2288,,994488 66,,992200 33,,007722 99,,447799 1111,,778877 24,638 Collateral held against F.R. notes: Gold certificate account 11,062 Special Drawing Rights cert if. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 195,754 Total collateral 211,834 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