H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.'&£&& data are scheduled for release each Thursday. The exact time of each release will be announced, when WRT^ Information is avaiiable, on (202) 452-3206. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks April 21. IS 88 Averages of daily figures (millions of dollars) 0A«Arv*% halanr#»§ nf deoositorv institutions at F R Banks. 1 Reserve Sank credit, and related items ~~"" WWeeeekk eennddeedd Change from week ended Wednesday . Apxil JJl*_I2fiflL April 22. 1987 April 20, 1988 Reserve Bank credit: *.* 247,810 ! 4- 454 4- 15,745 253,098 U.S. government securities- Bought outright—system account j 220,470 - 40 4 17,935 219,974 Held under repurchase agreements 793 4- 793 1,065 5,550 Federal agency obligations— | Bought outfight 7,365 ~ 17 336 7,279 Held under repurchase agreements 120 + 120 374 843 Acceptances— Bought outright — — —- — Held under repurchase agreements — -~ — —- Loans to depository institutions 3,672 4- 107 + 2,453 3,602 Includes: seasonal borrowing of : 130 + 13 + 17 138 mtmd®6 credit of 3,15? — 241 + 2,873 1,553 Float 103 - 661 ~ 1,615 208 Other-F.R. assets 15,492 4 151 - 1,254 15,642 Gold stock 11,063 — 15 11,063 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,369 4 14 4- 623 18,381 Total factors supplying reserve funds "282,260 + 468" ' 4- 16,352 287,560 Currency in circulation* 228,766 - 131 4 18,486 228,556 Treasury cash holdings* 487 _ I 47 484 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,662 + 206 1,096 5,319 Foreign 261 4- 16 9 204 Service-related balances and adjustments» 2,311 4- 389 + 270 1,675 Other 366 •f 43 1 - 85 398 Otfter F.R. liabilities and capital ___Z±21i!L. !__ 4 • _j?j 1 4 336 7,401 "o-.si factors, other than reserve balances, /^ofbing reserve- funds 243,207 I 4- 805 | 4- 17,855 244,037 P*fi* <%*? attends with F.R. Banks * 39 G54> 136 1 - 1,502 43,523 S .*; 11 V* - 198B , marketable U.S. government securities held In custody by the Federal Reserve Banks for foreign official *r« •Mer.'iattona! accounts were $229,118 million, an increase of $ 2,354 million for the week. * ' * ^f 'i a % v; million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a ne! of $ 4 '324 million was with foreign official and International accounts, includes securities loaned—folly secured by U.S. government securities, £ Nei ©f $ 4 844 million matched sale-purchase transactions outstanding at the end of ih@ latest statement week, of which a net of » 4.844 million was with foreign official md International accounts, includes $ 370 million securities loaned—fully secured U S. government securities, 3 Consists of required clearing balances of $ x 675 million and adjustments of $ 636 million to compensate for float. 4 Excludes mq^®$ 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 RESEftVE SANKS Millions of dollars Change since • Wednesday April 20, 1988 April 13, 1988 April 22, 1987 ASSETS Gold certificate account 11,063 15 Special Drawing Rights certificate account 5,018 Coin 459 11 78 Loans 3,602 236 2,025 Acceptances- — Held under repurchase agreements Federal agency obligations- Bought outright 7,279 100 404 Held under repurchase agreements'! 843 843 1,502 U.S. government securities: i Bought outright—Bills 106,053 434 + 1,888 Notes 85,086 + 13,666 Bonds 28,835 + 2,386 Total bought outright? 219,974 434 + 17,940 Held under repurchase agreements1 5,550 + 5,550 2,394 Total U.S. government securities 225,524 + 5,116 + 15,546 Total loans and securities 237,248 + 5,623 + 11,615 Items in process of collection (1. 128) 7,560 + 934 + 752 Bank premises 719 + 1 + 44 Other assets 3 14,923 + 55 1,490 TOTAL ASSETS (1, 128) 276,990 + 6,602 10,828 LIABILITIES Federal Reserve notes 211,118 716 17,627 Deposits: Depository institutions 45,198 + 4,327 . 3,348 U.S. Treasury—general account 5,319 + 1,419 - 4,112 Foreign—official accounts 204 - 35 - 21 Other -398 + 55 - 124 Total deposits 51,119 + 5,766 - 7,605 Deferred credit items (1 • 128) 7,352 + 1,153 + 442 Other liabilities and accrued dividends4 2,871 + 396 - 18 TOTAL LIABILITIES (1 ,128) 272,460 + 6,599 + 10,446 CAPITAL ACCOUNTS Capital paid in 2,095 __ + 175 Surplus 2,047 — + 174 Other capital accounts 388 + 3 + 33 Figures In parentheses are the eliminations made In the consolidating process. Does not include U.S. government and federal agency securities reeoid under matched sale-purchase transactions to foreign official and international accounts of which $ -0- million was outstanding at the end of the latest atatement week. Net of $ 4,844 million matched sale-purchase tranaaptione outstanding at the fid of the latest statement week, includes $ 370 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 $ 90 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 20, 1988 Acceptances and securities held under repurchaee agreements are classified aa maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdinga |Weekly changes WWiitthhiinn 1155 ddaayy** 3,585 — 12,516 + 2,436 1,003 + 873 1166 ddaayyss ttoo 9900 ddaayyss 17 — 56,038 - 187 562 130 91 days to 1 year < — — 66,472 + 2,723 1,869 + 90 Over 1 year to 5 years — — 49,480 - 65 3,309 90 Over 5 years to 10 years — — 15,001 + 209 1,189 — Over 10 years — ——^^55 2266,,001177 — 119900 — Total 1 3,602 222255,,552244 ++ 5,116 88,,112222 + 743 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 20, 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 11,063 680 3,313 389 655 917 584 1,394 368 168 490 676 1,429 Special Drawing Rights certif. acct. 5.018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 459 45 17 25 32 66 41 39 29 18 34 31 82 Loans 3,602 33 1,003 78 — 4 1 652 45 65 68 1,540 113 Acceptances held under repurchase agreements — — — — — — — — — — — — Federal agency obligations: Bought outright 7,279 442 2,488 206 420 565 339 884 214 104 274 408 935 Held under repurchase agreements 1 843 — 843 ~ _._ — — ~ — — — ~ — U.S. government securities: Bought outright-Bills 106,053 6,436 36,244 3,007 6,126 8,234 4.945 12,875 3,120 1,511 3,989 5,948 13,618 Notes 85,086 5,164 29,079 2,412 4,915 6,606 3,967 10,330 2,504 1,212 3,200 4,772 10,925 Bonds 28,835 1,750 9,854 817 1,666 2,239 1,345 3,501 848 411 1,085 1,617 3,702 Total bought outright 2 219,974 13,350 75,177 6,236 12,707 17,079 10,257 26,706 6,472 3,134 8,274 12,337 28,245 Held under repurchase agreements 1 5,550 — 5,550 — — — — — — — — — — Total U.S. government secut tties 225,524 13,350 80,727 6,236 12,707 17,079 10,257 26,706 6,472 3,134 8,274 12,337 28,245 Total loans and securities 237,248 13,825 85,061 6,520 13,127 17,648 10,597 28,242 6,731 3,303 8,616 14,285 29,293 Items in process of collection 8,688 504 912 378 273 581 696 657 713 389 1,134 896 1,555 Bank premises 719 93 33 47 32 115 57 80 20 23 47 20 152 Other assets 3 14,923 542 3,767 473 708 779 849 4,187 348 291 476 869 1,634 Interdistrict settlement account k -0- + 403 - 4,899 + 265 + 377 + 562 +1,494 - 238 + 759 + 269 +1,292 - 1,385 + 1,101 TOTAL ASSETS 278,118 16,406 89,693 8,259 15,518 21,129 14,521 35,017 9,128 4,527 12,305 15,699 35,916 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 $ 4,844 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 370 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 $ 90 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 20, 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 211,118 12,657 71,368 5,177 13,057 16,737 7,757 28,958 6,892 3,066 9,402 11,710 24,337 Deposits: Depository institutions 45,198 2,998 9,474 2,426 1.734 3,402 5,521 4,476 1,125 873 1,506 2,682 8,981 U.S. Treasury-general account 5.319 — 5,319 — ~ — — — — — — — — Foreign—official accounts 204 5 94 7 8 9 13 19 4 5 6 13 21 Other 398 1_ 245 1 1 44 2 97 — 1 2 2 2_ Total deposits 51,119 3,004 15,132 2,434 1,743 3,455 5,536 4,592 1,129 879 1,514 2,697 9,004 Deferred credit items 8,480 426 795 365 326 480 720 575 908 403 1,113 743 1,626 Other liabilities and accrued dividends 1 2,871 155 1,188 73 146 195 123 317 73 42 95 142 322 TOTAL LIABILITIES 273,588 16,242 88,483 8,049 15,272 20,867 14,136 34,442 9,002 4,390 12,124 15,292 35,289 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 388 24 122 13 20 30 19 48 10 8 11 40 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 278,118 16,406 89,693 8,259 15,518 21,129 14,521 35,017 9,128 4.527 12,305 15,699 35,916 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 256,471 15,992 77,645 8,685 15,488 21,310 11.892 31,458 8,920 3,912 12,129 15,415 33,625 Less-Held by F.R. Banks 45,353 3,335 6,277 3,508 2,431 4,573 4,135 2,500 2,028 846 2,727 3,705 9,288 F.R. notes, net 211,118 12,657 71,368 5,177 13,057 16,737 7,757 28,958 6,892 3,066 9,402 11,710 24,337 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 195,037 Total collateral 211,118 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