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^^^?-' 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 28, 1988 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items Week ended Change from week ended Wednesday lApril 27, 198£| kpr-M 20, 198flAprn 29. 198Z .April 27, 1988 Reserve Bank credit: 12 247,374 447 + 13,510 251,090 U.S. government securities- Bought outright—system account 221,497 1,027 + 16,227 222,947 Held under repurchase agreements 281 512 2,107 1,968 Federal agency obligations- Bought outright 7,279 86 404 7,279 Held under repurchase agreements 62 58 629 436 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 2,034 - 1,638 + 1,236 2,276 Includes: seasonal borrowing of 166 + 36 + 19 183 extended credit of 1,734 - 1,423 + 1,399 1,936 Float 575 + 662 + 623 239 Other F.R. assets 15,645 + 158 1,437 15,945 Gold stock 11,063 13 11,063 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 18,383 14 627 18,395 Total factors supplying reserve funds 281,838 433 + 14,124 285,566 Currency in circulation** 228,031 735 + 18,413 228,258 Treasury cash holdings* 483 4 48 477 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,383 721 8,929 11,343 Foreign Service-related balances and adjustments 3 236 25 118 236 1,935 376 58 1,679 Other 402 36 + 12 398 Other F.R. liabilities and capital 7,307 47 + 264 7,188 Total factors, other than reserve balances, absorbing reserve funds 242,777 430 9,536 249,579 Reserve balances with F.R. Banks 4 39,061 4,587 35,987 On April 27, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 226,656 million, an decrease of $ 2,462 million for the week. 1 Net of $ 4,240 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,240 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,046 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,046 million was with foreign official and international accounts. Includes $ 537 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,679 million and adjustments of $ 256 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 RANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday" Wednesday April 27, 1988 April 20, 1988 April 29, 1987 ASSETS | Qold certificate account 11,063 14 Special Drawing Rights certificate account 5,018 — Coin 451 8 72 Loans 2,276 1,326 + 1,180 Acceptances— Held under repurchase agreements Federal agency obligations— Bought outright 7,279 — - 404 Held under repurchase agreements'! 436 - 407 - 2,317 U.S. government securities: Bought outright—Bills 105,970 _ 83 + 1,434 Notes 87,684 + 2,598 + 14,306 Bonds 29,293 + 458 + 2,617 Total bought outright^ 222,947 + 2,973 + 18,357 Held under repurchase agreements 1 1,968 - 3,582 - 7,266 Total U.S. government securities 224;915 - 609 + 11,091 Total loans and securities 234,906 - 2,342 + 9,550 Items in process of collection (1,094) 6,813 - 747 - 226 Bank premises 717 - 2 + 42 Other assets 3 15,228 + 305 - 1,600 TOTAL ASSETS (1,094) 274,196 - 2,794 + 7,680 LIABILITIES Federal Reserve notes 210,791 327 + 17,604 Deposits: Depository institutions 37,666 - 7,532 + 4,683 U.S. Treasury—general account 11,343 + 6,024 - 14,459 Foreign—official accounts 236 + 32 _. 268 Other 339988 — —— 129 Total deposits 4499,,664433 —— 1,476 10,173 Deferred credit items Other liabilities and accrued dividends4 (1,094) 6,574 - 778 •f 226 2,671 - 200 .. 353 TOTAL LIABILITIES (1,094) 269,679 - 2,781 + 7,304 CAPITAL ACCOUNTS Capital paid in 2,096 + 1 + 175 Surpius 2,047 — + 174 Other capital accounts 374 - . 14 + 27 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 foreign official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 4,240 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 537 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, 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 (Weekly changes __ - - Within 15 days 2,252 12,283 233 577 426 18 days to 90 days 24 — 52,676 _ 3,362 659 + 97 91 days to 1 year — — 66,873 + 401 1,837 - 32 Over 1 year to 5 years — . — . 51,196 + 1,716 3,292 - 17 Over 5 years to 10 years — — 15,422 + 421 1,161 - 28 Over 10 years — 2266,,446655 ++ 444488 118899 -- 1 --^^TT Total 2,276 222244,,991155 660099 77,,771155 407 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 27, 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 c n is co ASSETS Gold certificate account 11,063 680 3,313 389 655 917 584 1,394 368 168 490 676 1,429 Special Drawing R ghts certif. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 451 43 17 25 32 64 40 40 27 18 33 30 82 Loans 2,276 31 3 37 — 7 — 33 83 55 73 1,922 32 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 1 436 — 436 — — — — — -*•" __ U.S. government securities: Bought outright—Bills 105,970 6,431 36,216 3,004 6,122 8,228 4,941 12,865 3,118 1,509 3,986 5,943 13,607 Notes 87,684 5,322 29,966 2,486 5,065 6,808 4,089 10,645 2,580 1,249 3,298 4,918 11,258 Bonds 29,293 1,778 10,011 830 1,692 2,274 1,366 3,556 862 418 1,102 1,643 3,761 Total bought outright 2 222,947 13,531 76,193 * 6,320 12,879 17,310 10,396 27,066 6,560 3,176 8,386 12,504 28,626 Held under repurchase agreements 1 1,968 — 1,968 — — — — — — — — — — Total U.S. government securities 224,915 13,531 78,161 6,320 12,879 17,310 10,396 27,066 6,560 3,176 8,386 12,504 28,626 Total loans and securities 234,906 14,004 81,088 6,563 13,299 17,882 10,735 27,983 6,857 3,335 8,733 14,834 29,593 Items in process of collection 7,907 403 802 379 295 474 614 551 715 360 1,076 742 1,496 Bank premises 717 92 33 47 32 114 57 80 20 23 47 20 152 Other assets 3 15,228 568 3,837 486 703 810 866 4,226 358 300 492 902 1,680 Interdistrict settlement account -0- -911 +3,959 -63 -320 +47 +992 -1,164 +418 -7 +750 -2,734 -967 TOTAL ASSETS 275,290 15,193 94,538 7,988 15,010 20,769 14,091 33,766 8,923 4,263 11,837 14,777 34,135 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 $ 5,046 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 537 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 27, 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 210,791 12,520 71,176 5,232 12,919 16,700 8,075 28,841 6,859 3,113 9,403 11,605 24,348 Deposits: Depository institutions 37,666 1,994 8,717 2,110 1,402 3,136 4,883 3,397 1,054 591 1,083 1,896 7,403 U.S. Treasury—general account 11,343 — 11,343 — — — — — — — — — — Foreign—official accounts 236 5 126 7 8 9 13 19 4 5 6 13 21 Other 398 — 243 1 1 42 2 102 — — 3 3 1 Total deposits 49,643 1,999 20,429 2,118 1,411 3,187 4,898 3,518 1,058 596 1,092 1,912 7,425 Deferred credit items 7,668 365 700 358 291 431 612 524 810 377 1,068 717 1,415 Other liabilities and accrued dividends 1 2,671 149 1,025 71 144 192 121 308 71 40 94 139 317 TOTAL LIABILITIES 270,773 15,033 93,330 7,779 14,765 20,510 13,706 33,191 8,798 • "4,126 11,657 14,373 33,505 CAPITAL ACCOUNTS Capital paid in 2,096 73 547 100 113 118 185 266 58 66 85 192 293 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 374 19 120 12 19 27 19 48 9 8 10 37 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 275,290 15,193 94,538 7,988 15,010 20,769 14,091 33,766 8,923 4,263 11,837 14,777 34,135 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 256,762 15,906 77,617 8,857 15,362 21,246 12,336 31,314 8,891 3,920 12,090 15,392 33,831 Less-Held by F.R. Banks 45,971 3,386 6,441 3,625 2,443 4,546 4,261 2,473 2,032 807 2,687 3,787 9,4b3 F.R. notes, net 210,791 12,520 71,176 5,232 12,919 16,700 8,075 28,841 6,859 3,113 9,403 11,605 24,348 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 194,710 Total collateral 210,791 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