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^TRES^ 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 Mav_12^ 1988 I Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddeedd 1 C——h——an ge from week ended Wednesday kkaayy 1111,, 11998888 [May 4, 1988 May n. 1987 Mav 11. 1988 Reserve Bank credit:12 253,688 - 2,525 1 +' 8,404 255,598 U.S. government securities- Bought outright—system account 223,466 + 422 + 17,415 223,071 Held under repurchase agreements ! 2,788 - 2,273 i - 7,356 4,864 # Federal agency obligations- Bought outright 7,279 — - 404 7,279 HeW under repurchase agreements 1,034 - 766 - 2,068 1,423 Acceptances- Bought outright — — — — Heid under repurchase agreements — — — Loans to depository institutions 2,080 - 334 + 1,312 1,942 Includes: seasonal borrowing of 239 + 23 + 57 247 extended credit of 1,731 - 108 + 1,461 1,587 Float 835 + 158 + 625 782 Other F.R. assets 16,206 + 268 - 1,121 16,237 Gold stock 11,063 _ 11 11,063 Special Drawing Rights certificate account 5,018 ,«.-. ! 5,018 Treasury currency outstanding 18,411 + 14 + 633 18,423 Total factors supplying reserve funds 288,180 - 2,511 + 9,026 290,102 Currency in circulation* 230,072 + 1,405 + 18,332 230,567 Treasury cash holdings* 481 + 2 _ 47 481 Deposits, other than reserve balances, with F.R. Banks: Treasury 13,152 - 942 ; _ 7,854 10,639 Foreign 279 + 57 _ 38 262 S#rvice-related balances and adjustments 3 1,944 + 72 _ 7 1,672 OOtthheerr 308 - 55 67 304 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 7,233 123 + 245 7,173 TToottaall ffaaccttoorrss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, aabbssoorrbbiinngg rreesseerrvvee ffuunnddss 253,469 + 415 + 10,564 251,098 Reserve balances with F.R. Banks4 '34,712 - 2,925 - 1,536 39,004 On May 11, 1988 . marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 229,897 million, an increase of $ 1,064 million for the week. 1 Net of $ 4,528 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,528 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,923 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,923 million was with foreign official and international accounts. Includes $ 640 million securities loaned—fully secured U.S. government securities. Consists of required clearing balances of $ 1 672 million and adjustments of $ 272 million to compensate for float. 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 MMaayy 1111,, 11998888 May 4, 1988 May 13, 1987 ASSETS Gold certificate account 11,063 11 Special Drawing Rights certificate account 5,018 Coin 439 1 77 Loans 1,942 272 + 1,191 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,279 - 404 Held under repurchase agreements 1 1,423 + 1,423 — 2,563 U.S. government securities: Bought outright—Bills 106,094 + 1,242 + 286 Notes 87,684 + 14,306 Bonds 29,293 + 2,617 Total bought outright? 223,071 + 1,242 + 17,209 Held under repurchase agreements1 4,864 + 4,864 - 4,791 Total U.S. government securities 227,935 + 6,106 + TTrZTTH Total loans and securities 238,579 + 7,257 + 10,642 Cash items in process of collection (913) 6,658 996 + 285 Bank premises 719 1 + 41 • Other assets 3 15,518 + 353 - 1,351 TOTAL ASSETS (913) 277,994 + 6,612 + 9,529 LIABILITIES Federal Reserve notes 213,064 1,163 + 17,738 De x>sits: Depository institutions 40,676 + 5 ,309 + 788 U.S. Treasury—general account 10,639 + 957 - 9,275 Foreign—official accounts 262 + 29 4 4 Other 304 - 29 - 90 Total deposits 51,881 + 6 ,266 - 8,573 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 (913) 5 2 , , 8 6 7 33 6 + - 1 ,0 1 5 6 0 3 + - 1 10 3 9 3 TOTAL LIABILITIES (913) 273,454 + 6 ,542 + 9,141 CAPITAL ACCOUNTS Capital paid in 2,098 + 2 + 180 Surplus 2,047 + 174 Other capital accounts 395 + 68 + 34 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 $ 4,923 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 640 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 $ 95 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, May 11, 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 (Weekly changes Within 15 days 1,812 — 19,566 + 5,238 1,482 + 1,471 16 days to 90 days 130 — 50,949 + 3,438 736 " 47 91 days to 1 year — — 63,659 - 2,571 1,843 — Over 1 year to 5 years — — 51,873 — 3,291 •- 1 Over 5 years to 10 years — — 15,422 •""" 1,161 OOvveerr 1100 yyeeaarrss — --5555 2266,,446666 11 118899 ""~* TToottaall 1,942 222277,,993355 ++ 66,,110066 88,,770022 ++ 1,423 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 May 11, 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 Rights cert if. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 439 42 18 22 31 62 41 37 27 17 33 31 78 Loans 1.942 31 — 22 3 10 — 42 112 63 52 1,576 31 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 * 1,423 ™ 1,423 — ~ — — — ,— — — — U.S. government securities: Bought outright—Bills 106,094 6,439 36,258 3,008 6 ,129 8,237 4,947 12,880 3,122 1, 511 3,991 5,950 13,622 Notes 87,684 5,322 29,966 2,486 5 ,065 6,808 4,088 10,645 2,580 1 ,249 3,298 4,918 11,259 Bonds 29,293 1,778 10,011 830 1_, 692 2,274 1,366 3,557 862 417 1,102 1,643 3,761 Total bought outright 2 223,071 13,539 76,235 6,324 12 ,886 17,319 10,401 27,082 6,564 3 .177 8,391 12,511 28,642 Held under repurchase agreements 1 4,864 — 4,864 — — — — — — — — — Total U.S. government securities 227,935 13,539 81,099 6,324 12 ,886 17,319 10,401 27,082 6,564 3 ,177 6,391 12,511 28,64~2 Total loans and securities 238,579 14,012 85,010 6,552 13 ,309 17,894 10,740 28,008 6,890 3 ,344 8,717 14,495 29,608 Items in process of collection 7,571 433 849 375 303 499 708 657 389 334 1,075 485 1,464 Bank premises 719 90 33 47 32 116 57 82 20 23 47 20 152 Other assets 3 15,518 580 4,018 487 712 829 871 4,258 367 303 499 900 1,694 Interdistrict settlement account -0- -431 +1,044 +315 -22 +63 -626 +11 +305 + 18 +887 -1,746 + 182 TOTAL ASSETS 278,907 15,720 95,774 8,349 "IT ,334 20,841 12,578 . 35,103 8,526 4 ,273 11,964 15,168 35,277 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 4,923 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 640 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 $ 95 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 May 11. 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 LIABILITIES Federal Reserve notes 213,064 12,749 71,784 5,860 13,140 16,771 7,971 29,492 66,,995566 33,,115544 99..447755 1111,,660033 24,109 Deposits: Depository institutions 40,676 2,314 10,103 1,857 1,516 3,171 3,463 4,066 11,,000044 556688 11,,116677 22,,551111 8,936 U.S. Treasury-general account 10,639 10,639 Foreign—official accounts 262 5 152 7 8 9 13 19 44 55 66 1133 21 Other 304 153 39 2 101 22 22 33 2 Total deposits 51,881 2,319 21,047 1,864 1,524 3,219 3,478 4,186 llTT000088 557755 11,,117755 22,,552277 8,959 Deferred cred t items 6,789 337 735 345 287 406 627 549 336677 337700 11,,004433 444488 1,275 Other liabilities and accrued dividends l 2,633 146 994 71 137 183 117 300 7700 3377 8899 118855 304 TOTAL LIABILITIES 274,367 15,551 94,560 8,140 15,088 20,579 12,193 34.527 8,401 4,136 11,782 14,763 34,647 CAPITAL ACCOUNTS Capital paid in 2,098 74 547 100 113 118 185 267 58 66 85 192 293 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 275 291 Other capital accounts 395 27 126 12 20 30 19 48 9 8 12 38 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 278,907 15,720 95,774 8,349 15,334 20,841 12,578 35,103 8,526 4,273 11,964 15,168 35,277 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 257,855 16,021 77.936 9,379 15,501 21,113 11,983 31,811 8,903 3,900 12,129 15,343 33,836 Less-Held by F.R. Banks 44,791 3,272 6,152 3,519 2.361 4,342 4,012 2,319 1,947 746 2,654 3,740 9,727 F. R. notes, net 213,064 1122,,774499 7711,,778844 55,,886600 1133,,114400 1166,,777711 77,,997711 2299,,449922 66,,995566 33,,115544 99,,447755 1111,,660033 24,109 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 196.983 Total collateral 213,064 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