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 T^JTRE^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 June 16, 1988 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 JJuunnee 1155,, 11998888 June 8, 1988 June 17, 1987 June 15, 1988 Reserve Bank credit: '•* 250,662 _ 374 + 18,896 253,545 U.S. government securities- Bought outright—system account 224,931 - 37 + 18,036 226,697 Held under repurchase agreements — — - 539 — Federal agency obligations- Bought outright 7,268 — - 415 7,268 Held under repurchase agreements — — - 43 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 3,651 + 373 + 3,000 4,388 includes: seasonal borrowing of 284 - 5 + 42 303 extended credit of 3,089 + 206 + 2,837 3,103 Float 381 - 482 - 440 624 Other F.R. assets 14,431 - 228 - 703 14,568 Gold stock 11,063 — - 6 11,063 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,472 + 10 + 640 18,481 Total factors supplying reserve funds 285,216 - 363 + 19,532 288,107 Currency in circulation* 233,640 + 73 + 18,876 233,776 Treasury cash holdings* 459 + 1 - 52 458 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,110 + 428 - 769 3,787 Foreign 236 + 21 + 8 219 Service-related balances and adjustments ' 1,827 • 189 - 412 1,653 Other 304 „ 8 - 57 363 Other F.R. liabilities and capital 7,463 +_ 362 + 572 7,235 Total factors, other than reserve balances, absorbing reserve funds 247,039 + 687 + 18,166 247,491 Reserve balances with F.R. Banks4 38,178 - 1,049 + 1,367 40,616 On j e 15, 1988 . marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official un and international accounts were $ 227,312million, a decrease of $ 1,047 million for the week. 1 Net of $ 3,063 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3 Q63 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 1,297 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1 297 million was with foreign official and international accounts. Includes $ 552 million securities loaned—fully secured f U.S.* government securities. 3 Consists of required clearing balances of $ l ,653 million and adjustments of $ 174 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 iANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday June 15, 1988 June 8, 1988 June 17, 1987 ASSETS ! Gold certificate account j 11,063 — - 5 Special Drawing Rights certificate account 5,018 — — Coin 385 + 6 - 84 Loans A, 388 + 1,070 + 3,672 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,268 — - 415 Held under repurchase agreements 1 — — - 302 U.S. government securities: Bought outright—Bills 109,720 + 1,404 + 3,219 Notes 87,484 — + 14,181 Bonds i 29,493 — + 2,742 Total bought outright2 226,697 + T75U2T + 7.0,142 Held under repurchase agreements1 — — 3,771 Total U.S. government securities 226,697 ••ff 1,404 ++ 16,371 Total loans and securities 238,353 + 2,474 + 19,326 Items in process of collection (1,236) 7,591 + 681 + 64 Bank premises 727 — + 44 Other assets 3 13,841 + 159 - 830 TOTAL ASSETS (1,236) 276,978 + 3,320 + 18,515 LIABILITIES Federal Reserve notes 216,138 - 55 + 18,235 Deposits: Depository institutions 42,269 + 1,658 + 3,990 U.S. Treasury—general account 3,787 + 617 - 4,339 Foreign—official accounts 219 + 21 - 13 Other 363 + 61 - 26 Total deposits 46,638 + 2,357 - 388 Deferred credit items (1,236) 6,967 + 825 + 218 Other liabilities and accrued dividends4 2,691 + 192 + 118 TOTAL LIABILITIES (1,236) 272,434 + 3,319 + 18,183 CAPITAL ACCOUNTS Capital paid in 2,105 + 1 + 151 Surplus 2,047 — + 174 Other capital accounts 392 — + 7 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 tranaactlons to foreign official and international accounts of which $ 2,707 million was outstanding at the end of the latest atatement week. Net of S 1,297 million matched sale-purchase transactions outstanding at the end of the latest atatement week. Includes $ 552 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investmemt account at Chicago of S 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, June 15, 1988 Acceptances and securities held under repurchase agreements are elaaaifled as maturing within 15 days in accordance with maximum maturity of the agreements. U.8. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings [Weekly changes Within 15 days 4,255 — 11,377 - 1,421 28 + 3 16 days to 90 days 133 — 53,455 - 375 919 + 52 91 days to 1 year — — 66,392 + 3,200 1,790 32 Over 1 year to 5 years — — 53,530 — 3,207 23 Over 5 years to 10 years — — 15,435 — 1,135 _ _ Over 10 years — 5555 2266,,550088 — 118899 Total 4,388 222266,,669977 ++ 1,404 77,,226688 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 J"ne 15 , 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 385 32 14 21 24 55 #• 43 «•* 29 24 12 29 31 71 Loans 4.388 45 727 3 1 94 45 35 137 67 103 3,094 37 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7,268 441 2,484 206 420 564 339 882 214 104 273 408 933 Held under repurchase agreements ' U.S. government securities: Bought outright-Bills 109,720 6,659 37,497 3,111 6,338 8,519 5,116 13,320 3.228 1,563 4,127 6,154 14,088 Notes 87.484 5,309 29,898 2,480 5,054 6,792 4,080 10,621 2,574 1,246 3.291 4,906 11,233 Bonds 29.493 1,790 10,079 836 1,704 2,290 1,375 3,581 868 420 1,109 1,654 3,787 Total bought outright 2 226,697 13,758 77,474 6,427 13,096 17,601 10,571 27,522 6.670 3,229 8,527 12,714 29,108 Held under repurchase agreements 1 Total U.S. government securities 226,697 13,758 77,474 6,427 13,096 17,601 10,571 27.522 6,670 3,229 8,527 12,714 29,108 Total loans and securities 238.353 14,244 80,685 6,636 13,517 18,259 10,955 28.439 7,021 3,400 8,903 16,216 30,078 Items in process of collection 8,827 400 1,082 518 342 657 750 721 497 425 1,179 639 1,617 Bank premises 727 92 33 47 32 118 57 85 20 23 47 21 152 Other assets 3 13,841 493 3,304 441 629 710 815 4,089 327 277 440 814 1.502 Interdistrict settlement account -0- - 264 + 963 + 694 - 183 + 242 - 118 + 221 + 299 + 727 + 874 - 3,435 - 20 TOTAL ASSETS 278,214 15,991 90,883 8,908 15,330 21,419 13,289 35.634 8,716 5,098 12.178 15,269 35,499 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 $ 2,707 million was outstanding at the end of the latest statement week. 2 Net of $ 1,297 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 552 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 June 15, 1988 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIAB LITIES Federal Reserve notes 216.138 12,969 72,753 5,956 13,096 17,591 8,026 29,575 6,945 3,886 9,347 11,445 24,549 Deposits: Depository institutions 42.269 2,279 10,774 2,264 1.510 2,750 4,060 4,393 1,115 580 1.404 2,645 8,495 U.S. Treasury-general account 3,787 3,787 Foreign—official accounts 219 5 109 7 8 9 13 19 4 5 6 13 21 Other 363 220 1 29 2 100 1 1 2 2 4 Total deposits 46,638 2,284 14,890 2,272 1,519 2,788 4,075 4,512 1,120 586 11,,441122 222,,,666666000 8,520 Deferred credit items 8,203 405 1,131 393 313 567 671 629 449 447 11,,113366 666000444 1,458 Other liabilities and accrued dividends 1 2,691 165 902 78 156 208 129 339 77 42 110022 111555111 342 TOTAL LIABILITIES 273,670 15,823 89,676 8,699 15,084 21,154 12,901 35,055 8,591 4,961 1111,,999977 111444,,,888666000 34,869 CAPITAL ACCOUNTS Capital paid in 2,105 74 548 100 113 120 186 268 58 66 8855 111999444 293 Surplus 2,047 68 541 97 113 114 181 261 58 63 8855 111777555 291 Other capital accounts 392 26 118 12 20 31 21 50 9 8 1111 444000 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 278,214 15,991 90,883 8,908 15,330 21,419 13,289 35,634 8,716 5,098 12,718 111555,,,222666999 35,499 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 259,571 16,099 77,785 9,517 15,263 21,950 11,782 32,241 8,885 4,601 12,019 15,220 34,209 Less-Held by F.R. Banks 43.433 3,130 5,032 3,561 2.167 4,359 3,756 2,666 1,940 715 2,672 3,775 9,660 F.R. notes, net 216.138 1122,,996699 7722,,775533 55,,995566 1133,,009966 1177,,559911 88,,002266 2299,,557755 66,,994455 33,,888866 99,,334477 1111,,444455 24,549 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 200,057 Total collateral 216,138 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foraHn exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis