H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•isSf-Ksv FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when **?fOT^X 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 •TnnP -W. 1988 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, WWeeeekk eennddeedd Change from weefc ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJuunnee 2299.. 11998888 June 22. 1988 JiilX- 1. 1987 June 29. 1988 Reserve Bank credit: 1 2 252,653 4 1,667 4 10,859 256,429 U.S. government securities- Bought outright—system account 224,495 - 460 4 13,511 223,010 Held under repurchase agreements 2,014 4 2,014 - 2,511 5,428 Federal agency obligations- Bought outright 7,268 ~~ - 415 7,268 Held under repurchase agreements 1,059 4 1,059 4 66 2,553 Acceptances- Bought outright — — — Held under repurchase agreements — — — — Loans to depository institutions 2,281 - 753 f 1,393 2,244 Includes: seasonal borrowing of 357 4 43 4 50 353 extended credit of 1,740 - 796 4 1,452 1,639 Fioat 545 „. 326 - 210 522 Other F.R. assets 14,991 4 133 - 974 15,404 Gold stock 11,063 — - 6 11,063 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,492 4 10 4 640 18,501 Total factors supplying reserve funds 287,227 4 l",678 4 11,493 291,011 ~ Currency in circulation* 233,267 115 4 18,693 234,426 Treasury cash holdings* 449 - 8 - 48 432 Deposits, other than reserve balances, with F.R. Banks: Treasury 6,529 4 2,277 - 9,032 8,216 Foreign 235 - 22 - 68 203 Service-related balances and adjustments 3 1,811 - 127 - 179 1,657 Other 363 4 41 - 211 359 Other F.R liabilities and capital 7,510 4 93 4 607 7,394 Total factors, other than reserve balances, absorbing reserve funds 250,163 4 2,138 4 9,761 252,687 - Reserve balances with F.R. Banks * 37,064 461 4 1,733 38,325 On j e 29 1988 . marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official url and international accounts were $ 226,364 million, a decrease of $ 4,851 million for the week. 1 Net of $ 3,499 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3^499 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. - 2 Net of $ 4,984 million matched sale-purchase transactions outstanding at the er\6 of the latest statement week, of which a net of $ 4,984 million was with foreign official and international accounts. Includes $ 1192 million securities loaned—fully secured 9 U.S. government securities. 3 Consists of required clearing balances of $ 1,657 million and adjustments of $ 154 million to compensate for fioat. 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 June 29, 1988 June 22, 1988 July 1 , 1987 ASSETS Gold certificate account 11,063 — - 6 Special Drawing Rights certificate account 5,018 — — Coin 380 - 15 - 61 Loans 2,244 - 53 + 1,437 Acceptances— Held under repurchase agreements — — — Federal agency obligations- Bought outright 7,268 — - 415 Held under repurchase agreements1 2,553 + 2,553 + 2,553 U.S. government securities: Bought outright—Bills 106,033 - 653 - 1,025 Notes | 87,484 — + 11,962 Bonds 29,493 — + 2,469 Total bought outright* I 223,010 - 653 + 13,406 Held under repurchase agreements1 ! 5,428 + 5,428 + 5,428 Total U.S. government securities 228,438 + 4,775 + 18,834 Total loans and securities 240,503 + 7,275 + 22,409 Items in process of collection 1(1,087) 6,155 _ 978 - 2,164 Bank premises 725 _, 2 + 42 Other assets 3 14,679 + 620 215 TOTAL ASSETS ' (1,087) 278,523 + 6,900 + 20,005 LIABILITIES Federal Reserve notes 216,736 + 1,135 + 17,922 Deposits: Depository institutions 39,982 + 2,098 + 4,613 U.S. Treasury—general account 8,216 + 4,094 - 1,789 Foreign—official accounts 203 - 1 - 86 Other 359 + 84 - 131 Total deposits 48,760 + 6,275 + 2,607 Deferred credit items (1,087) 5,633 - 639 - 1,423 Other liabilities and accrued dividends4 2,847 + 136 + 582 TOTAL LIABILITIES (1,087) 273,976 + 6,907 + 19,688 CAPITAL ACCOUNTS Capital paid in 2,110 + 4 + 148 Surplus 2,047 — + 174 Other capital accounts 390 - 11 - 5 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 $ 4,984 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,192 million securities loaned—fully secured by U.S. government securities. Includes assets denominated In foreign currencies, revalued monthly si market exchange ratea. Includes special investment account at Chicago of $ 86 million in Treasury bills maturing within 30 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 29, 1988 Acceptances and securities held under repurchase agreements are classified as maturing within 1$ days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations Loans Acceptances Holdings |Weekly changes Holdings [Weekly changes Within 15 days 2,184 16,317 + 4,976 2,783 + 2,525 16 days to 90 days 60 50,356 251 694 + 5 91 days to 1 year 66,292 + 50 1,808 + 18 Over 1 year to 5 years 53,530 3,204 - 3 Over 5 years to 10 years 15,435 1,143 + 8 Over 10 years 26,508 189 — Total 2,244 228,438 4,775 9,821 + 2,553 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 June 29 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 certif. acct. 5,018 314 1,489 162: 314 461 203 656 160 66 216 307 670 Coin 380 29 11 22 23 55 46 28 26 11 29 33 67 Loans 2,244 49 36 20 1 46 24 70 146 86 87 1,625 54 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 1 2,553 — 2,553 — — — — — - — — — — — U.S. government securities: Bought outright-Bills 106,033 6,435 36,237 3,006 6,125 8,233 4,944 12,872 3,120 1,511 3,988 5,947 13,615 Notes 87,484 5,310 29,898 2,480 5,054 6,792 4,079 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 2 223,010 13,535 76,214 6,322 12,883 17,315 10,398 27,074 6,562 3,177 8,388 12,507 28,635 Held under repurchase agreements 1 5,428 — 5,428 — — — — — — — — — — Total U.S. government securities 228,438 13,535 81,642 6,322 12,883 17,315 10,398 17,074 6,562 3,177 8,388 12,507 28,635 Total loans and securities 240,503 14,025 86,715 6,548 13,304 17,925 10,761 28,026 6,922 3,367 8,748 14,540 29,622 Items in process of collection 7,242 433 938 456 373 409 603 517 423 328 990 562 1,210 Bank premises 725 91 34 47 32 117 58 85 20 23 46 21 151 Other assets 3 14,679 520 3,746 456 659 749 822 4,236 335 285 458 843 1,570 Interdistrict settlement account -0- - 64 + 207 + 468 - 390 + 696 + 28 - 145 + 107 + 747 + 567 - 2,321 + 100 TOTAL ASSETS 279,610 16,028 96,453 8,548 14,970 21,329 13,105 34,797 8,361 4,995 11,544 14,661 34,819 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 $ 4,984 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,192 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 $ 86 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 29, 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 216,736 12,986 73,068 5,972 13,037 17,731 8,151 29,740 6,940 3,858 9,299 11,484 24,470 Deposits: "" Depository institutions 39,982 2,349 11,766 1,923 1,146 2,730 3,832 3,479 829 587 1,018 2,138 8,185 U.S. Treasury—general account 8,216 ~ 8,216 ~ — — — — — — — — — Foreign—official accounts 203 5 93 7 8 9 13 19 4 5 6 13 21 Other 359 1 241 1 1 13 2 92 — 1 1 3 3 Total deposits 48,760 2,355 20,316 1,931 1,155 2,752 3,847 3.590 833 593 1,025 2,154 8,209 Deferred credit items 6.720 360 767 358 381 379 591 556 386 365 942 465 1,170 Other liabilities and accrued dividends 1 2,847 159 1,093 77 152 201 128 333 77 42 99 146 340 TOTAL LIABILITIES 275,063 15,860 95,244 8,338 14,725 21,063 12,717 34,219 8,236 4,858 11,365 14,249 34,189 CAPITAL ACCOUNTS Capital paid in 2,110 74 548 101 113 120 186 268 58 66 85 198 293 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 390 26 120 12 19 32 21 49 9 8 9 39 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 279,610 16,028 96,453 8,548 14,970 21,329 13,105 34,797 8,361 4,995 11,544 14,661 34,819 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 260,133 16,108 78,073 9,440 15,262 21,922 11,912 32,653 8,861 4,594 11,936 15,138 34,234 Less-Held by F.R. Banks 43,397 3,122 5,005 3,468 2,225 4,191 3,761 2,913 1,921 736 2,637 3,654 9,764 F.R. notes, net 216,736 12,986 73,068 5,972 13,037 17,731 8,151 29,740 6,940 3,858 9,299 11,484 24,470 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 200,655 Total collateral 216,736 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