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*sns*?: 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 July i 14. 1988 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekkeennddeedd Change from week ended Wednesday ^^uullvv 1133.. 11998888 July 6. IQftfi Jnlv 15. 1067 July 13. IQftft Reserve Bank credit: 12 256,067 + 1,203 .+ 22,013 260,783 U.S. government securities- Bought outright—system account 225,882 + 2,626 + 16,643 226,214 Held under repurchase agreements 2,104 „ 1,457 + 2,104 1,044 Federal agency obligations- Bought outright •7,268 _ «. «. 415 7,268 Held under repurchase agreements 1,061 - 1,135 + 1,061 625 Acceptances- Bought outright «_,_ .._ _ Held under repurchase agreements —_ —— Loans to depository institutions 3,878 + 444 + 3,205 9,434 Includes: seasonal borrowing of 346 — 11 + 81 352 extended credit of 2,546 + 413 + 2,284 2,660 Float 920 + 605 + 251 976 Other F.R. assets 14,953 + 120 837 15,222 Gold stock 11,063 _ 6 11,063 Special Drawing Rights certificate account 5,018 5,018 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 18,491 + 10 -I- 620 18,503 TToottaall ffaaccttoorrss ssuuppppllyyiinngg rreesseerrvvee ffuunnddss 1 290,639 + 1,214 + 22,627 295,367 Currency in circulation* 237,232 + 1,049 + 20,027 236,982 Treasury cash holdings* 421 5 6699 441199 Deposits, other than reserve balances, with F.R. Banks: Treasury j 4,148 538 - 1,537 4,106 Foreign Service-related balances and adjustments3 226 - 90 45 ! 205 1,824 ! 119 248 1,659 Other 293 42 112 285 Other F.R. liabilities and capital Total fartnrc nthor than rft^prx/p halanrA^ 7,330 + 253 + 559 7,309 • vial la^iuo, viiioi uiaii IOSCIVC uaiBiiwCwi absorbing reserve funds 251,474 + 508 + 18,575 250,965 Reserve balances with F.R. Banks4 39,164 + 704 + 4,049 44,402 On July 13, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 225,945 million, an increase of $ 19 million for the week. 1 Net of $ 2,375million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,375 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,177 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,177 million was with foreign official and international accounts. Includes $ 520 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,659 million and adjustments of $ 165 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 BANKS Millions of dollars Change since ** WWeeddnneeeeddaayy Wednesday Wednesday July 13, 1988 July 6, 1988 July 15, 1987 ASSETS Gold certificate account 11,063 — - 6 Special Drawing Rights certificate account 5,018 — — Coin 350 + 2 - 288 Loans 9,434 + 6,354 + 8,711 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,268 — - 415 Held under repurchase agreements 1 625 - 957 + 625 U.S. government securities: Bought outright—Bills 109,237 + 2,466 + 4,123 Notes 87,484 — + 12,162 Bonds 2299,,449933 — ++ 2,469 Total bought outright 2 222266,,221144 ++ 2,466 ••ff 18,754 Held under repurchase agreements 1 1,044 - 1,267 •f 1,044 Total U.S. government securities 227,258 + 1,199 •f 19,798 Total loans and securities 244,585 + 5759S •f 28,719 Items in process of collection (1,067) 6,977 - 3,518 - 156 Bank premises 729 + • 2 + 44 Other assets 3 14,493 + 448 .- 562 TOTAL ASSETS (1,067) 283,215 + 3,530 + 27,751 LIABILITIES Federal Reserve notes 219,248 - 309 + 19,074 Deposits: Depository institutions 46,061 + 6,454 + 8,057 U.S. Treasury—general account 4,106 - 48 + 755 Foreign—official accounts 205 - 134 •- 176 Other 285 - 28 - 333 Total deposits 50,657 + 6,244 + 8,303 Deferred credit items (1,067) 6,001 - 2,828 - 343 Other liabilities and accrued dividends4 2,747 + 152 + 389 TOTAL LIABILITIES (1,067) 278,653 + 3,259 + 27,423 CAPITAL ACCOUNTS Capital paid in 2,117 + 4 + 151 Surplus 2,047 — + 174 Other capital accounts 398 + 267 + 3 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 S -0- million was outstanding at the end of the latest atatement week. Net of $ 2,177 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 620 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 $ 76 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, July 13, 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 |Weekiy changes Within 15 days | • 9,225 9,550 - 2,904 733 916 16 days to 90 days 209 — 55,018 + 1,253 802 35 91 days to 1 year — — 66,775 + 2,850 1,802 + 24 Over 1 year to 5 years — — 53,972 — 3,224 30 Over 5 years to 10 years — — 15,435 — 1,143 — Over 10 years — ~ 26,508 — 189 — Total 9,434 227,508 1,199 7,893 957 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 July 13, 1988 Millions of dollars . Total Boston New York Philadelphia j Cleveland Richmond j Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a ci n s co ASSETS Gold certificate account 11,063 630 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 350 21 10 18 21 52 47 22 25 9 28 32 65 Loans 9,434 431 3,919 208 6 5 35 400 155 98 99 2,657 1,421 Acceptances held under repurchase agreements — — — * — — — — — — — — — — Federal agency obligations: Bought outr ght 7,268 H41 2,484 206 420 564 339 882 214 104 273 408 933 Held under repurchase agreements 1 625 — 625 — ~ — — — — — — — -- U.S. government securities: Bought outright-Bills 109,237 6,630 37,332 3,097 6,310 8,481 5,094 13,262 3,214 1,556 4,109 6,126 14,026 Notes 87,484 5 J09 29,898 2,480 5,054 6,792 4,079 10,621 2,574 1,246 3,291 4,907 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 2 226,214 13,729 77,309 6,413 13,068 17,563 10,548 27,464 6,656 3,222 8,509 12,687 29,046 Held under repurchase agreements 1 1,044 „_ 1,044 — — — — — — — — — — Total U.S. government securities 222277,,225588 13,729 78,353 6,413 13,068 17,563 10,548 27,464 6,656 3,222 8,509 12,687 29,046 Total loans and securities 224444,,558855 14,601 85,381 6,827 13,494 18,132 10,922 28,746 7,025 3,424 8,881 15,752 31,400 Items in process of collection 8,044 437 919 369 312 600 854 694 458 388 1,015 592 1,406 Bank premises 729 92 33 47 32 119 57 88 20 23 46 21 151 Other assets 3 14,493 528 3,580 466 662 758 832 4,124 335 291 469 851 1,597 Interdistrict settlement account -0- + 57 - 242 + 466 - 92 + 968 + 299 + 315 + 205 + 681 + 754 - 2,710 - 701 TOTAL ASSETS 284,282 16,730 94,483 8,744 15,398 22,007 13,798 36,039 8,596 5,050 11,899 15,521 36,017 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 $ 2,177 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 620 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 $ 76 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 July 13. 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 219,248 13,286 74,002 6.023 13,205 17,746 8,138 30,579 6,955 3,856 9,380 11,583 24,495 Deposits: Depository institutions 46.061 2,746 13,140 2,102 1,498 3,301 4,466 3,877 1,019 629 1,236 2,836 9,211 U.S. Treasury—general account 4.106 — 4,106 — — — — — — — — — — Foreign-official accounts 205 5 95 7 8 9 13 19 4 5 6 13 21 Other 285 — 147 1 1 42 1 86 — — 2 2 3 Total deposits 50,657 2,751 17,488 2,110 1,507 3,352 4,480 3,982 1,023 634 1,244 2,851 9,235 Deferred cred t items 7,068 360 807 325 286 434 661 561 414 383 994 527 1,316 Other liabilities and accrued dividends 1 22,,774477 165 961 7788 115544 220077 113311 333377 7788 43 101 149 343 TOTAL LIABILITIES 227799,,772200 "" 16,562 93,258 88,,553366 1155,,115522 2211,,773399 1133,,441100 3355,,445599 ~~ 88,,447700 4,916 11,719 15,110 35,389 CAPITAL ACCOUNTS Capital paid in 2,117 75 552 101 113 121 186 268 58 66 85 198 294 Surplus 2.047 68 541 97 113 114 181 26.1 58 63 85 175 291 Other capital accounts 398 25 132 10 20 33 21 51 10 5 10 3388^^ 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 284,282 16,730 94,483 8,744 15,398 22,007 13,798 36,039 8,596 5,050 11,899 15,521 36,017 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 260,748 16,313 78.409 9,437 15,267 21,895 11,875 33,208 8,831 4,650 11,894 14,990 33,979 Less-Held by F.R. Banks 41,500 33,,002277 44,,440077 33,,441144 2,062 4,149 3,737 2,629 1,876 794 2,514 3,407 9,484 F.R. notes, net 219,248 1133,,228866 7744..000022 6677002233 13,205 17,746 8,138 30,579 6,955 3,856 9,380 11,583 24,495 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 203,167 Total collateral 219,248 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