H.4.1 Factors Affecting Reserve Balances of Depository Institutions

ttJS^&u' FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ?«4L RE' 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 August 4. 1 988 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 AAuugguusstt 33,, 11998888 'Tuly 27. 1988 August 5. 1987 August 3. 1988 Reserve Bank credit:1* 252,581 + 1,180 + i9,459 252,069 U.S. government securities- Bought outright—system account 224,296 + 906 + 18,286 223,552 Held under repurchase agreements — - 818 1,771 — Federal agency obligations- Bought outright 7,201 — 422 7,201 Held under repurchase agreements — - 118 540 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 3,502 + 104 + 2,945 3,346 Includes: seasonal borrowing of 401 - 2 + 102 410 extended credit of 2,854 + 166 + 2,737 2,767 Float 828 + 22 + 219 725 Other F.R. assets 16,754 + 1,084 + 742 17,245 Gold stock 11,063 — 6 11,062 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,532 + 13 + 630 18,541 Total factors supplying reserve funds 287,194 + 1,193 + 20,083 286,690 Currency in circulation* 235,303 + 423 + 19,114 235,998 Treasury cash holdings* 397 - 9 73 395 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,410 - 184 1,851 3,460 Foreign 262 - 53 +• 9 209 Service-related balances and adjustments3 1,948 + 13 123 1,641 Other 301 - 56 + 19 263 Other F.R. liabilities and capital 7,205 - 187 + 701 6,934 Total factors, other than reserve balances, 248,827 Z 51 + 17,797 248,900 absorbing reserve funds Reserve balances with F.R. Banks4 38,367 + 1,245 + 2,287 37,790 On August 3, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 224,230 million, a decrease of $ 99 million for the week. 1 Net of $ 4,213 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,213 million was with foreign official and international accounts. Includes securities loaned—fully secured by U:S.' government securities. 2 Net of $ 4,958 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,958 million was with foreign official and international accounts. Includes $ 815 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,641 million and adjustments of $ 307 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 August 3, 1988 July 27, 1988 August 5, 1987 ASSETS Gold certificate account 11,062 "*"• ~ 7 Special Drawing Rights certificate account 5,018 ~*~" _— Coin 372 — 2 *~ 268 Loans 3,346 - 69 + 2,907 Acceptances- — — — Held under repurchase agreements Federal agency obligations— Bought outright 7,201 "**" •* 422 Held under repurchase agreements'! — —• ~~" U.S. government securities: Bought outright—Bills 106,575 + 2,825 + 1,846 Notes 87,484 — + 12,157 Bonds 2299,,449933 — ++ 2»A69 Total bought outright 2 222233,,555522 ++ 2,825 ++ 16,472 Held under repurchase agreements'* — — — Total U.S. government securities 223,552 ++ 2,825 ++ 16,472 Total loans and securities 234,099 + 2,756 + 18,957 Items in process of collection (1,042) 7,380 + 141 - 357 Bank premises 731 + 2 + 45 Other assets 3 16,514 + 1,483 + 800 TOTAL ASSETS (1,042) 275,176 + 4,380 + 19,170 LIABILITIES Federal Reserve notes 218,224 + 1,005 + 18,184 Deposits: Depository institutions 39,431 + 2,789 + 1,257 U.S. Treasury—general account 3,460 - 30 - 1,136 Foreign—official accounts 209 - 134 + 22 Other 263 - 59 + 53 Total deposits 43,363 + 2,566 + 196 Deferred credit items (1,042) 6,655 + 1,032 + 136 Other liabilities and accrued dividends4 2,524 - 64 + 337 TOTAL LIABILITIES (1,042) 270,766 + 4,539 + 18,853 CAPITAL ACCOUNTS Capital paid in 2,118 — + 148 Surplus 2,047 — + 173 Other capital accounts 245 "~ 159 — 4 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 $ 4,958 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 815 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 $ 33 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, August 3, 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. Loans Acceptances Holdings [Weekly changes Holdings [Weekly changes Within 15 days 3,105 11,964 4,691 60 114 16 days to 90 days 241 50,638 104 879 + 103 91 days to 1 year 64,503 2,493 • 769 + 10 Over 1 year to 5 years 54,453 731 • 173 Over 5 years to 10 years 15,486 ,130 Over 10 years 26,508 190 Total 3,346 223,552 2,825 7,201 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 August 3, 1988 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11, 062 680 3, 312 389 655 917 584 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 372 21 12 20 25 55 50 26 26 10 28 35 64 Loans 3, 346 57 1 57 6 7 12 42 182 113 85 2,759 25 Acceptances held under repurchase agreements — — — •—* -""• ""* "~— Federal agency obligations: Bought outr ght 7 201 437 2, 461 204 416 559 336 874 212 102 271 404 925 Held under repurchase agreements 1 — — —•~ — "~"" U.S. government securities: Bought outright-Bills 106 575 6 ,468 36 422 3 ,022 6 ,156 8 ,275 4 ,970 12 ,938 3,136 1,518 4,009 5,977 13 ,684 Notes 87 ,484 5 ,309 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 i ,581 868 420 1,109 1,654 3_,7 87 Total bought outright 2 223 ,552 13 ,567 76 ,399 6 ,338 12 ,914 17 ,357 10 ,424 27 ,140 6,578 3,184 8,409 12,538 28 ,704 Held under repurchase agreements 1 — — — —— — ~"" — "~~" ""*" Total U.S. government securities ~~223"r 552~" TT ,567 ~76" ,399 6 ,338 U ,914 ~T7, 357 "To", 424 27", 140 6,578 3TT84 8,409 12,538 2*F,7 04 Total loans and securities 234 ,099 14 ,061 78 ,861 6 ,599 13 ,336 17 ,923 10 ,772 28 ,056 6,972 3,399 8,765 15,701 29 ,654 IItteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn 8 ,422 478 999 459 325 513 746 725 507 387 1,122 649 1 ,512 BBaannkk pprreemmiisseess 731 92 ' 33 47 32 120 57 88 20 23 46 21 152 OOtthheerr aasssseettss 33 ! 16 ,514 613 4 ,139 565 786 890 l ,046 4 ,226 399 355 559 1,036 1 ,900 Interdistrict settlement account -0- + 666 + 679 + 183 + 250 + 1 ,194 + 211 - 218 - 105 + 649 + 531 - 3,613 - 427 TOTAL ASSETS __ ,218 [76 ,925 89 ,524 8 ,424 15 ,723 22 ,073 13 ,669 34 ,953 8,347 5,057 11,757 14,812 34 ,954 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 $ 4,958 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 815 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 $ 33 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 August 3, 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 ci n s co LIABILITIES Federal Reserve notes 218,224 13,935 73,552 5,891 12,897 18,064 7,844 30,364 6,768 3,861 9,259 11,505 24,284 Deposits: Depository nstitutions 39,431 2,267 9,317 1,917 2,113 3,050 4,644 3,013 964 613 1,120 2,166 8,247 U.S. Treasury—general account 3,460 — 3,460 — — — — — — — — — — Foreign—official accounts 209 5 99 7 8 9 13 19 4 5 6 13 21 Other 263 — 175 2 1 37 2 39 — 1 2 2 2 Total deposits 43,363 2,272 13,051 1,926 2,122 3,096 4,659 3,071 968 619 1,128 2,181 8,270 Deferred credit items 7,697 397 894 331 323 463 673 641 415 406 1,099 582 1,473 Other liabilities and accrued dividends 1 2,524 158 847 74 145 194 119 318 75 39 96 140 319 TOTAL LIABILITIES 271,808 16,762 88,344 8,222 15,487 21,817 13,295 34,394 8,226 4,925 11,582 14,408 34,346 CAPITAL ACCOUNTS Capital paid in 2,118 75 552 101 113 121 187 268 58 66 85 198 294 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 245 20 87 4 10 21 6 30 5 3 5 31 23 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 276,218 16,925 89,524 8,424 15,723 22,073 13,669 34,953 8,347 5,057 11,757 14,812 34,954 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 262,317 17,257 78,331 9,526 15,158 22,337 11,967 33,285 8,708 4,716 11,776 14,923 34,333 Less-Held by F.R. Banks 44,093 3,322 4,779 3,635 2,261 4,273 4,123 2,921 1,940 855 2,517 3,418 10,049 F.R. notes, net 218,224 13,935 73,552 5,891 12,897 18,064 7,844 30,364 6,768 3,861 9,259 11,505 24,284 Collateral held against F.R. notes: Gold certificate account 11,062 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 202,144 Total collateral 218,224 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