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 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 11, 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 AAuugg.. 1100,, 11998888 Aug . 3, 1988 Aug. 12, 1987 Aug. 10, 1988 Reserve Bank credit: 12 251,666 - 915 + 20,134 251,642 U.S. government securities- Bought outright—system account 223,106 - 1,190 + 16,430 222,676 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 7,201 — - 422 7,201 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 3,176 - 326 + 2,605 3,028 Includes: seasonal borrowing of 405 - 4 + 128 397 extended credit of 2,651 - 195 + 2,528 2,501 Float 680 - 148 + 229 679 Other F.R. assets 17,503 + 749 + 1,292 18,058 Gold stock 11,062 - 1 - 7 11,062 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,542 -1- 10 _+ 627 18,551 Total factors supplying reserve funds 286,288 - 906 + 20,754 286,273 Currency in circulation* 236,507 + 1,204 + 19,225 236,807 Treasury cash holdings* 396 - 1 - 77 399 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,158 _ 252 + 52 4,397 Foreign 214 - 48 - 4 177 Service-related balances and adjustments3 2,060 + 111 + 100 1,660 Other 319 + 18 + 44 359 Other F.R. liabilities and capital 7,279 + 74 _+ 662 7,246 Total factors, other than reserve balances, 249,931 + 1,103 + 20,000 251,045 absorbing reserve funds 36,357 _ 2,009 + 753 35,228 Reserve balances with F.R. Banks4 On August 10, 1988 » marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 224,069 million, a decrease of $ 161 million for the week. 1 Net of $ 5,403 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,955 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,834 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,013 million was with foreign official and international accounts. Includes $ 1,049 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ i,660 million and adjustments of $ 400 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 •• WWooddnneeaaddaayy Wednesday Wednesday August 10, 1988 August 3, 1988 August 12. 1987 ASSETS Gold certificate account 11,062 __ _ 7 Special Drawing Rights certificate account 5,018 —. Coin 377 + 5 «. 260 Loans 3,028 • 318 + 1,737 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,201 422 Held under repurchase agreements 1 U.S. government securities: BBBooouuuggghhhttt ooouuutttrrriiiggghhhttt———BBBiiillllllsss 105,699 - 876 + 2,361 NNNooottteeesss 8877,,448844 ++ 12,157 BBBooonnndddsss 2299,,449933 mmmm ++ 2,470 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt*** 222222,,667766 876 ++ 16,988 Held under repurchase agreements 1 — Total U.S. government securities 222,676 _ 876 + 16 988 Total loans and securities 232,905 - 1,194 + 18,303 Cash items in process of collection (905) 6,318 1,062 + 136 Bank premises 731 ++ 4455 Other assets 3 17,327 + 813 ++ 11,,446644 TOTAL ASSETS (905) 273,738 1,438 ++ 1199,,668811 LIABILITIES Federal Reserve notes 219,032 + 808 + 18,233 Deposits: Depository institutions U.S. Treasury—general account 3366,,888888 - 2,543 - 13 44,,339977 Foreign—official accounts + 937 + 883 117777 Other 32 102 Total deposits 335599 + 96 + 78 Deferred availability cash items 4411,,882211 •" 1,542 + 846 Other liabilities and accrued dividends4 ((990055)) 5,639 — 1,016 - 53 TOTAL LIABILITIES 2,700 + 176 + 370 (905) 269,192 - 1,574 + 19,396 CAPITAL ACCOUNTS Capital paid in Surplus 2,075 43 + 101 Other capital accounts 2,0 4 4 2 7 4 _+ LZ9 + 17 1 3 1 — 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 $ -o- million was outstanding at the end of the latest statement week. Net of $ 5,834 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,049 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 $ 135 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 10, 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 2,777 — 9,464 - 2,500 121 + 61 16 days to 90 days 251 — 49,706 - 932 769 110 91 days to 1 year — — 67,060 + 2,557 1,769 — Over 1 year to 5 years — 54,452 - 1 3,173 — Over 5 years to 10 years — — 15,486 — 1,180 + 50 Over 10 years --££55 2266,,550088 __ — 118899 1 Total 3,028 222222,,667766 876 77,,220011 — 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 10, 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 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 377 21 14 21 25 55 51 27 26 10 27 34 66 Loans 3,028 6 3 68 5 5 13 44 167 122 82 2,490 23 Acceptances held under repurchase agreements — — — — — — -— — "~~ ~~ "*•" "*"~ Federal agency obligations: Bought outright 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 105,699 6,415 36,123 2,997 6,105 8,206 4,929 12,832 3,110 1,506 3,976 5,928 13,572 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 3,581 868 420 1,109 1,654 3,787 Total bought outright 2 222,676 13,514 76,100 6,313 12,863 17,288 10,383 27,034 6,552 3,172 8,376 12,489 28,592 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 222,676 13,514 76,100 6,313 12,863 17,288 10,383 27,034 6,552 3,172 8,376 12,489 28,592 Total loans and securities 232,905 13,957 78,564 6,585 13,284 17,852 10,732 27,952 6,931 3,396 8,729 15,383 29,540 Items in process of collection 7,223 417 930 436 268 458 610 730 316 317 1,014 460 1,267 Bank premises 731 92 33 47 32 120 57 88 20 23 46 21 152 Other assets 3 17,327 638 4,336 595 824 929 1,063 4,470 416 371 598 1,101 1,986 Interdistrict settlement account -0- + 1,366 + 172 + 258 - 373 •1- 1,443 - 194 - 228 + 139 + 699 + 546 - 3,245 - 583 TOTAL ASSETS 274,643 17,485 88,850 8,493 15,029 22,235 13,106 35,089 8,376 5,050 11,666 14,737 34,527 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 $ 5,834 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,049 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 $ 135 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 10, 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 219,032 14,199 73,915 5,934 12,960 18,062 7,815 30,453 6,788 3,868 9,222 11,440 24,376 Deposits: Depository institutions 36,888 2,569 7,426 1,953 1,385 3,269 4,163 2,967 1,077 687 1,202 2,259 7,931 U.S. Treasury-general account 4,397 4,397 Foreign—official accounts 177 5 66 7 8 9 13 19 4 5 6 13 22 Other 359 1 124 1 35 2 140 5 48 3 Total deposits 41,821 2,575 12,013 1,960 1,394 3,313 4,178 3,126 1,081 692 1,213 2,320 7,956 Deferred credit items 6,544 375 777 310 276 384 595 593 302 313 945 452 1,222 Other liabilities and accrued dividends 1 2,700 166 923 78 152 207 128 336 78 42 103 149 338 TOTAL LIABILITIES 270,097 17,315 87,628 8,282 14,782 21,966 12,716 34,508 8,249 4,915 11,483 14,361 33,892 CAPITAL ACCOUNTS Capital paid in 2,075 74 552 101 114 121 187 268 58 66 86 154 294 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 424 28 129 13 20 34 22 52 11 6 12 47 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 274,643 17,485 88,850 8,493 15,029 22,235 13,106 35,089 8,376 5,050 11,666 14,737 34,527 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 262,747 17,493 78,697 9,491 15,351 22,354 11,808 33,276 8,676 4,073 11,745 14,850 34,303 Less-Held by F.R. Banks 43,715 3,294 4,782 3,557 2,391 4,292 3,993 2,823 1,888 835 2,523 3,410 9,927 F.R. notes, net 219,032 1144,,119999 7733,,991155 55,,993344 1122,,996600 1188,,006622 77,,881155 3300,,445533 66,,778888 33,,886688 99,,222222 1111,,444400 24,376 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 202,952 Total collateral 219,032 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