H.4.1 Factors Affecting Reserve Balances of Depository Institutions

v O* <*QVi 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. -.*ALRV H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks August 18, 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.. 1177,, 11998888 &ug. 10, 1988 Aug. 19, 1987 Aug. 17, 1988 Reserve Bank credit: 1 2 252,082 + 423 + 2,112 250,637 U.S. government securities- Bought outright—system account 223,742 + 636 + 18,459 223,152 Held under repurchase agreements 486 Federal agency obligations- Bought outright 7,192 9 431 7,191 Held under repurchase agreements 94 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 3,267 + 91 + 2,742 3,356 Includes: seasonal borrowing of 423 + 18 + 143 431 extended credit of 2,711 + 60 + 2,586 2,791 Float 410 269 464 478 Other F.R. assets 17,472 25 + 1,387 16,460 Gold stock 11,062 7 11,062 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 18,552 + 10 + 624 18,561 Total factors supplying reserve funds 286,715 + 434 + 21,730 285,278 Currency in circulation* 236,466 41 + 19,151 236,337 Treasury cash holdings* 398 + 2 75 394 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,676 482 498 3,672 Foreign 223 + 9 37 234 Service-related balances an-i adjustments3 1,998 62 + 75 1,637 Other 357 + 38 2 324 Other F.R. liabilities and capital 7,400 + 121 + 654 7,120 Total factors, other than reserve balances, absorbing reserve funds 249,518 413 + 19,268 249,718 Reserve balances with F.R. Banks * 37,196 + 846 + 2,463 35,560 On August 17,1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 225,066 million, an increase of $997 million for the week. 1 Net of $ 4,768 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $4,768 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,357 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,357 million was with foreign official and international accounts. Includes $ 749 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,637 million and adjustments of $ 361 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 4a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE RANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday August 17, 1988 August 10, 1988 August 19, 1987 ASSETS I . Gold certificate account 11,062 _ 7 Special Drawing Rights certificate account 5,018 _,_ Coin 385 + 8 « 56 Loans 3,356 + 328 + 2,854 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,191 10 432 Held under repurchase agreements1 U.S. government securities: Bought outright—Bills 106,175 + 476 + 2,238 Notes B7,484 — + 12,232 Bonds 2299,,449933 — ++ 2,394 Total bought outright2 222233,,115522 ++ 476 ++ 16,864 Held under repurchase agreements1 — — — Total U.S. government securities 223,152 ++ 476 ++ 16,864 Total loans and securities 233,699 + 794 + 19,286 Cash items in process of collection (1,068) 6,887 + 569 + 252 Sank premises 730 - 1 + 39 Other assets 3 15,730 - 1,597 + 1,191 TOTAL ASSETS (1,068) 273,511 - 227 + 20,705 LIABILITIES Federal Reserve notes 218,555 _ 477 + 18,439 Deposits: Depository institutions 37,197 + 309 + 564 U.S. Treasury—general account 3,672 „ 725 + 560 Foreign—official accounts 234 + 57 + 46 Other 324 „ 35 + 12 Total deposits 41,427 _ 394 + 1,182 Deferred availability cash items (1.068) 6,409 + 770 -f. 448899 Other liabilities and accrued dividends4 2,632 68 + 335566 TOTAL LIABILITIES 1(1,068) 269,023 169 + 2200,,446666 CAPITAL ACCOUNTS Capital paid in 2,075 «._ + 98 Surplus 2,047 __ + 173 Other capital accounts 366 - 58 - 32 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 statement week. Net of $ 5.357 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 749 million securities loaned—fully secured by U.S. government securities. Includes assets denominated In foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of S 60 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 17. 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 3.265 — 12,161 + 2,697 317 + 196 16 days to 90 days .51 — 47,376 - 2,330 676 93 91 days to 1 year «-.— — 68,255 + 1.195 1,655 114 Over 1 year to 5 years »—< — 55.152 + 700 3,173 Over 5 years to 10 years — — 13.700 - 1.786 1,180 Ov T er o t 1 a 0 l years 1 3,i5 — 6 ~~ 22 22 2233 66 .. ,, 11 55 55 00 22 88 ++ 47 — 6 77..11 11 99 99 11 00 + 1 1 0 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 17, 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 11,062 680 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 385 21 14 21 26 56 53 26 28 10 27 36 67 Loans 3,356 9 1 71 7 6 16 52 197 121 79 2,777 20 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 7,191 436 2,458 204 415 558 335 873 212 103 271 403 923 Held under repurchase agreements 1 — — — — ~ — — ~ — — — — — U.S. government securities: Bought outright-Bills 106,175 6,444 36,286 3,010 6,133 8,243 4,951 12,890 3,124 1,512 3,994 5,955 13,633 Notes 87,484 5,309 29,898 2,480 5,054 6,793 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 1.139 1,654 3,787 Total bought outright ? 223,152 13,543 76,263 6,326 12,891 17,326 10,405 27,092 6,566 3,178 8,394 12,515 28,653 Held under repurchase agreements 1 — — — — — — — — — — -- — — Total U.S. government securities 223.152 13,543 76,263 6,326 12,891 17,326 10,405 27,092 6,566 3,178 8,394 12,515 28,653 Total loans and securities 233,699 13,988 78,722 6,601 13.313 17,890 10,756 28.017 6,975 3,402 8,744 15,695 29,596 Items in process of collection 7,955 473 942 405 304 537 773 643 431 369 1,032 587 1,459 Bank premises 730 92 33 47 32 119 57 88 20 23 46 21 152 Other assets 3 15,730 550 3.835 554 744 819 1,003 4,138 373 357 530 1,021 1,806 Interdistrict settlement account -0- f 1,228 + 1,244 + 182 - 79 ^- 1,042 - 854 - 161 - 23 + 628 + 461 - 3,480 - 188 TOTAL ASSETS 274,579 17,346 89,591 8,361 15,309 21,841 12,575 34,801 8,332 5,023 11,546 14,863 34,991 1 Does net 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. 2 Net of $ 5,357 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 749 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 $ 60 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 17. 1988 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ^^LLIIAABBIILLIITTIIEESS FFeeddeerraall RReesseerrvvee nnootteess 218.555 14,286 7 4,0 ..6 3,800 13,218 17,901 7,541 30,409 6,703 3,931 9,153 11,421 24,146 Deposits: Depository institutions 37.197 2.330 8,610 1,909 1,374 2,986 3,835 2,809 979 525 1,076 2,354 8,410 U.S. Treasury-general account 3,672 — 3.672 -- -- -- — -- -- — — — — Foreign-official accounts 234 5 123 7 8 9 13 19 4 5 6 13 22 Other 324 1 166 -- 2 33 1 67 — 1 3 47 3 Total deposits 41,427"' """" 2,336 " 12", 571" """ r,9~i6" """ 1,'384~"" "'" 3".028" " 3 ,"849"'"' "" 2,895" '" 983""" 5 - 3T 1,085 2.414 8,435 Deferred credit items 7,477 393 8 74 357 311 441 671 584 441 383 1.024 549 1,449 Other liabilities and accrued dividends 1 2.632 165 888800 7777 115500 220033 112255 333344 79 41 101 114455 332 TOTAL LIABILITIES 270.091 17.180" 8888,,337711 88,,""115500 """""" 1155,,00**66 33"" yyff..33 7733 "" 1122,,118866 "" "" "" 3344,,22""2222 8", 206 4,886 11.363 1144,,55~~2299 34,362 CAPITAL ACCOUNTS Capital paid in 2,075 74 552 101 113 121 187 268 58 66 86 154 295 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 366 24 122 13._ 20 33 _ 2J___ 50 10 8 12 5 _43__ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 274,579 17.346 89,391 8,361 15.309 21,841 12,575 34,801 8,332 5,023 11.546 14,863 34,991 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 263,153 17,519 79,073 9,484 15.670 22,394 11,656 33.274 8,632 4,785 11,706 14,824 34,136 Less-Held by F.R. Banks 44,598 3,233 5,027 3,684 22..445522 44,,449933 44..111155 22,,886655 11,,992299 885544 22,,555533 33,,440033 9,990 F.R. notes, net 218,555 14,286 74,046 5,800 1133..221188 1177,,990011 77 ,,""5544 11 3300,,440099 66,,770033 33,,993311 99,,115533 1111,,442211 24,146 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 202,475 Total collateral 218,555 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