H.4.1 Factors Affecting Reserve Balances of Depository Institutions

UOV^QV; FEDERAL RESERVE Tftese 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 25, 1988 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss AAuugg.. 2244,, 11998888 Aug . 17, 1988 Aug. 26, 1987 Aug. 24, 1988 Reserve Bank credit: 1 2 250,053 - 2,029 + 19,067 249,301 U.S. government securities- Bought outright—system account 222,259 - 1,483 + 16,389 220,473 Held under repurchase agreements — — - 520 — Federal agency obligations- Bought outright 7,191 - 1 - 432 7,191 Held under repurchase agreements — — - 124 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 3,222 - 45 + 2,310 3,318 Includes: seasonal borrowing of 439 + 16 + 220 439 extended credit of 2,630 - 81 + 2,500 2,692 Float 467 + 57 - 52 816 Other F.R. assets 16,911 - 561 + 1,494 17,503 Gold stock 11,062 — - 7 11,062 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,562 + 10 + 621 18,571 Total factors supplying reserve funds 284,695 - 2,020 + 19,682 283,952 Currency in circulation* 235,641 _ 825 + 19,114 235,366 Treasury cash holdings* 394 - 4 - 77 397 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,116 + 440 — 3,503 Foreign 213 - 10 - 39 215 Service-related balances and adjustments3 1,873 - 125 - 87 1,637 Other 315 - 42 - 37 294 Other F.R. liabilities and capital 7,350 - 50 + 646 7,170 Total factors, other than reserve balances, absorbing reserve funds 248,903 - 615 + 19,521 248,582 Reserve balances with F.R. Banks4 35,792 - 1,404 + 163 35,370 On August 24, 1988 » marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 225,105 million, an increase of $ 39 million for the week. 1 Net of $ 6,250 nnilllon, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5 496 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 8 036 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5 486 'million was with foreign official and international accounts. Includes $ million securities loaned—fully secured 329 U.S. government securities. 3 Consists of required clearing balances of $ 1,637 million and adjustments of $ 236 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 •• WWeeddnneessddaayy Wednesday Wednesday August 24, 1988 August 17, 1988 August 26, 1987 ASSETS Gold certificate account 11,062 — — 6 Special Drawing Rights certificate account 5,018 — — Coin 380 - 5 - 62 Loans 3,318 - 38 + 345 Acceptances— Held under repurchase agreements — — — Federal agency obligations- Bought outright 7,191 — - 433 Held under repurchase agreements1 — — - 869 U.S. government securities: Bought outright—BWs 103,496 2,679 + 38 Notes 87,484 — + 12,232 Bonds 2299,,449933 — ++ 2,394 Total bought outright2 222200,,447733 __ 2,679 ++ 14,664 Held under repurchase agreements1 — — 3,639 Total U.S. government securities 220,473 .. 2,679 ++ 11,025 Total loans and securities 230,982 - 2,717 + 10,068 Cash items in process of collection (968) 6,237 - 650 - 164 Bank premises 733 + 3 + 46 Other assets 3 16,770 + 1,040 + 1,838 TOTAL ASSETS (968) 271,182 - 2,329 + 11,720 LIABILITIES Federal Reserve notes 217,572 _ 983 + 18,203 Deposits: Depository institutions 37,007 _ 190 _ 6,083 U.S. Treasury—general account 3,503 _ 169 _ 452 Foreign—official accounts 215 _ 19 _ 2 Other 294 _ 30 _ 192 Total deposits 41,019 _ 408 _ 6,729 Deferred availability cash items ((996688)) 55,,442211 988 266 Other liabilities and accrued dividends4 22,,666677 + 35 + 269 TOTAL LIABILITIES ((996688)) 226666,,667799 2,344 + 11,477 \ CAPITAL ACCOUNTS Capital paid in 2,079 + 4 + 96 Surplus 2,047 + 173 Other capital accounts 377 + 11 26 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 $ 8,036 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 329 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 $ 71 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 24, 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 3,254 — 9,518 - 2,643 317 — 16 days to 90 days 64 — 47,191 - 185 676 — 91 days to 1 year — — 68,404 + 149 1,655 — Over 1 year to 5 years — — 55,152 — 3,173 — Over 5 years to 10 years — — 13,700 — 1,180 — Over 10 years — —— 2266,,550088 — 119900 — Total 3,318 222200,,447733 2,679 77,,119911 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 24, 1988 Millions of do liars 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 i ,429 Special Drawing Rights certif. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 380 20 12 21 24 55 52 28 28 10 28 37 65 Loans 3,318 11 1 76 7 8 18 57 192 129 125 2,676 18 Acceptances held under repurchase agreements Federal agency obligations: Bought outriqht 7,191 436 2,458 204 415 558 335 873 212 103 271 403 923 Held under repurchase agreements i -- — — — — — — — — — — — — U.S. government securities: Bought outright-Bills 103,496 6,281 35,370 2,934 5,979 8,036 4,826 12,565 3,045 1,474 3,893 5,804 13,289 Notes 87,484 5,310 29,898 2,480 5,053 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 2 220,473 13,381 75,347 6,250 12,736 17,118 10,280 26,767 6,487 3,140 8,293 12,365 28,309 Held under repurchase agreements 1 , — — — — — — — — -- — — — — Total U.S. government securities 220,473 13,381 75,347 6,250 12,736 17,118 10,280 26,767 6,487 3,140 8,293 12,365 28,309 Total loans anti securities 230,982 13,828 77,806 6,530 13,158 17,684 10,633 27,697 6,891 3,372 8,689 15,444 29,250 Items in process of collection 7,205 427 908 390 284 396 644 592 429 333 980 476 1,346 Bank premises 733 92 33 47 32 120 58 89 20 23 46 21 152 Other assets 3 16,770 581 4,114 591 794 876 1,076 4,262 402 375 565 1,077 2,057 Interdistrict settlement account -0- + 847 + 2,386 + 51 + 99 + 685 - 909 + 180 - 175 + 583 + 371 - 3,590 - 528 TOTAL ASSETS 272,150 16,789 90,060 8,181 15,360 21,194 12,341 34,898 8,123 4,930 11,385 14,448 34,441 1 Does not inciude 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 $ 8,036 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 329 million securities loaned-fully secured by U.S. government securities. 3 Inciudes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 71 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 24, 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 217,572 14,005 74,070 5,881 13,491 17,716 7,568 30,020 6,622 3,914 9,066 11,470 23,749 Deposits: Depository institutions 37,007 2,102 9,457 1,693 1,218 2,617 3,611 3,346 927 503 1,078 1,999 8,456 U.S. Treasury—general account 3,503 — 3,503 — — — — — — — — Foreign—official accounts 215 5 105 7 8 9 13 19 4 5 6 13 21 Other 294 1 140 1 1 19 2 79 — ~ 2 47 2 Total deposits 41,019 1 27T08 13,205 1,701 1,227 2,645 3,626 3,444 931 508 1,086 2,059 8,479 Deferred cred t items 6,389 345 651 312 244 362 630 521 366 329 949 442 1,238 Other liabilities and accrued dividends1 2,667 164 911 75 152 202 127 332 77 41 101 145 340 TOTAL LIABILITIES 267,647 16,622 88,837 7,969" 15,114 20,925 "11,951 34,317 7,996 4,792 11,202 14,116 33,806 CAPITAL ACCOUNTS Capital paid in 2,079 74 556 101 113 121 187 268 58 66 86 154 295 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 377 25 126 14 20 34 22 52 11 9 12 3 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 272,150 16,789 90,060 8,181 15,360 21,194 12,341 34,898 8,123 4,930 11,385 14,448 34,441 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 263,770 17,4-39 79,435 9,497 16,020 22,344 11,877 33,106 8,641 4,775 11,634 14,883 34,119 Less-Held by F.R. Banks 46,198 3,434 5,365 3,616 2,529 4,628 4,309 3,086 2,019 861 2,568 3,413 10,370 F.R. notes, net 217,572 14,005 74,070 5,881 13,491 17,716 7,568 30,020 6,622 3,914 9,066 11,470 23,749 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 201,492 Total collateral 217,572 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