H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•jJkS&t FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when -rf^m 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 September 1. 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.. 3311,, 11998888 Au*u>24, 1988.'Sept. 2, 1987 Aug. 31, 1988 Reserve Bank credit: L* 251,874 + 1,857 + 20,229 251,520 U.S. government securities- Bought outright—system account 223,018 + 759 + 15,692 222,795 Held under repurchase agreements Federal agency obligations- Bought outright 7,191 433 7,191 Held under repurchase agreements Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 3,342 + 120 + 2,796 3,237 Includes: seasonal borrowing of 459 + 20 + 196 440 extended credit of 2,697 + 67 + 2,560 2,682 Float 501 + 75 40 659 Other F.R. assets 17,822 -»- 906 + 2,213 17,638 Gold stock 11,062 6 11,061 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 18,572 + 10 + 618 18,581 Total factors supplying reserve funds 286,527 + 1,868 + 20,841 286,180 Currency in circulation4 235,166 475 + 18,625 235,882 Treasury cash holdings* 397 + 3 68 397 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,725 + 609 + 229 4,390 Foreign 259 + 46 + 41 231 Service-related balances and adjustments3 1,778 95 195 1,634 Other 540 + 225 + 163 392 Other F.R. liabilities and capital 7,358 + 8 + 586 7,020 Total factors, other than reserve balances, absorbing reserve funds 249,222 + 319 + 19,380 249,946 Reserve balances with F.R. Banks4 37,304 -»- 1,548 + 1,461 36,234 On August 31, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 223,518 million, a decrease of $ 1,587 million for the week. 1 Net of $ 5,492 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ '5,492 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,714 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,714 million was with foreign official and international accounts. Includes $ 445 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ i,634 million and adjustments of $ 144 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 31, 1988 August 24, 1988 September 2, 1987 ASSETS Oold certificate account j 11,061 - 1 - 7 Special Drawing Rights certificate account 5,018 —" — Coin 370 - 10 - 67 Loans 3,237 - 81 + 2,731 Acceptances- Held under repurchase agreements — — -- Federal agency obligations- Bought outright 7,191 — - 432 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright—Bills 105,818 + 2,322 + 1,525 Notes 87,484 — + 12,232 Bonds 2299,,449933 — ++ 2,395 Total bought outright? 222222,,779955 ++ 2,322 ++ 16,152 Held under repurchase agreements 1 — — — Total U.S. government securities 222,795 ++ 2,322 ++ 16,152 Total loans and securities 233,223 + 2,241 + 18,451 Cash items in process of collection (999) 6,283 + 46 - 569 Bank premises 732 — 1 + 47 Other assets 3 16,906 + 136 + 1,838 TOTAL ASSETS (999) 273,593 + 2,411 + 19,693 LIABILITIES Federal Reserve notes 218,068 + 496 + 17,853 Deposits: Depository institutions 37,868 + 861 + 3,313 U.S. Treasury—general account . 4,390 + 887 1,140 Foreign—official accounts 231 + 16 + 18 Other 392 + 98 + 43 Total deposits 42,881 + 1,862 + 2,234 O De th fe e r r r e li d a b a i v li a ti i e la s b a il n it d y a c c a c s r h u e it d e m di s v idends4 (999) 5,624 + 203 693 TOTAL LIABILITIES 2,613 — 54 + 366 (999) 269,186 + 2,507 + 19,760 CAPITAL ACCOUNTS Capital paid in 2,083 + 4 + 98 Surplus 2,041 - 6 + 167 Other capital accounts 283 - 94 - 332 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 tranaactlons to foreign official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 5,714 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 445 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 $ 88 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 31, 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 JWeekly changes Within 15 days 3,063 1100,,777744 ++ 1,256 228877 30 10 days to 90 days 174 5500,,339933 ++ 3,202 666600 ** 16 • 91 days to 1 year 6666,,229966 2,108 11,,664477 8 Over 1 year to 5 years —— 5555,,112244 28 33,,226688 ++ 95 Over 5 years to 10 years 1133,,770000 11,,114400 40 Over 10 years 2266,,550088 118899 1 Total 3,237 222222,,779955 ++ 2,322 77,,119911 0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.41 JM STA7*-w-:^T OF %Q?OITION OF EACH FEDERAL RESERVE BANK ON August 31. 1988 M»Mto.T5 of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansa. Dallas S^n City Francjsco ASSETS Gold certificate account 11,061 680 3,311 389 655 917 584 1,394 368 168 490 f>7b 1,4;>9 Special Drawing Rights certif. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 30 7 Com 370 18 13 20 23 54 51 27 27 9 27 36 65 Losns 3,237 11 5 55 6 4 25 52 208 109 87 2,656 ?9 Acceptance? held undsr repurchase agreements Federal age^y csbligations: Bought outrifjht 7,191 436 2,458 204 415 558 335 873 212 103 271 403 923 Held under repurchase agreements * U.S. government securities: Bought outright-Bills 105,818 6,422 36,164 3,000 6,112 8.216 4,934 12.847 3,113 1,508 3.980 5,935 13,587 Notes 87,484 5.310 29,898 2,480 5,054 6,792 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 1,376 3.580 866 420 1,109 1.654 3,787 TToottaall bboouugghhtt oouuttrriigghhtt 22 222,795 13,522 76,141 6,316 12,870 17.298 10,389 27.048 6,555 3,174 8.380 12,495 28,607 HH**MM uurr««ddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 TToottaall UU..SS.. 99oovv**rr!!??mm««nntt sseeccuurriittiieess 222,795 13,522 76,14! 6,316 12,870 17,298 10,389 27.048 6,555 3,174 8.380 12,495 28,607 Yotail loans ®«d s*HCurftlaa 233,223 13,969 78,604 6,575 13,291 17,860 10,749 27.973 6.975 3,386 8.738 15,554 29,549 Items in process of collection 7,282 377 860 391 278 458 740 623 389 327 1,023 500 1,316 Bank premises 732 92 33 47 32 120 57 89 20 23 46 21 152 Other assets 3 16,906 592 4,167 605 803 892 1,092 4,321 409 384 573 1,104 1,964 tntcrdistrtct settlement account -0- f 1,032 + 1,998 + 276 + 916 + 1,131 - 537 - 293 + 75 + 715 + 321 - 3,760 - 1,874 TOTAL ASSETS 274.592 17,074 90.475 8,465 16,312 21,893 12,939 34,790 8.423 5,078 11,434 14,438 33,271 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. Me* of $ 5.714 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 445 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 $ 88 million in Treasury Btth 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 31, 1988 Millions of dollars ___^ Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federa\ Reserve notes 218,068 14,082 74,710 5,878 13,708 17,776 7,339 30,078 6,638 3,859 9,041 11,408 23.551 Deposits: Depository institutions 37,868 2,276 8,240 1,975 1,936 3,222 4,468 3,193 1,233 702 1,114 2,032 7,477 U.S. Treasury-general account 4,390 — 4,390 — — — — — — — — — — Foreign-official accounts 231 5 120 7 8 9 13 19 4 5 6 13 22 Other 392 1 211 1 3 19 2 101 — — 2 48 4 Total deposits 42,881 2,282 12,961 1,983 1,947 3,250 4,483 3,313 1,237 707 1,122 2,093 7,503 Deferred credit items 6.623 382 725 320 267 400 611 503 347 336 996 471 1,263 Other liabilities and accrued dividends' 2,613 163 878 76 148 205 124 327 77 41 99 144 331 TOTAL LIABILITIES 270,185 16,909 89,274 8,257 16,070 21,631 12,557 34,221 8,299 4,943 11,258 14,116 32,650 CAPITAL ACCOUNTS Capital paid in 2,083 74 556 101 114 121 188 268 59 66 85 153 298 Surplus 2,041 68 541 97 113 114 181 261 58 63 85 169 291 Other capital accounts 283 23 104 10 15 27 13 40 7 6 6 — 32 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 274,592 17,074 90,475 8,465 16,312 21,893 12,939 34,790 8.423 5,078 11,434 14,438 33,271 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 263,958 17,408 80,270 9,466 16,126 22, »7 11,695 33,006 8,617 4,764 11,602 14,850 33,897 Less-Held by F.R. Banks 45,890 3,326 5,560 3,588 2,418 4.481 4,356 2,928 1,979 905 2,561 3,442 10,346 F.R. notes, net 218,068 14,082 74,710 5,878 13,708 17,776 7,339 30,078 6,638 3,859 9,041 11,408 23.551 Collateral held against F.R. notes: Gold certificate account 11,061 Special Drawing Rights cert if. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 201,989 Total collateral 218,068 ii 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