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 September 29, 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 SSeepptt.. 2288,, 119988SS SJ£JU : 21r 1Q88 Sept. 30f 1987 Sept. 28. 1988 Reserve Bank credit: 1 2 259,309 + 803 + 17,474 261,227 U.S. government securities- Bought outright—system account 224,405 + 519 + 12,692 226,015 Held under repurchase agreements 3,578 ~ 562 + 430 2,843 Federal agency obligations- Bought outright 7,191 — 432 7,191 Held under repurchase agreements 2,524 + 828 + 1,589 3,094 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 2,257 - 654 + 1,060 2,664 Includes: seasonal borrowing of 450 + 28 + 194 460 extended credit of 1,701 + 30 + 1,232 2,096 Float 939 - 51 + 436 946 Other F.R. assets 18,415 + 723 + 1,698 18,474 Gold stock 11,063 + 1 5 11,063 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,625 + 14 + 621 18,637 Total factors supplying reserve funds 294,015 + 818 + 18,089 295,945 Currency in circulation* 235,096 _ 1,074 + 18,540 235,248 Treasury cash holdings* 389 — 70 389 Deposits, other than reserve balances, with F.R. Banks: Treasury 12,209 + 3,238 2,146 14,694 Foreign 235 + 4 28 331 Service-related balances and adjustments 3 1,877 + 64 122 1,621 Other 440 - 27 44 371 Other F.R. liabilities and capital 7,674 - 42 + 580 7,509 Total factors, other than reserve balances, absorbing reserve funds 257,921 + 2,165 + 16,711 260,163 Reserve balances with F.R. Banks4 36,093 - 1,348 + 1,377 35,781 On Septmeber 28, 1988 • marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 224,077 m'"l0n. an increase of $ 88 million for the week. 1 Net of $ 5,384 million, daily averag'e, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,384 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,774 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,774 million was with foreign official and international accounts. Includes $ 126 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1 621 million and adjustments of $ 256 million to compensate for float. f 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 WedneiE day September 28, 198£ September 21, 1988 Septeml: er 30, 1987 ASSETS Gold certificate account 11,063 — - 12 Special Drawing Rights certificate account 5,018 — — Coin 384 + 6 - 65 Loans 2,664 - 4,709 + 723 Acceptances— __ Held under repurchase agreements Federal agency obligations- Bought outright 7,191 - 432 Held under repurchase agreements'1 3,094 _ 445 + 3,094 U.S. government securities: Bought outright—Bills 109,038 + 1,964 + 3,253 Notes 87,484 + 8,940 BBoonnddss 29,493 — + 1,881 TToottaall bboouugghhtt oouuttrriigghhtt22 226,015 + 1,964 + 14,074 Held under repurchase agreements1 2,843 _ 10,695 + 2,843 Total U.S. government securities 228,858 _ 8,731 + 1D 917 ' Total loans and securities 241,807 _ 13,885 + 20,302 Cash items in process of collection (1,098) 6,788 _ 579 + 501 Bank premises 7T1 22 ++ 4455 Other assets3 17,741 + 228866 ++ 11,,335599 TOTAL ASSETS (1,098) 283,534 1144,,117744 ++ 2222,,113300 LIABILITIES Federal Reserve notes Deposits: 217,385 •~ 515 + 17,705 Depository institutions 37,402 - 8,369 - 1,625 U.S. Treasury—general account 14,694 - 4,320 + 5,574 Foreign—official accounts 331 + 119 _ 125 Other 371 + 27 _ 48 Total deposits 52,798 - 12,543 + 3,776 Deferred availability cash items (1,098) 5,842 „ 739 197 Other liabilities and accrued dividends4 2.953 _ 412 + 556677 TOTAL LIABILITIES (1,098) 278,978 - 14,209 + 2211,,885511 CAPITAL ACCOUNTS Capital paid in 2,097 + 7 + 88 S O u th rp er l u c s apital accounts 2,0 4 4 1 7 2 + 28 + + 17 1 4 7 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 $ 2,291 million was outstanding at the end of the latest statement week. Net of $ 3,774 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 126 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special invesitment account at Chicago of $ 93 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,September 28, 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 |Week!y changes Within 15 days 2,575 — 14,652 - 8,411 3,309 - 445 16 days to 90 days 89 — 52,197 + 2,110 742 + 23 91 days to 1 year — — 62,886 - 6,221 1,614 - 19 Over 1 year to 5 years — — 58,915 + 3,791 3,293 - 2 Over 5 years to 10 years — — 13,700 — 1,138 - 2 Over 10 years — --^^55 2266,,550088 __ — 118899 __ —_ Total 2,664 222288,,885588 8,731 1100,,228855 445 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 September 28, 1988 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Gold certificate a A c S c S o E un T t S 11,063 680 3,313 389 655 917 584 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 3C7 670 CCooiinn 384 19 13 23 23 57 53 31 27 10 28 35 65 LLooaannss 2,664 6 10 37 6 5 46 41 218 107 88 2,080 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 3,094 3,094 U.S. government securities; Bought outright-Bills 109,038 6,618 37,264 3,092 6,299 8,466 5,084 13,237 3,208 1,553 4,101 6,115 14,001 NNNNooootttteeeessss 87,484 5,309 29,898 2,480 5,053 6,792 4,080 10,621 2,574 1,246 3,291 4,907 11,233 BBBBoooonnnnddddssss 29,493 1,790 10,079 836 1,704 2,290 1,375 3,581 868 420 1,109 1,654 3,787 TTTToooottttaaaallll bbbboooouuuugggghhhhtttt oooouuuuttttrrrriiiigggghhhhtttt 2222 226,015 13,717 77,241 6,408 13,056 17,548 10,539 27,439 6,650 3,219 8,501 12,676 29,021 HHHHeeeelllldddd uuuunnnnddddeeeerrrr rrrreeeeppppuuuurrrrcccchhhhaaaasssseeee aaaaggggrrrreeeeeeeemmmmeeeennnnttttssss 1111 2,843 2,843 TTTToooottttaaaallll UUUU....SSSS.... ggggoooovvvveeeerrrrnnnnmmmmeeeennnntttt sssseeeeccccuuuurrrriiiittttiiiieeeessss 228,858 13,717 80,084 6,408 13,056 17,548 10,539 27,439 6,650 3,219 8,501 12,676 29,021 TToottaall llooaannss aanndd sseeccuurriittiieess 241,807 14,159 85,646 6,649 13,477 18,111 10,920 28,353 7,080 3,429 8,860 15,159 29,964 IItteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn 7,886 386 1,114 341 271 478 727 643 333 350 1,058 592 1,593 BBaannkk pprreemmiisseess 17,7 7 4 3 2 3 6 9 3 2 2 4,55 3 4 2 64 4 4 6 83 3 7 2 9 1 3 2 8 1 1,10 5 7 8 4,40 9 2 1 43 2 3 0 38 2 5 3 59 4 5 6 1,12 2 0 1 2,0 1 9 5 4 1 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- • 1 243 + 5,844 + 41 + 527 4 1,001 - 1,731 - 731 - 367 + 342 - 48 - 3,488 - 1,633 TTOOTTAALL AASSSSEETTSS 284,632 16,525 102,005 8,295 16,136 22,084 11,921 34,839 8,054 4,773 11,245 14,422 34,333 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 $ 2 ,29 lmillion was outstanding at the end of the latest statement week. 2 Net of $ 3, 774 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 126 million securities loaned-fully secured by U.S. government securities. 3 includes assets aenominated in foreign currencies, revaiued monthly at market exchange rates. Includes special investment account at Chicago of $ 93 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 September 28, 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 217,385 13,859 75,180 5,785 13,858 18,262 7,077 30,109 6,571 3,823 8,895 11,276 22,690 Deposits: Depository institutions 37,402 1,982 8,358 1,825 1,613 2,887 3,652 3,161 911 414 1,080 2,192 9,327 U.S. Treasury-general account 14,694 — 14,694 — — — — — — — — — — Foreign—official accounts 331 5 221 7 8 9 13 19 4 5 6 13 21 Other 371 1 226 1 1 32 3 101 — — — 3 3 Total deposits 52,798 1 1,988 23,499 1,833 1,622 2,928 3,668 3,281 915 419 1,086 • 2,208 9,351 Deferred credit items 6,940 338 951 385 252 414 644 515 353 349 979 455 1,305 Other liabilities and accrued dividends * 2,953 171 1,129 78 157 210 134 343 89 43 103 152 344 TOTAL LIABILITIES 280,076 16,356 100,759 8,081 15,889 21,814 11,523 34,248 7,928 4,634 11,063 14,091 33,690 CAPITAL ACCOUNTS Capital paid in 2,097 74 556 102 114 122 194 273 58 67 86 153 298 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 412 27 149 15 20 34 23 57 10 9 11 3_ 54 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 284,632 16,525 102,005 8,295 16,136 22,084 11,921 34,839 8,054 4,773 11,245 14,422 34,333 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 265,693 17,257 81,475 9,403 16,397 22,913 11,540 33,459 8,521 4,714 11,458 14,754 33,802 Less-Held by F.R. Banks 48,308 3,398 6,295 3,618 2,539 4,651 4,463 3,350 1,950 891 2,563 3,478 11,112 F.R. notes, net 217,385 13,859 75,180 5,785 13,858 18,262 7,077 30,109 6,571 3,823 8,895 11,276 22,690 Collateral held against F.R. notes: Gold certificate account 11,063 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- US. govt, and agency securities 201,304 Total collateral 217,385 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