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 •*«!FSr^?-"" 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 October 6, 1988 l Averages of dally figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddeedd """"C hange from week ended ] Wednesday OOcctt.. 55,, 11998888 Sept. 28, 198 J Oct. 7, 1987 1 Oct. 5, 1988 Reserve Bank credit: 12 258,706 p__* 603 1 + W77W ^51,579 U.S. government securities- Bought outright—system account 223,243 - 1,162 + 11,334 219,636 Held under repurchase agreements 3,920 + 342 + 3,920 Federal agency obligations- Bought outright 7,191 — - 432 7,191 Held under repurchase agreements 2,304 - 220 + 2,304 *~~ Acceptances- Bought outright — —— "*— "*** Held under repurchase agreements — *— "•*"" Loans to depository institutions 2,621 + 364 + 1,428 5,173 Includes: seasonal borrowing of 415 - 35 + 211 378 extended credit of 1,707 + 6 + 1,239 2,101 Float 1,353 + 414 + 476 1,557 Other F.R. assets 18,074 - 341 + 1,769 18,022 Gold stock 11,063 — - 16 11,064 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,639 •f 14 -1- 623 18,651 Total factors supplying reserve funds 293,425 - 590 + 21,404 286,312 Currency in circulation* 235,859 + 763 + 1188,,442277 223366,,666688 7766 338888 Treasury cash holdings* 388 ~ 1 Deposits, other than reserve balances, with F.R. Banks: Treasury 9,890 - 2,319 + 4,549 3,917 Foreign 268 1 + 33 19 174 - Service-related balances and adjustments 3 1,815 44 255 1,605 Other 344 - 96 - 103 315 Other F.R. liabilities and capital 7,802 •1- 128 -1- 831 7,336 Total factors, other than reserve balances, !i absorbing reserve funds 256,365 - 1,538 + 23,353 250,403 Reserve balances with F.R. Banks4 37,060 + 949 - 1,950 35,909 On October 5, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 225,395 million, an increase of $ 1,318 million for the week. 1 Net of $ 6,546 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,918 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 10,152 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,753 rnillion was with foreign official and international accounts. Includes $ 309 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,505 million and adjustments of $ 210 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 October 5, 1988 September 28, 1988 October 7. 1987 ASSETS Gold certificate account 11,064 + 1 - 21 Special Drawing Rights certificate account 5,018 — — Coin 398 + 14 - 56 Loans 5,173 + 2,509 + 5,791 Acceptances- Held under repurchase agreements _ _ _ — __ Federal agency obligations- Bought outright 7,191 — 432 Held under repurchase agreements'* _ 3,094 U.S. government securities: Bought outright—Bills 102,659 _ 6,379 „ 2,127 Notes 87,484 + 8,940 BBoonnddss 29,493 — + 1,881 TToottaall bboouugghhtt oouuttrriigghhtt** 219,636 _ §§§^^^333777??? + 8,694 Held under repurchase agreements1 —— Total U.S. government securities 219,636 222,,,888444333 ++ 8769^ Total loans and securities 232,000 - 9999,,,,222822202227 + 12,053 Cash items in process of collection (938) 8,052 + 1,264 + 294 Bank premises 737 + 4 + 44 Other assets 3 17,285 - 456 + 1 294 TOTAL ASSETS (938) 274,554 - 8,980 + 13.608 LIABILITIES Federal Reserve notes 218,803 + 1,418 + 17,714 Deposits: Depository institutions 37,514 + 112 _ 5,529 U.S. Treasury—general account 3,917 _ 10,777 + 1,101 Foreign—official accounts 174 _ 157 46 Other 315 _ 56 _ 57 Total deposits 41,920 10,878 4,531 Deferred availability cash items Other liabilities and accrued dividends4 ((993388)) 6,495 + 653 + 37 2,821 132 + 195 TOTAL LIABILITIES ((993388)) 270,039 8,939 + 13, U5 CAPITAL ACCOUNTS Capital paid in 2,097 — + 88 Surplus 2,047 — + : 74 Other capital accounts 371 - 41 - 69 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 of icial and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $10,152 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 3C9 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 $ 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, October 5, 1988 Acceptances and securities held under repurchase agreements are ciassified as maturing within 15 days in accordance with maxinum maturity of the agreements. U.S. government securities Federal agency obiigatic ns Loans Acceptances Holdings [Weekly changes Holdings |Weekty ch anges Within 15 days 4,978 6,553 8,099 215 : ,094 16 days to 90 days 195 48,746 3,451 793 51 91 days to 1 year 68,726 5,840 1,563 51 Over 1 year to 5 years 55,403 3,512 3,293 Over 5 years to 10 years 13,700 1,138 Over 10 years 26,508 189 Total 5,173 219,636 9,222 7,191 3,094 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 October 5, 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 11,064 680 3,314 389 655 917 584 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 398 20 15 24 26 58 54 35 27 10 28 34 67 Loans 5,173 302 2,095 100 5 3 43 118 195 90 69 2,084 69 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 ' — — — — — — — — — — — — — U.S. government securities: Bought outright-Bills 102,659 6,230 35,084 2,911 5,930 7,971 4,787 12,463 3,021 1,462 3,861 5,758 13,181 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 2,290 375 3,581 868 420 1,109 1,654 3.787 Total bought outright 2 219,636 13,330 75,061 6,227 12,688 17,053 10,241 26,665 6,463 3,128 8,261 12,318 28,201 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 219,636 13,330 75,061 6,227 12,688 17,053 10,241 26,665 6,463 3,128 8,261 12,318 28,201 Total loans and securities 232,000 14,068 79,614 6,531 13,108 17,614 10,619 27,656 6,870 3,321 8,601 14,805 29,193 Items in process of collection 8,990 499 1,061 464 370 651 827 954 430 393 795 762 1,784 Bank premises 737 92 33 46 32 121 58 93 20 23 46 22 151 Other assets 3 17,285 628 4,305 629 825 924 1,101 4,346 421 387 595 1,114 2,010 Interdistrict settlement account -0- + 844 + 1,804 + 162 + 610 + 2,271 - 672 + 184 - 192 + 696 + 396 - 3,474 - 2,629 TOTAL ASSETS 275,492 17,145 91,635 8,407 15,940 23,017 12,774 35,318 8,104 5,064 11,167 14,246 32,675 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 $ 10,152 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 309 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated 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 October 5, 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 218,803 13,878 75,573 5,857 13,976 18,413 7,112 30,344 6,641 3,773 8,945 11,267 23,024 Deposits: Depository institutions 37,514 2,487 8,879 1,872 1,273 3,591 4,397 3,294 891 711 1,151 1,938 7,030 U.S. Treasury—general account 3,917 3,917 Foreign—official accounts 174 5 64 7 8 9 13 19 4 5 6 13 21 Other 315 1 152 1 4 41 2 107 1 3 3 Total deposits 41,920 2,493 13,012 1,880 1,285 3,641 4,412 3,420 895 716 1,158 1,954 7,054 Deferred credit items 7,433 430 870 378 273 479 716 614 360 393 775 538 1,607 Other liabilities and accrued dividends 1 2,821 176 950 82 162 217 135 351 82 45 107 156 358 TOTAL LIABILITIES 270,977 16,977 90,405 8,197 15,696 22,750 12,375 34,729 7,978 4,927 10,985 13,915 32,043 CAPITAL ACCOUNTS Capital paid in 2,097 74 556 102 113 122 194 273 58 67 86 153 299 Surplus 2.047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 371 26 133 11 18 31 24 55 10 7 11 3 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 275,492 17,145 91,635 8,407 15,940 23,017 12,774 35,318 8,104 5,064 11,167 14,246 32,675 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 265,681 17,180 81,579 9,421 16,457 22,817 11,386 33,620 8,489 4,695 11,431 14,678 33,928 Less-Held by F.R. Banks 46,878 3,302 6,006 3,564 2,481 4,404 4,274 3,276 1,848 922 2,486 3,411 10,904 F.R. notes, net 218,803 1133,,887788 7755,,557733 •• 55,,885577 1133,,997766 1188,,441133 77,,111122 3300,,334444 66,,664411 33,,777733 88,,994455 1111,,226677 23,024 Collateral held against F.R. notes: Gold certificate account 11,064 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 202,721 Total collateral 218,803 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