H.4.1 Factors Affecting Reserve Balances of Depository Institutions

IgtcovA' FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •f*4i.R£**; 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 13. 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 OOcctt.. 1122,, 11998888 Oct . 5, 1988 Oct. 14, 1987 Oct. 12, 1988 Reserve Bank credit: 1> * 255,482 - 3,192 + 18,935 256,648 U.S. government securities- Bought outright—system account 226,071 + 2,828 + 15,191 225,669 Held under repurchase agreements — - 3,920 — — Federal agency obligations- Bought outright 7,190 - 1 - 433 7,186 Held under repurchase agreements — - 2,304 — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 2,124 - 497 + 1,222 2,279 Includes: seasonal borrowing of 349 - 66 + 170 330 extended credit of 1,678 - 29 + 1,121 1,877 Float 1,265 - 57 + 558 2,992 Other F.R. assets 18,832 + 759 + 2,397 18,522 Gold stock 11,066 + 3 _ 18 11,067 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,653 + 14 + 623 18,665 Total factors supplying reserve funds 290,219 - 3,174 + 19,538 291,398 Currency in circulation* 237,607 + 1,751 + 18,636 238,324 Treasury cash holdings* 406 + 15 „ 69 406 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,211 _ 4,679 + 1,930 4,842 Foreign 237 _ 31 + 29 273 Service-related balances and adjustments3 1,932 + 117 _ 11 1,628 Other 307 _ 37 _ 43 308 "Other F.R. liabilities and capital 7,561 - 241 + 527 7,405 Total factors, other than reserve balances, absorbing reserve funds 253,260 - 3,105 + 20,998 253,186 Reserve balances with F.R. Banks « 36,958 - 70 - 1,463 38,212 On October 12, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official md international accounts were $ 226,211 million, an increase of $ 816 million for the week. 1 Net of $ 3,717 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,717 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,119 miiiion matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,119 million was with foreign official and international accounts. Includes $ 375 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,628 miiiion and adjustments of $ 304 million to compensate for float. A 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 SANKS Millions of dollars ^ ^ _ _^ Change since ** WWeeddnneessddaayy Wednesday Wednesday October 12, 1988 October 5. 1988 October l&- iQft? ASSETS Gold certificate account 11,067 + 3 19 Special Drawing Rights certificate account 5,018 Coin 406 + 8 — 50 Loans 2,279 _ 2,894 + 1,350 Acceptances- Held under repurchase agreements | — —«. __ Federal agency obligations- Sought outright 7,186 - 5 - 437 Held under repurchase agreements1 — — —. U.S. government securities: Sought outright—Bills 108,692 + 6,033 + 2,754 Notes 87,484 — + J,940 Bonds 29,493 — + 1,881 Total bought outright^ 225,669 + 6,033 + 1 ),575 Held under repurchase agreements 1 — Total U.S. government securities 225,669 + 66,,333311 + Til, 575 Total loans and securities 235,134 + 33,,113344 + In,488 Cash Items in process of collection (1,602) 12,521 + 4,469 + 805 Sank premises 736 — 1 + 40 Other assets 3 17,786 + 501 + .,730 TOTAL ASSETS (1.602) 282,668 + FTTTTT + H»7997 LIABILITIES Federal Reserve notes 220,471 + 1,668 + U:,049 Deposits: Depository institutions 39,840 + 2,326 • ;,657 U.S. Treasury—general account 4,842 + 925 + 3,097 Foreign—official accounts 273 + 99 + 73 Other 308 - 7 40 Total deposits 45,263 + 3,343 _ 1,527 Deferred availability cash Items (1,602) 9,529 + 3,034 _ 49 Other liabilities and accrued dividends4 2,834 + 13 + 294 TOTAL LIABILITIES (1,602) 278,097 + 8,058 + 167767" CAPITAL ACCOUNTS Capital paid in 2,106 + 9 + 94 Surplus 2,047 — + 174 Other capital accounts 418 + 47 - 41 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 foreigr officiaT~ and international accounts of which Si ,805 million was outstanding at the end of the latest statement week. Net of $ 4,119 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 375 million securities loaned—fully aecured by U.S. government securities. Includes assets denominated In foreign currencies, revalued monthly at market exchange rates. Includes special Investment account at Chicago of $ 82 million in Treasury bills maturing within 00 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange corr mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 12, 1988 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with miximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings |Week!y changes Within 15 days | . 2,096 — 9,430 + 2,877 148 67 16 days to 90 days 183 — 51,803 + 3,057 815 + 22 91 days to 1 year — — 68,826 + 100 1,607 + 44 Over 1 year to 5 years — — 55,403 — 3,289 4 Over 5 years to 10 years — — 13,699 - 1 1,138 — Over 10 yesrs — — 26,508 — 189 — Total 2,279 225,669 6,033 7,186 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 12, 1988 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,067 680 3,317 389 655 917 584 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 406 19 15 25 25 60 54 35 28 11 29 34 71 Loans 2,279 2 14 4 3 44 24 180 76 65 1,859 8 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7,186 436 2,456 204 415 558 335 872 212 102 270 403 923 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 108,692 6,597 37,146 3,081 6,279 8,439 5,068 13,195 3,198 1,549 4,088 6,096 13,956 Notes 87,484 5,309 29,898 2,480 5,054 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 2 225,669 13,696 77,123 6,397 13,037 17,521 10,522 27,397 6,640 3,215 8,488 12,657 28,976 Held under repurchase agreements 1 Total U.S. government securities 225,669 13,696 77,123 6,397 13,037 17,521 10,522 27,397 6,640 3,215 8,488 12,657 28,976 Total loans and securities 235,134 14,134 79,579 6,615 13,456 18,082 10,901 28,293 7,032 3,393 8,823 14,919 29,907 Items in process of collection 14,123 674 1,934 766 627 812 1,590 1,201 688 766 1,759 1,005 2,301 Bank premises 736 92 32 46 32 121 57 94 20 23 46 22 151 Other assets 3 17,786 646 4,445 629 852 978 1,145 4,393 442 394 609 1,148 2,105 Interdistrict settlement account -0- + 732 + 4,022 + 88 + 816 + 1,288 - 1,662 - 125 - 252 + 611 + 73 - 3,450 - 2,141 TOTAL ASSETS 284,270 17,291 94,833 8,720 16,777 22,719 12,872 35,941 8,486 5,432 12,045 14,661 34,493 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 $ 1,805 million was outstanding at the end of the latest statement week. 2 Net of $ 4,119 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 375 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 $ 82 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 12, 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 220 ,471 13.976 75,915 5,869 14,077 18,545 7,251 30,527 6,675 3,791 9,001 11,334 23,510 Deposits: Depository institutions 39 ,840 2,392 10,379 1,822 1,811 3,024 4,072 3,420" 1,116 845 1,054 1,997 7,908 U.S. Treasury—general account 4 ,842 — 4,842 — — — — — — — — — — Foreign—official accounts 273 5 163 7 8 9 13 19 4 5 6 13 21 Other 308 — 164 1 1 40 1 89 — 1 5 4 2 Total deposits 45", 263 2,397 15,548 1,830 1,820 3,073 4.086 3,528 1,120 851 1,065 2,014 7,931 Deferred credit items 11 ,131 573 1,163 724 471 613 993 943 481 607 1,688 825 2,050 Other liabilities and accrued dividends1 2 ,834 177 964 83 161 217 138 346 83 44 106 157 358 TOTAL LIABILITIES 279 ,699 17,123 93,590 8,506 16,529 22,448 12,468 35,344 8,359 5,293 11,860 14,330 33,849 • CAPITAL ACCOUNTS Capital paid in 2 ,106 74 563 102 114 122 194 274 58 67 86 153 299 Surplus 2 ,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 418 26 139 15 21 35 29 62 11 9 14 3 54 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 284 ,270 17,291 94,833 8,720 16,777 22,719 12,872 35,941 8,486 5,432 12,045 14,661 34,493 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstand ing 266 ,112 17,144 81,831 9,387 16,460 22,860 11,3*3 33,781 8,463 4,737 11,426 14,615 34,095 Less-Held by F.R. Banks 45.641 3,168 5,916 3,518 2,383 4,315 4.062 3,254 lr788 946 2,425 3,281 10,585 F.R. notes, net 220 • 471 13,976 75,915 5,869 14,077 18,545 7,251 30,527 6,675 3,791 9,001 11,334 23,510 Collateral held against F.R. notes: Gold certificate account 11 .067 Special Drawing Rights certif. ace 5 ,018 Other eligible assets -0- U.S. govt, and agency securities 204 ,386 Total collateral 220 ,471 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