H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•jg^fe-. FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •I&fiffis 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 20, 1988 Averages of daily fij ures (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.. 1199,, 11998888 Oct. 12, 1988 Oct. 21, 1987 Oct. 19, 1988 Reserve Bank credit: u 255,586 + 104 + 13,142 257,243 U.S. government securities- Bought outright—system account 225,964 - 107 + 15,796 226,242 Held under repurchase agreements — - 4,891 — —• Federal agency obligations- Bought outright 7,186 - 4 - 421 7,186 Held under repurchase agreements — — - 1,253 — Acceptances— . Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 2,283 + 159 + 1,172 3,546 Includes: seasonal borrowing of 325 - 24 + 139 323 extended credit of 1,683 + 5 + 1,276 1,894 Float 1,751 + 486 + 872 1,855 Other F.R. assets 18,402 - 430 + 1,867 18,414 Gold stock 11,063 - 3 - 23 11,063 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,667 + 14 + 622 18,679 Total factors supplying reserve funds 290,335 + 116 + 13,743 292,003 Currency in circulation** 237,898 + 291 + 18,798 237,648 Treasury cash holdings** 401 - 4 - 71 396 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,470 + 259 - 6,721 5,532 Foreign 236 - 1 - 15 239 Service-related balances and adjustments * 1,982 + 50 + 56 1,629 Other 314 + 7 - 71 337 Other F.R. liabilities and capital 7,567 + _ 6 _±_ 225 7,330 Total factors, other than reserve balances, absorbing reserve funds 253,868 + 608 + 12,201 253,111 Reserve balances with F.R. Banks * 36,466 - 492 + 1,542 38,892 On October 19, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 227,037 million, an increase of $ 826 million for the week. 1 Net of $ 3,950 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,950 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,857 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,8::7 million was with foreign official and international accounts. Includes $ 285 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ l ,629 million and adjustments of $ 353 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Atlanta District) ** 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 19, 1988 October 12, 1988 October 21, 1987 ASSETS Gold certificate account 11,063 4 - 22 s "" Special Drawing Rights certificate account 5,018 — — Coin 424 + 18 - 41 Loans 3,546 + 1,267 + 386 Acceptances- — Held under repurchase agreements Federal agency obligations- Bought outright 7,186 — - 381 Held under repurchase agreements 1 — — - 1,139 U.S. government securities: Bought outright—Bills 109,265 + 573 + 5, >13 Notes 87,484 — + 8, i40 Bonds 29,493 — + 1, 581 Total bought outright2 226,242 + 573 + 16,D34 Held under repurchase agreements1 — - 3, >96 Total U.S. government securities 226,242 + 573 + 12,-*38 Total loans and securities 236,974 + 1,840 + 11,.104 Cash items in process of collection (1,283) 8,530 _ 3,991 + '53 Bank premises 739 + 3 + 43 Other assets 3 17,675 111 + 1,"22 TOTAL ASSETS (1,283) 280,423 - 2,245 + 13,".59 LIABILITIES Federal Reserve notes 219,789 - 682 + 17,£46 Deposits: Depository institutions 40,521 + 681 + 4,:72 U.S. Treasury—general account 5,532 + 690 - 8,"y91 Foreign—official accounts 239 - 34 + 18 Other 337 + 29 + 28 Total deposits 46,629 + 1,366 _ 4,J73 Deferred availability cash items (1,283) 6,675 _ 2,854 + 32 Other liabilities and accrued dividends4 2,766 _ 68 + 41 TOTAL LIABILITIES (1,283) 275,859 - 2,238 + 13,f46 CAPITAL ACCOUNTS Capital paid in 2,107 + 1 + 92 Surplus < 2,046 - 1 + 173 Other capital accounts 411 - 7 - 52 * Figures in parentheses are the eliminations made in the consolidating process. 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign olficial and international accounts of which $ l ,695 million was outstanding at the end of the latest statement week. 2 Net of $3,857 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 285 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. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. **Estimated Atlanta District MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 19, 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 3,503 — 10,253 + 823 262 + 114 16 days to 90 days 43 — 51,486 317 701 114 91 days to 1 year — — 68,699 127 1,607 — Over 1 year to 5 years — — 55,445 + 42 3,289 Over 5 years to 10 years — — 13,851 + 152 1,138 Over 10 years — —— 2266,,550088 118899 — Total 3,546 222266,,224422 ++ 557733~~ 77,,118866 — 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 19, 1988 Millions of dollars ** Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co ASSETS Gold certificate account 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 66 216 307 670 Coin 424 21 16 27 25 62 55 37 28 12 30 37 74 Loans 3,546 265 10 108 329 2HQ 205 20 179 57 68 1,872 145 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 7,186 436 2,456 204 415 bb& 335 872 212 102 270 403 923 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 109,265 6,631 37,342 3,098 6,312 8,483 5,095 13,265 3,215 1,556 4,110 6,128 14,030 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 ,.'90 1,375 3,581 868 420 1,109 1,654 3,787 Total bought outright 2 226,242 13,731 77,319 6,414 13,069 17,^65 10,549 27,467 6,657 3,222 8,510 12,689 29,050 Held under repurchase agreements 1 Total U.S. government securities 226,242 13,731 77,319 6,414 13,069 17,565 10,549 27,467 6,657 3,222 8,510 12,689 29,050 Total loans and securities 236,974 14,432 79,785 6,726 13,813 18 411 11,089 28,359 77,,004488 33,,338811 88,,884488 1144,,996644 30,118 Items in process of collection 9,813 532 1,610 506 383 604 959 699 661111 339999 11,,224477 779933 1,470 Bank premises 739 92 32 46 32 122 58 94 2200 2244 4466 2222 151 Other assets 3 17,675 652 4,458 630 862 959 1,128 4,325 443355 339933 660077 11..115511 2,075 Interdistrict settlement account -0- + 435 + 2,672 + 266 + 166 + 778 - 1,137 + 752 -- 116699 ++ 776666 ++ 559955 -- 33,,330000 - 1,824 TOTAL ASSETS 281,706 17,158 93,375 8,752 16,250 22,314 12,939 36,316 88,,550011 55,,220099 1122,,007799 1144,,665500 34,163 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 $ 1,695 million was outstanding at the end of the latest statement week. 2 Net of $ 3,857 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 285 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. Estimated - Atlanta District 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 19, 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 219,789 13,868 75,762 5,736 14,043 18,439 7,339 30,528 6,577 3,778 9,076 11,303 23,340 Deposits: Depository institutions 40,521 2,548 8,564 2,334 1,490 2,903 4,324 4,149 1,233 841 1,509 2,179 8,447 U.S. Treasury—general account 5,532 5,532 Foreign—official accounts 239 5 129 7 8 9 13 19 4 5 6 13 21 Other 337 1 206 1 1 26 1 90 1 1 2 4 3 Total deposits 46,629 2,554 14,431 2,342 1,499 2,938 4,338 4,258 1,238 847 1,517 2,196 8,471 Deferred credit items 7,958 394 1,007 380 301 453 726 588 479 402 1,200 664 1,364 Other liabilities and accrued dividends1 2,766 173 931 81 160 213 135 344 81 43 102 154 349 TOTAL LIABILITIES 277,142 16,989 92,131 8,539 16,003 22,043 12,538 35,718 8,375 5,070 11,895 14,317 33,524 CAPITAL ACCOUNTS Capital paid in 2,107 75 563 102 114 122 194 274 58 67 86 153 299 Surplus 2,046 68 541 97 112 114 181 261 58 63 85 175 291 Other capital accounts 411 26 140 14 21 35 26 63 10 9 13 5 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 281,706 17,158 93,375 8,752 16,250 • 22,314 12,939 36,316 8,501 5,209 12,079 14,650 34.163 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 266,533 17,097 81,898 9,359 16,545 22,752 111111,,, 555000111 333333,,,888999555 888,,,444333999 444,,,777222555 111111,,,555444222 111444,,,666777444 34,106 Less-Held by F.R. Banks 46,744 3,229 6,136 3,623 2,502 4,313 444,,,111666222 333,,,333666777 111,,,888666222 999444777 222,,,444666666 333,,,333777111 10,766 KR. notes, net 219,789 1133,,886688 7755,,776622 55,,773366 1144,,004433 1188,,443399 777,,,333333999 333000,,,555222888 666,,,555777777 333,,,777777888 999,,,000777666 111111,,,333000333 23,340 Collateral held against F.R. notes: Gold certificate account 11,063 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 203.708 Total collateral 219,789 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 2 Estimated (Atlanta district) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis