H.4.1 Factors Affecting Reserve Balances of Depository Institutions

^ j ^; FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •.f«*LW 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 27, 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 OOcctt.. 2266,, 11998888 Oct . 19, 1988 Oct. 28, 1987 Oct. 26, 1.988 Reserve Bank credit:12 254,513 - 1,050 + 6,013 253,025 U.S. government securities- Bought outright—system account 225,094 - 870 + 14,368 224,263 Held under repurchase agreements 303 + 303 - 9,168 — Federal agency obligations- Bought outright 7,116 - 70 - 451 7,116 Held under repurchase agreements 82 + 82 - 2,516 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — -"""• Loans to depository institutions 2,359 + 76 + 1,608 1,980 Includes: seasonal borrowing of 304 - 21 + 117 290 extended credit of 1,948 + 265 + 1,517 1,648 Float 841 - 880 + 347 1,005 Other F.R. assets 18,718 + 309 + 1,825 18,661 Gold stock 11,064 + 1 - 22 11,063 Special Drawing Rights certificate account 5,018 ~ — 5,018 Treasury currency outstanding 18,681 + 14 + 622 18,693 Total factors supplying reserve funds 289,275 - 1,037 + 6,613 287,799 .. Currency in circulation* 236,965 933 4- 17,974 236,948 Treasury cash holdings* 396 - 5 - 73 394 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,623 + 153 ~ 8,199 5,690 Foreign 238 + 2 - 60 226 Service-related balances and adjustments3 1,914 - 68 - 46 1,661 Other 389 + 75 - 2 600 Other F.R. liabilities and capital 7,524 - 43 + 159 7,319 Total factors, other than reserve balances, absorbing reserve funds 253,047 - 821 * 9,751 252,838 Reserve balances with F.R. Banks « 36,22? - ~ 3,138 34,960 " *j On October 26, 1988 , marketable U.S. government securities held In custody by the Federal Reserve Banks for foreign official and international accounts were $ 227,713 million, an Increase of $ 676 million for the week. 1 Net of $ 5,012 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,012 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,853 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,853 million was with foreign official and international accounts. Includes $ 317 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,661 million and adjustments of $ 253 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 26, 1988 October 19, 1988 October 28, 1<87 ASSETS ! Gold certificate account j 11,063 «_«. _ 22 Special Drawing Rights certificate account 5,018 — Coin 431 + "7 _ 24 Loans 1,980 _ 1,566 + 1,227 Acceptances- Held under repurchase agreements __ __ Federal agency obligations- Bought outright 7,116 70 _ 452 Held under repurchase agreements1 _ 4,078 U.S. government securities: Bought outright—Bills 107,286 1,979 + 2,288 Notes 87,484 + 8,640 BBoonnddss 2299,,449933 ++ 1,882 TToottaall bboouugghhtt oouuttrriigghhtt^^ 222244,,226633 1,979 12,810 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss11 8,254 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 224,263 1,979 -f 4,556 Total loans and securities 223333,,335599 3,615 + 1^253 Cash items in process of collection - (1 111) 66,,992255 1,605 945 Bank premises 773399 Other assets 3 ""•"* + 45 TOTAL ASSETS 17,922 + 247 + 1,477 (1 HI) 275,457 - 4,966 + 1,784 LIABILITIES Federal Reserve notes 219,081 - 708 + 16,789 Deposits: Depository institutions 36,621 _ 3,900 __ 6,758 U.S. Treasury—general account 5,690 -t- 158 8,634 Foreign—official accounts 226 13 75 Other 600 + 263 + 229 Total deposits 43,137 _ 3,492 15,238 O De th fe e r r r e li d a b a i v li a tie ila s b a il n it d y a c c a c s r h u e it d e m d s iv idends4 ((11 111111)) 5,920 775555 _j_ 8811 2,743 2233 6644 TOTAL LIABILITIES ((11 111111)) 270,881 • _ 44,,997788 + 11,,556688 CAPITAL ACCOUNTS Capital paid in 2,107 — + 90 Surplus 2,047 + 1 + 174 Other capital accounts 422 + 11 - 48 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 $ _o- million was outstanding at the end of the latest statement week. Net of $ 5,853 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 317 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 $ 84 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 26, 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 Loans Acceptances Holdings |Weekly changes Holdings {Weekly changes Within 15 days 1,938 8,873 1,380 228 34 16 days to 90 days 42 53,146 1,660 735 34 91 days to 1 year 66,440 2,259 1,539 68 Over 1 year to 5 years 55,445 3,322 33 Over 5 years to 10 years 13,851 1,103 35 Over 10 years 26,508 189 Total 1,980 224,263 1,979 7,116 75" 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 26, 1988 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louts 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 cert if. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 431 22 16 28 25 63 57 40 29 12 30 37 72 Loans 1,980 2 1 6 5 5 55 15 152 53 63 1,617 6 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 7,116 432 2,432 202 411 552 332 864 209 101 268 399 914 Held under repurchase agreements 1 — ~ — ~ — — — — — —- — — — U.S. government securities: Bought outright-Bills 107,286 6,511 36,666 3,042 6,197 8,330 5,003 13,025 3,157 1,528 4,035 6,017 13,775 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 2 224,263 13,610 76,643 6,358 12r955 17,412 10,457 27,227 6,599 . 3,194 8,435 12,578 28,795 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 224,263 13,610 76,643 6,358 12,955 17,412 10,457 27,227 6,599 3,194 8,435 12,578 28,795 Total loans and securities 233,359 14,044 79,076 6,566 13,371 17,969 10,844 28,106 6,960 3,348 8,766 14,594 29,715 Items in process of collection 8,036 436 1,147 386 365 484 798 612 429 404 1,132 549 1,294 Bank premises 739 92 32 46 32 121 58 96 20 23 46 22 151 Other assets 3 17,922 655 4,554 630 865 988 1,146 4,369 439 396 614 1,159 2,107 Interdistrict settlement account -0- + 707 + 2,914 - 73 + 557 + 1,177 - 708 - 252 - 352 + 533 + 374 - 3,248 - 1,629 TOTAL ASSETS 276,568 16,950 92,541 8,134 16,184 22,180 12,982 35,021 8,053 4,950 11,668 14,096 33,809 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 $ 5,853 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 317 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 $ 84 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 26, 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 219,081 13,884 75,510 5,659 13,958 18,264 7,631 30,452 6,554 3,763 9,202 11,181 23,023 Deposits: Depository institutions 36,621 2,351 7,688 1,820 1,467 2,976 4,155 3,004 917 642 1,087 1,923 8,591 U.S. Treasury-general account 5,690 — 5,690 — — — — ~ — — — — — Foreign—official accounts 226 5 116 7 8 9 13 19 4 5 6 13 21 Other 600 — 471 1 1 24 2 93 — 1 1 4 2 Total deposits 43,137 2,356 13,965 1,828 1,476 3,009 4,170 3,116 921 648 1,094 1,940 8,614 Deferred credit Items 7,031 370 879 354 345 427 644 519 371 359 1,085 492 1,186 Other liabilities and accrued dividends 1 2,743 169 936 78 157 210 132 341 81 41 104 152 342 TOTAL LIABILITIES 271,992 16,779 91,290 7,919 15,936 21,910 12,577 34,428 7,927 4,811 11,485 13,765 33,165 CAPITAL ACCOUNTS Capital paid in 2,107 75 563 102 114 122 194 274 58 67 86 153 299 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 422 28 147 16 21 34 30 58 10 9 12 3 54 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 276,568 16,950 92,541 8,134 16,184 22,180 12,982 35,021 8,053 4,950 11,668 14,096 33,809 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 267,154 17,137 81,960 9,332 16,569 22,651 11,833 34,146 8,403 4,767 11,803 14,587 33,966 Less-Held by F.R. Banks 48,073 3,253 6,450 3,673 2,611 4,387 4,202 3,694 1,849 1,004 2,601 3,406 10,943 F.R. notes, net 219,081 13,884 75,510 5,659 13,958 18,264 7,631 30,452 6,554 3,763 9,202 11,181 23,023 Collateral held against F.R. notes: 11,063 Gold certificate account 5,018 Special Drawing Rights certif. ace -0- Other eligible assets 203,000 U.S. govt, and agency securities 219,081 Total collateral 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