H.4.1 Factors Affecting Reserve Balances of Depository Institutions

U^v^Ki 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. f^LRESV. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks November 3,1988 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 NNoovv.. 22,, 11998888 Oct. 26, 1988 Nov. 4, 1987 Nov. 2, 1988 Reserve Bank credit: 1 2 255,690 + 1,177 + 13,962 256,369 U.S. government securities— Bought outright—system account 224,865 229 + 14,714 224,553 Held under repurchase agreements 1,003 + 700 - 3,380 1,232 Federal agency obligations- Bought outright 7,116 451' 7,116 Held under repurchase agreements 344 + 262 - 1,297 428 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 2,346 13 + 1,743 2,611 Includes: seasonal borrowing of 265 39 + 115 215 extended credit of 1,913 35 + 1,564 2,148 Float 1,108 + 267 + 744 1,095 Other F.R. assets 18,907 + 189 + 1,887 19,334 Gold stock 11,063 1 22 11,062 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 18,694 + 13 + 621 18,703 Total factors supplying reserve funds 290,465 + 1,190 + 14,561 | 291,152 Currency in circulation* 237,185 + 220 + 16,931 237,930 Treasury cash holdings* 395 1 73 397 Deposits, other than reserve balances, with F.R. Banks: Treasury 6,197 + 574 - 1,170 | 4,467 Foreign 234 4 36 223 Service-related balances and adjustments 3 2,109 + 194 + 37 1,662 Other 402 + 13 34 351 Other F.R. liabilities and capital 7,946 + 422 + 264 8,076 Total factors, other than reserve balances, absorbing reserve funds 254,468 + 1,420 + 15,919 253,106 Reserve balances with F.R. Banks4 35,998 228 - 1,357 i 38,046 On November 2, 1988 > marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 228,668 rnillion, an increase of $ 955 million for the week. 1 Net of $ 5,340 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,340 rnillion was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $5,886 rnillion matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,886 rnillion was with foreign official and international accounts. Includes $ ^QQ million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,662 rnillion and adjustments of $ 447 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 Wednejs dcy November 2, 1988 October 26, 1988 November 4, 1987 ASSETS Gold certificate account 11,062 - 1 - 23 Special Drawing Rights certificate account 5,018 — — Coin 423 - 8 - 33 Loans 2,611 + 631 + 2,038 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,116 — - 451 Held under repurchase agreements1 428 + 428 + 428 U.S. government securities: Bought outright—Bills 107,576 + 290 + 3,698 . Notes 87,484 — + 8,490 Bonds 29,493 + 1 ,881 Total bought outright^ 224,553 + "290 + 14,069 Held under repurchase agreements1 1,232 + 1,232 4- 1 ,232 Total U.S. government securities 225,785 + 1,522 + 15 ,301 Total loans and securities 235,940 + 2,581 + 17 ,316 Cash items in process of collection (1,158) 7,909 + 984 + 572 Bank premises 741 + 2 + 43 Other assets3 18,593 + 671 + 2 396 TOTAL ASSETS (1,158) 279,686 + 4,229 20271 : LIABILITIES Federal Reserve notes 220,047 + 966 + 15,963 Deposits: Depository institutions 39,708 + 3,087 + 2,173 U.S. Treasury—general account 4,467 - 1,223 + 1,318 Foreign—official accounts 223 - 3 _ 74 Other 351 - 249 • + 23 Total deposits 44,749 + 1,612 + 3,440 Deferred availability cash items (1,158) 6,814 + 894 + 71 Other liabilities and accrued dividends4 2,931 + 188 + 332 TOTAL LIABILITIES (1,158) 274,541 + 3,660 + 19,806 CAPITAL ACCOUNTS Capital paid in 2,109 + 2 + 88 Surplus 2,046 - 1 + 173 Other capital accounts 990 + 568 + 204 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 $ -0- million was outstanding at the end of the latest statement week. Net of $ 5,886 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 408 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 $ 92 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, November 2, 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 obligat ton6 Loans AAcccceeppttaanncceess Holdings ] Weekly changes Holdings [Weekly c hanges Within 15 days 2,509 — 9,953 + 1,080 542 + 314 16 days to 90 days 102 — 50,962 - 2,184 782 + 47 91 days to 1 year — — 70,013 + 3,573 1,606 + 67 Over 1 year to 5 years — — 54,498 - 947 3,322 — Over 5 years to 10 years — — 13,851 — 1,103 — Over 10 years — 2266,,550088 — 118899 — ~~ Total 2,611 222255,,778855 ++ 1,522 77,,554444 ++ 428 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 November • 2, 1988 Millions of dollars Total Boston ! i 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 11,062 680 3,312 389 655 917 584 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 423 22 15 27 24 61 55 42 28 12 30 36 71 Loans 2,611 159 13 28 2 1 62 12 122 32 39 2,109 32 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 ' 428 428 U.S. government securities: Bought outright-Bills 107,576 6,529 36,765 3,050 6,214 8,352 5,016 13,060 3,165 1,533 4,046 6,033 13.813 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 442200 11,,110099 11,,665544 3,787 Total bought outright 2 224,553 13,628 76,742 6,366 12,972 17,434 10,4/0 27,262 6,607 33,,119999 88,,444466 1122,,559944 28,833 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 1,232 — 1,232 — — — — — — — — — — TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 225,785 13,628 77,974 6,366 12,972 17,434 10,470 27,262 6,607 3,199 8,446 12,594 28,833 Total loans and securities 235,940 14,219 80,847 6,596 13,385 17,987 10,864 28,138 6,938 3,332 8,753 15,102 29,779 Items in process of collection 9,067 579 1,138 541 342 563 785 380 474 417 1,235 734 1,879 Bank premises 741 92 32 46 32 122 59 96 20 23 46 22 151 Other assets 3 18.593 678 4,659 659 898 1,006 1,193 4,594 456 415 643 1,208 2,184 Interdistrict settlement account -0- + 596 + 2,129 + 146 + 312 + 956 - 145 - 479 - 260 + 661 + 1,175 - 3,218 - 1,873 TOTAL ASSETS 280,844 17,180 93,621 8,566 15,962 22,073 13,598 34,821 8,184 5,094 12,588 14,867 34,290 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 $ 5,886 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 408 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 $ 92 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 November 2, 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 220,047 13,862 75,184 5.669 13,893 18,461 8,157 30,150 6,588 3,769 9,885 11,235 23.194 Deposits: Depository institutions 39,708 2,513 10,384 2,139 1,316 2,569 4,090 2,901 960 699 1,167 2,462 8.508 U.S. Treasury-general account 4,467 ~ 4,467 ~ ~ — — — ~ — ~ — — Foreign—official accounts 223 5 112 7 8 9 13 19 4 5 6 13 22 Other 351 1 196 1 2 38 1 100 — — 5 3 4 Total deposits 44,749 2,519 15,159 2.147 1,326 2,616 4,104 3,020 964 704 1,178 2,478 8,534 Deferred credit items 7,972 430 837 426 300 474 743 640 406 419 1,209 615 1.473 Other liabilities and accrued dividends 1 2,931 179 1,037 83 163 218 137 358 83 44 107 158 364 TOTAL LIABILITIES 275,699 16,990 92,217 8,325 15,682 21,769 13,141 34.168 8,041 4,936 12,379 14,486 33.565 CAPITAL ACCOUNTS Capital paid in 2,109 75 564 103 114 122 194 274 58 67 86 154 298 Surplus 2,046 68 541 97 112 114 181 261 58 63 85 175 291 Other capital accounts 990 47 299 41 54 68 82 118 27 28 38 52 136 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 280,844 17,180 93.621 8,566 15,962 22,073 13,598 34,821 8,184 5,094 12,588 14.867 34.290 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 267,614 17,102 81.902 9,313 16,482 22,692 12,229 33,848 8,348 4,738 12,417 14.577 33,966 Less-Held by F.R. Banks 47.567 3.240 6.718 3,644 2.589 4,231 4,072 3.698 1,760 996699 22,,553322 33..334422 10.772 F.R. notes, net 220.047 13,862 75,184 5.669 13.893 18,461 8,157 30,150 6,588 33,,776699 99,,888855 1111..223355 23.194 Collateral held against F.R. notes: Gold certificate account 11,062 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 203,967 Total collateral 220,047 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