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 '•f^j^Ss^^ the Information is available, on (202) 452-3206. *- -7^ ?£S - *' H. 4. 1. November 10, 1988 N O T I CE Because of the Thanksgiving holiday on Thursday, November 24, H.4.1. statistical release "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks" will not be published on that day. It will be published instead on Friday, November 25. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

' O? °OVi 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^LRI H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks _.__] November 10 . 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 NNoovv.. 99,, 11998888 Nov . 2. 1988 Nov . IK 1987 Nov. 9. 3 988 Reserve Bank credit: *.* ~~ 259,022 + 3,349 + 19,313 259,289 U.S. government securities- Bought outright—system account 227,958 + 3,093 + 15,740 227,837 Held under repurchase agreements 360 - 643 - 985 — Federal agency obligations- Bought outright 7,116 — - 451 7,116 Held under repurchase agreements 105 - 239 - 296 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 2,966 + 620 + 2,450 3,079 Includes: seasonal borrowing of 186 - 79 + 64 175 extended credit of 2,715 + 802 + 2,364 2,857 Float 1,082 - 12 + 480 1,968 Other F.R. assets 19,435 + 531 + 2,376 19,289 Gold stock 11,062 '- 1 - 22 11,062 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,704 + 10 + 615 18,713 Total factors supplying reserve funds 293,806 + 3,358 + 19,906 294,082 Currency in circulation* 238,635 + 1,450 + 16,378 239,924 Treasury cash holdings* 401 + 6 - 73 404 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,509 - 688 + 1,551 6,792 Foreign 216 - 18 - 100 186 Service-related balances and adjustments 3 1,929 - 180 - 16 1,649 Other 333 - 69 + 5 279 Other F.R. liabilities and capital 8,225 + 279 + 639 7,531 Total factors, other than reserve balances, absorbing reserve funds 255,247 + 779 + 18,383 256,765 Reserve balances with F.R. Banks« 38,558 + 2,577 + 1,520 37,317 On November 9, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and International accounts were $ 227,934 million, a decrease of $ 734 million for the week. 1 Net of $5,466 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,466 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,588 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,588 million was with foreign official and international accounts. Includes $ 667 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ l ,649 million and adjustments of $ 280 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 aallee WWeeddnneessddaayy Wednesday Wednesday NNoovveemmbbeerr 99,, 11998888 November 2, 1988 November 11, 1987 ASSETS Qoid certificate account 11,062 2?. Special Drawing Rights certificate account 5,018 Coin 425 + 2 2<-. Loans 3,079 + 468 + 2,600 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 7,116 451 Hekj under repurchase agreements 1 - 428 78? U.S. government securities: Bought outright—Bills 110,860 + 3,284 + 6,49£ Notes 87,484 + 8,29! Bonds 29,493 -.- + 1,881 Total bought outright2 227,837 + 3,284 + 16,674 Held under repurchase agreements1 - 1,232 - 2,670 Total U.S. government securities 227,837 + 2,052 + 14,004 Total loans and securities 238,032 + 2,092 + 15,371 Cash Items in process of collection (957) 7,740 - 169 - 288 Bank premises 742 + 1 + 44 Other assets3 18,547 - 46 + 2,101 TOTAL ASSETS (957) 281,566 + 1,880 17,182 LIABILITIES Federal Reserve notes 222,040 1,993 16,084 Deposits: Depository institutions 38,966 - 742 - 507 U.S. Treasury—general account 6,792 + 2,325 + 3,532 Foreign—official accounts 186 - 37 - 12 Other 279 - 72 - 46 Total deposits 46,223 + 1,474 ' + 2,967 Deferred availability cash items (957) 5,772 - 1,042 - 1,645 Other liabilities and accrued dividends4 2,939 + 8 + 147 TOTAL LIABILITIES (957) 276,974 + 2,433 + 17,553 CAPITAL ACCOUNTS Capital paid in 2,112 + 3 + 89 Surplus 2,047 + 1 + 174 Other capital accounts 433 - 557 - 634 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 $ 5,588 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $667 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment acco jnt at Chicago of $ 85 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 9, 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 obligation** LLooaannss AAcccceeppttaanncceeee Holdings (Weekly changes Holdings (Weekly changes Within 15 days 2,965 — 6,428 - 3,525 114 - 425 16 days to 90 days 114 — 54,892 + 3,930 878 + 9') 91 days to 1 year *— — 71,660 + 1,647 1,510 - 9»i Over 1 year to 5 years — — 54,498 — 3,322 —- Over 5 years to 10 years — — 13,851 — 1,103 -.. Over 10 years — 2266,,550088 — 118899 ... Total 3,079 —— 222277,,883377 ++ 2,052 77,,111166 „„.. 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 9, 1988 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco 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 425 22 15 29 25 61 53 43 28 11 30 34 74 Loans 3,079 12 9 7 3 2 62 12 92 25 48 2,804 3 Acceptances held under repurchase — — — — — — — — — — — — — agreements Federal agency obligations: 7,116 432 2,432 202 411 552 332 864 209 101 268 399 914 Bought outright Held under repurchase agreements * — — — — — — — — — — — — — U.S. government securities: Bought outright-Bills 110,860 6,728 37,887 3,143 6,404 8,607 5,169 13,459 3,262 1,579 4,170 6,218 14,234 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 1,376 3,580 868 420 1,109 1,654 3,787 Total bought outright 2 227,837 13,828 77,864 6,459 13,162 17,689 10,624 27,660 6,704 3,245 8,570 12,778 29,254 Held under repurchase agreements * __ — — — ~ — — — — — — — — Total U.S. government securities 227*837 13,828 77,864 6,459 13,162 17,689 10,624 27,660 6,704 3,245 8,570 12,778 29,254 Total loans and securities 238,032 14,272 80,305 6,668 13,576 18,243 11,018 28,536 7,005 3,371 8,886 15,981 30,171 Items in process of collection 8,697 489 1,054 388 369 584 1,178 635 436 388 1,057 615 1,504 Bank premises 742 92 32 46 32 123 58 96 20 24 46 22 151 Other assets 3 18,547 685 4,734 658 901 1,018 1.189 4,438 460 413 645 1,205 2,201 Interdistrict settlement account -0- + 602 + 3,272 - 50 + 551 + 1,804 - 992 - 123 - 182 + 470 + 967 - 4,319 - 2,000 TOTAL ASSETS 282,523 17,156 94,213 8,290 16,423 23,211 13,291 35,675 8,295 4,911 12,337 14,521 34,200 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 $ 5,588 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 667 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthiy at market exchange rates. Includes special investment account at Chicago of $ 85 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 9, 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 222,040 14,042 75,484 5,952 13,956 19,231 8,066 30,142 6,692 3,834 9,943 11,447 23,251 Deposits: Depository institutions 38,966 2,392 8,745 1,717 1,771 3,047 3,982 3,905 1,057 517 1,091 2,074 8,668 U.S. Treasury-general account 6,792 — 6,792 — — — — — — — — — — Foreign—official accounts 186 5 76 7 8 9 13 19 4 5 6 13 21 Other 279 — 137 1 1 35 1 95 — — 2 2 5 Total deposits 46,223 2,397 15,750 1,725 1,780 3,091 3,996 4,019 1,061 522 1,099 2,089 8,694 Deferred credit items 6,729 366 698 311 274 395 683 558 332 372 1,002 491 1,247 Other liabilities and accrued dividends 1 2,939 182 1,027 85 164 222 140 361 82 44 108 161 363 TOTAL LIABILITIES 277,931 16,987 92,959 8,073 16,174 22,939 12,885 35,080 8,167 4,772 12,152 14,188 33,555 CAPITAL ACCOUNTS Capital paid in 2,112 75 564 104 114 122 195 274 58 67 86 155 298 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 433 26 149 16 22 36 30 60 12 9 14 3 56 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 282,523 17,156 94,213 8,290 16,423 23,211 13,291 35,675 8,295 4,911 12,337 14,521 34,200 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 268,623 17,056 82,088 9,491 16,465 23,341 12,176 33,884 8,376 4,775 12,446 14,716 33,809 Less-Held by F.R. Banks 46,583 3,014 6,604 3,539 2,509 4,110 4,110 3,742 1,684 941 2,503 3,269 10,558 F.R. notes, net 222,040 14,042 75,484 5,952 13,956 19,231 8,066 30,142 6,692 3,834 9,943 11,447 23,251 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 205,960 Total collateral 222,040 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