H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release Th«s« data ara schadulad for ralaasa aach Thursday at *:30 p.a. JJ 4 \ November 17, 1988 4 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release "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks" will not be published on that day.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. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks November 17, 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.. 1166,, 11998888 Nov . 9, 1988 Nov. 18, 1987 Nov. 16. 1988 Reserve Bank credit: 1 2 259,587 + 565 + 17,949 259,803 U.S. government securities- Bought outright—system account 228,482 + 524 + 14,101 229,178 Held under repurchase agreements 438 + 78 - 500 — Federal agency obligations- Bought outright 7,102 - 14 - 465 7,102 Held under repurchase agreements 127 + 22 - 396 — Acceptances- Bought outright __ Held under repurchase agreements * Loans to depository institutions 3, 500 + 534 + 2,895 3,406 Includes: seasonal borrowing of 172 -. 14 + 44 177 extended credit of 2,960 + 245 + 2,643 3,156 Float 1,242 + !60 - 353 3,057 Other F.R. assets 18,696 - 739 + 2,667 17,060 Gold stock 11,061 — 1 _ 24 11,060 Special Drawing Rights certificate account 5,018 __ 5,018 Treasury currency outstanding 18,714 + 10 + 613 18,723 Total factors supplying reserve funds 294,381 + 575 + 18,540 294,604 Currency in circulation* 240,626 + 1,991 + 17,087 240,480 Treasury cash holdings* 404 + 3 _ 70 401 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,209 - 300 + 1,373 5,384 Foreign 233 + 17 _ 28 182 Service-related balances and adjustments3 1,887 „ 42 _ 130 1,648 Other 305 _ 28 _ 41 354 Other F.R. liabilities and capital 7,751 - 474 + 415 7,467 Total factors, other than reserve balances, absorbing reserve funds 256,415 + 1,167 + 18,606 255,916 Reserve balances with F.R. Banks4 37,965 - 593 - 68 38,688 0n November 16 1988 » marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 229,502 million, an increase of $ 1,568 million for the week. 1 Net of $ 4,943 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,943 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,247 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,247 million was with foreign official and international accounts. Includes $ 419 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,648 \^[ion and adjustments of $ 239 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

.Vorksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS MiUons of dollars Change since •• WWeeddnneessddaayy Wednesday Wednesday November 16, 1988 November 9, 1988 November 18, 1987 ASSETS Gold certificate account 11,060 - 2 - 23 Special Drawing Rights certificate account 5,018 — — Coin 422 - 3 - 28 Loans 3,406 + 327 + 2,744 Acceptances- Held under repurchase agreements .. ___ .. Federal agency obligations- Bought outright 7,102 14 _ 465 Held under repurchase agreements 1 —— _ 380 U.S. government securities: Bought outright—Bills 112,201 + 1,341 + 6,307 Notes 87,484 + 8,330 BBoonnddss 2299,,449933 — 44-- 1,731 TToottaall bboouugghhtt oouuttrriigghhtt22 222299,,117788 --hh TT35T ++ 16,368 Held under repurchase agreements1 — - 190 Total U.S. government securities 229,178 + 1,341 + 16,178 Total loans and securities 239,686 + 1,654 + 18,077 Cash items in process of collection (1,497) 11,445 + 3,705 + 3,301 Bank premises 740 2 + 97 Other assets 3 16,320 2,227 + 2,181 TOTAL ASSETS (1,497) 284,691 + 3,125 + 23,605 LIABILITIES Federal Reserve notes 222,580 + 540 + 16,226 Deposits: Depository institutions 40,336 + 1,370 + 2,687 U.S. Treasury—general account 5,384 - 1,408 + 2,463 Foreign—official accounts 182 - 4 - 12 Other 354 + 75 + 44 Total deposits 46,256 + 33 + 5,182 Deferred availability cash items (1,497) 8,388 + 2,616 + 1,769 Other liabilities and accrued dividends4 2,885 - 54 + 139 TOTAL LIABILITIES (1,497) 280,109 + 3,135 + 23,316 CAPITAL ACCOUNTS Capital paid in 2,107 - 5 + 81 Surplus I 2,047 — + 194 Other capital accounts | 428 - 5 + 14 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 $ 987 million was outstanding at the end of the latest statement week. Net of $ 4,247million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 419 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includea special investment account 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 16, 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 IWeekly changes Holdings [Weekly changes Within 15 days 3,369 — 12,890 + 6,462 254 + 140 16 days to 90 days 37 — 47,825 - 7,067 664 214 91 days to 1 year — — 75,939 + 4,279 1,470 40 Over 1 year to 5 years — — 54.040 - 458 3,322 — Over 5 years to 10 years — — 12,007 - 1,844 1,203 + 100 Over 10 years — ~~5555 2266,,447777 3311 118899 — Total 3,406 222299,,117788 ++ 11..334411 77,,110022 14 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 16, 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 11,060 680 3,310 389 655 917 584 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 422 22 14 28 26 60 52 43 28 12 31 34 72 Loans 3,406 9 2 5 14 23 64 17 106 23 33 3,105 5 Acceptances held under repurchase agreements — — — — — — — — — — — Federal agency obligations: Bought ©utright 7,102 431 2,427 202 410 552 331 862 209 101 267 398 912 Held under repurchase agreements 1 — — — -- — — — — — — — — — U.S. government securities: Bought outright-Bills 112,201 6,810 38,345 3,181 6,481 8,711 5,232 13,621 3,301 1,599 4,220 6,293 14,407 Notes 87,484 5,309 29,898 2,480 5,054 6,793 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 1,375 3,581 868 420 1,109 1,654 3,787 Total bought outright 2 229,178 13,909 78,322 6,497 13,239 17,794 10,686 27,823 6,743 3,265 8,620 12,853 29,427 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 229,178 13,909 78,322 6,497 13,239 17,794 10,686 27,823 6,743 3,265 8,620 12,853 29,427 Total loans and securities 239,686 14,349 80,751 6,704 13,663 18,369 11,081 28,702 7,058 3,389 8,920 16,356 30,344 Items in process of collection 12,942 725 1,491 453 486 785 1,310 1,147 702 654 1,747 1,169 2,273 Bank premises 740 92 32 45 32 122 58 96 20 24 46 22 151 Other assets 3 16,320 554 4,009 588 774 848 1,076 4,166 393 374 562 1,072 1,904 Interdistrict settlement account -0- + 648 + 3,235 + 256 + 553 -f 1,759 - 434 - 51 + 601 + 648 + 775 - 4,785 - 3,205 TOTAL ASSETS 286,188 17,384 94,331 8,625 16,503 23,321 13,930 36,153 9,330 5,335 12,787 14,851 33,638 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 $ 987 million was outstanding at the end of the latest statement week. 2 Net of $ 4,247 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 419 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 $ 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 16, 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 222,580 14,035 75,630 6,003 13,933 19,427 8,009 29,951 7,325 3,847 9,832 11,453 23,135 Deposits: Depository institutions 40,336 2,443 9,711 1,837 1,805 2,776 4,407 4,295 1,341 789 1,140 2,142 7,650 U.S. Treasury—general account 5,384 5,384 — _- — — — — — Foreign—official accounts 182 5 72 7 8 9 13 19 4 5 6 13 21 Other 354 — 207 1 1 20 6 97 — 1 4 13 4 Total deposits 46,256 2,448 15,374 1,845 1,814 2,805 4,426 4,411 1,345 795 1,150 2,168 7,675 Deferred credit items 9,885 551 1,076 478 343 598 952 838 450 509 1,520 735 1,835 Other liabilities and accrued dividends 1 2,885 181 999 83 164 219 137 355 83 45 100 115599 360 TOTAL LIABILITIES 281,606 17,215 93,079 8,409 16,254 " 23,049 13,524 35,555 9,203 5,196 12,602 1144,,551155 33,005 CAPITAL ACCOUNTS Capital paid in 2,107 75 564 103 114 123 195 274 59 67 86 156 291 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 428 26 147 16 22 35^ 30^ 63 10 9 14 5 51^ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 286,188 17,384 94,331 8,625 16,503 23,321 13,930 36,153 9,330 5,335 12,787 14,851 33,638 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 269,699 17,015 82,234 9,706 16,491 23,467 12,082 33,912 9 ,069 4,761 12,425 14,824 33,713 Less-Held by F.R. Banks 47,119 2,980 6,604 3,703 2,558 4,040 4,073 3,961 1,744 914 2,593 3,371 10,578 F.R. notes, net 222,580 14,035 75,630 6,003 13,933 19,427 8,009 29,951 7,325 3,847 9,832 11,453 23,135 Collateral held against F.R. notes: Gold certificate account 11,060 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 206,502 Total collateral 222,580 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