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 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 2% 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.. 2233,, 11998888 Nov. 16. 1988 Nov. 25. 1987 Nov. 23, 1988 Reserve Bank credit: 1 2 258,001 1,507 + 18,920 255,616 U.S. government securities- Bought outright—system account 229,119 + 637 + 14,031 228,077 Held under repurchase agreements 438 Federal agency obligations- Bought outright 7,102 465 7,102 Held under repurchase agreements 127 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 2,757 743 + 2,076 1,570 Includes: seasonal borrowing of 183 4- 11 + 62 177 extended credit of 2,463 497 + 2,013 1,306 Float 1,386 + 217 + 700 920 Other F.R. assets 17,637 1,053 + 2,578 17,947 Gold stock 11,060 1 23 11,061 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 18,724 + 10 + 609 18,733 TToottaall ffaaccttoorrss ssuuppppllyyiinngg rreesseerrvvee ffuunnddss 292,804 1,498 + 19,507 290,428 CCuurrrreennccyy iinn cciirrccuullaattiioonn** 240,657 +• 31 + 16,995 241,883 TTrreeaassuurryy ccaasshh hhoollddiinnggss** 401 3 71 399 DDeeppoossiittss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, wwiitthh FF..RR.. BBaannkkss:: TTrreeaassuurryy 5,288 + 79 + 1,963 4,631 FFoorreeiiggnn 289 + 56 + 10 287 SSeerrvviiccee--rreellaatteedd bbaallaanncceess aanndd aaddjjuussttmmeennttss 33 1,895 + 8 + 50 1,611 OOtthheerr 328 + 23 8 259 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 7,717 34 + 525 7,542 TToottaall ffaaccttoorrss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, aabbssoorrbbiinngg rreesseerrvvee ffuunnddss 256,575 + 160 + 19,464 256,612 RReesseerrvvee bbaallaanncceess wwiitthh FF..RR.. BBaannkkss 44 36,229 1,657 + 42 33,815 On November 23, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 231,905 million, an increase of $ 2,403 million for the week. 1 Net of $ 4,314 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,314 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,407 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,407 million was with foreign official and international accounts, includes $ 470 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,611 million and adjustments of $ 284 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 Wedn<i sday Nov. 23, 1988 Nov. 16, 1988 Nov. 2. >. 1987 ASSETS Gold certificate account 11,061 + 1 - 22 Special Drawing Rights certificate account 5,018 — — Coin 417 - 5 - 26 Loans 1,570 - 1,836 + 968 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 7,102 — 465 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright—-Bills 111,100 1,101 + 2,603 Notes 87,484 — + 8,210 Bonds 2299,,449933 — ++ 1,732 Total bought outright? 222288,,007777 __.. 1,101 ++ 12,545 Held under repurchase agreements 1 — — — Total U.S. government securities 228,077 __ 1,101 ++ 12,545 Total loans and securities 236,749 - 2,937 + L3,048 Cash items in process of collection (1,342) 7,441 - 4,004 + 870 Bank premises 742 + 2 + 45 Other assets 3 17,205 + 885 + 2,897 TOTAL ASSETS (1,342) 278,633 - 6,058 + .6,812 LIABILITIES Federal Reserve notes 223,967 + 1,387 + .6,508 Deposits: Depository institutions 35,426 _ 4,910 _ 2,762 U.S. Treasury—general account 4,631 _ 753 + 1,864 Foreign—official accounts 287 + 105 + 26 Other 259 95 223 Total deposits 40,603 5,653 1,095 Deferred availability cash items (((111,,,333444222))) 6 521 1,867 + 92S OOtthheerr lliiaabbiilliittiieess aarriidd aaccccrruueedd ddiivviiddeennddss44 22,,995511 ++ 6666 ++ 231 TTOOTTAALL LLIIAABBIILLIITTIIEESS (((111,,,333444222))) 227744,,004422 66,,006677 ++ 16,569 CAPITAL ACCOUNTS Capital paid in 2,107 75 — + Surplus 2,047 194 Other capital accounts 437 + 9 26 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 foreigr official &r.d international accounts of which $ -o- million was outstanding at the end of the latest statement week. Net of $ 5,407 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 470 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 $ 88 million in Treasury bills maturing within 90 days. Includes exchange-translation account reflecting tfte monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 23, 1988 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity cf the agreements. U.S. government securities Federal agency obligations Loans Acceptances Holdings [Weekly changes Holdings [Weekly changes Within 15 days 1,552 11,817 1,073 254 16 days to 90 days 18 52,598 4,773 664 91 days to 1 year 71,138 4,801 1,470 Over 1 year to 5 years 54,040 3,322 Over 5 years to 10 years 12,007 1,203 Over 10 years 26,477 189 Total 1,570 228,077 1,101 7,102 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA1 (b) r^ATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 23. 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 11,061 680 3,311 389 655 917 584 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 Com 417 23 13 29 26 58 48 43 28 12 30 32 75 Loans 1,570 6 — 21 31 5 20 15 98 19 44 1,297 14 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 7,102 431 2,427 202 410 552 331 862 209 101 267 398 912 Held undtjr repurchase agreements 1 — — — — — — — — — __ — — — s.'.S. government securities: Bought outright-Bills 111,100 6,743 37,969 3,150 6,417 8,626 5,180 13,488 3,269 1,583 4,179 6,231 14,265 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 1,376 3,580 865 420 1,109 1,654 3,787 Total bought outright 2 228,077 13,842 77,946 6,466 13,175 17,708 10,635 27,689 6,711 3,249 8,579 12,792 29,285 MMooiidd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 — — — — — — — — — — — — — TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 228,077 13,842 ______ 67466 13,175 17,708 10,635 27,689 6,711 3,249 8,579 12,792 29,285 Total loans and securities 236,749 14,279 80,373 6,689 13,616 18,265 10,986 28,566 7,018 3,369 8,890 14,487 30,211 Items in process of collection 8,783 397 1,055 505 361 572 781 744 399 429 1,337 717 1,486 E>ank premises 742 91 32 46 32 122 58 98 20 24 46 22 151 Other assets 3 17,205 558 3,966 576 767 841 1,057 4,155 389 380 552 2,055 1,909 'nt?rcjjstrict settlement account -0- + 772 + 304 + 501 - 3 + 2,533 + 54 - 1,214 + 761 + 729 + 887 - 3,707 - 1,617 TOTAL ASScTS 279,975 17,114 90,543 8,897 15,768 23,769 13,771 34,442 9,143 5,177 12,448 14,589 34,3i4 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 $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 5,407 million mstchnd sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 470 million securities loaned-fully secured ^y U.S. government securities. 3 includes asset: denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 88 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 23, 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 223,967 14,087 75,628 6,472 13,725 19,890 8.164 29,705 7,618 3,864 9,809 11,568 23,437 Deposits: Depository institutions 35,426 2.316 6,642 1.777 1,277 2,928 4.292 3,032 920 733 1,063 1,922 8,524 U.S. Treasury—general account 4,631 4.631 Foreign—official accounts 287 5 177 7 8 9 13 19 4 5 6 13 21 Other 259 1 117 1 1 18 1 100 1 3 12 4 Total deposits 40,603 2,322 11,567 1,785 1.286 2.955 4,306 3,151 924 739 1,072 1,947 8,549 Deferred credit items 7,863 355 1,018 341 345 436 755 638 390 392 1,272 579 1,342 Other liabilities and accrued dividends1 2,951 179 1,073 81 162 215 139 353 83 43 109 157 357 TOTAL LIABILITIES 275,384 16,943 89,286 8,679 15,518 23,496 13.364 33,847 9,015 5,038 12,262 14,251 33,685 CAPITAL ACCOUNTS Capital paid in 2,107 75 564 103 115 123 195 272 59 67 87 156 291 Surplus 2,047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 437 28 152 18 22 36 31 62 11 9 14 7 47 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 279,975 17,114 90,543 8,897 15.768 23,769 13,771 34,442 9.143 5,177 12,448 14,589 34,314 FEDERAL RESERVE AGENTS- ACCOUNTS F.R. notes outstanding 270,471 16,983 82,357 9,949 16.431 23,824 12,251 33,510 9,285 4,833 12,366 14,887 33,795 Less-Held by F.R. Banks 46.504 2.896 6.729 3.477 2.706 3.934 4.087 3.805 1.667 969 2.557 3.319 10.358 F.R, notes, net 223,967 1144,,008877 7755,,662288 66,,447722 1133,,772255 1199,,889900 88,,116644 2299,,770055 77,,661188 33,,886644 99,,880099 1111,,556688 23,437 Collateral held against F.R. notes: Gold certificate account 11,061 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 207,888 Total collateral 223,967 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