H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;oico^-.^ FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when tne information is available, on (202) 452-3206. ,«AL RE H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks December 1. l^fta RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, Averages of daily figures (millions of dollars) ^ WWeeeekk eennddeedd ** Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss NNoovv.. 3300,, 11998888 Nov . 23.1988 Dec . 2. Mfi7 Nov. in, iQaa Reserve Bank credit: 1 2 259,416 + 1,415 + 16,029 261,919 U.S. government securities— Bought outright—system account 229,259 + 140 + 14,052 228,701 Held under repurchase agreements 1,746 + 1,746 _ 889 4,001 Federal agency obligations- Bought outright 7,102 _ 465 7,102 Held under repurchase agreements 628 + 628 _ 706. 1,282 Acceptances- Bought outright «.„ — _ __ Held under repurchase agreements „._ «.— Loans to depository institutions 2,367 _ 390 + 1,683 2,328 Includes: seasonal borrowing of 169 _ 14 + 62 148 extended credit of 1,263 - 1,200 + 783 1,255 Float 438 _ 948 _ 236 101 Other F.R. assets 17,876 + 239 + 2,589 18,404 Gold stock 11,060 _ 23 11,059 Special Drawing Rights certificate account 5,018 5,018 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 18,734 + 10 + 606 18,743 TToottaall ffaaccttoorrss ssuuppppllyyiinngg rreesseerrvvee ffuunnddss 294,229 + 1,425 + 16,612 296,739 Currency in circulation** 242,179 + 1,522 + 17,166 242,472 Treasury cash holdings** 399 _ 2 _ 66 402 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,137 - 151 + 1,734 5,198 Foreign 262 - 27 _ 103 251 - Service-related balances and adjustments 3 1,932 + 35 _ 358 1,613 Other 552 + 224 + 68 398 Other F.R. liabilities and capital 8,034 + 317 _+ 429 8,006 Total factors, other than reserve balances, absorbing reserve funds 258,495 + 1,918 + 18,870 258,340 Reserve balances with F.R. Banks4 35,734 - 493 - 2,257 38,399 On November 30, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 235,131 million, an increase of $ 3,226 million for the week. 1 Net of $ 4,322 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,322 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,061 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,061 million was with foreign official and international accounts. Includes $ 1,216 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,613 million and adjustments of $ 319 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Atlanta District) "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 RANKS Millions of dollars Change since Wednesday ** Wednesday Wednesday November 30, 1988 November 23, 1988 December 2, 1987 ASSETS Gold certificate account 11,059 24 Special Drawing Rights certificate account 5,018 Coin 404 13 31 Loans 2,328 758 1,698 Acceptances- Held under repurchase agreements Federal agency obligations— 7,102 — - 465 Bought outright 1,282 + 1,282 - 2,794 Held under repurchase agreements1 U.S. government securities: 111,724 + 624 + 4,351 Bought outright—Bills 87,484 — + 8,139 Notes 2299,,449933 — . ++ 1,732 Bonds 222288,,770011 ++ 624 ++ "4,222 Total bought outright? 4,001 + 4,001 - 3,171 Held under repurchase agreements1 232,702 + 4,625 + 11,051 Total U.S. government securities 243,414 + 6,665 + 9,490 Total loans and securities (1.166) 6,121 - 1,320 - 192 Cash items in process of collection 743 + 1 + 45 Bank premises 17,661 + 456 + 2,454 Other assets 3 (1,166) 284,420 + 5,787 + 11,742 TOTAL ASSETS LIABILITIES Federal Reserve notes 224,535 568 16,231 Deposits: Depository institutions 40,012 + 4,586 - '4,819 U.S. Treasury—general account 5,198 + 567 + 348 Foreign—official accounts 251 - 36 - 251 Other 398 + 139 + 46 Total deposits 45,859 + 5,256 - o,676 Deferred availability cash items (1,166) 6,020 - 501 + 58 Other liabilities and accrued dividends4 3,221 + 270 + 112 TOTAL LIABILITIES (1,166) 279,635 + 5,593 + i: ,725 .Capital paid in CAPITAL ACCOUNTS 2,106 _ 1 + 75 Surplus 2,047 — + 174 Other capital accounts 632 + 195 - 232 • Figures in parentheses are the eliminations made in the consolidating process. 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 $ 5,061 million matched sale-purchase transactions outstanding at the end of the lateet statement week. Includes $ l»2 16 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $ 82 million In Treasury bills maturing within 00 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. ** Atlanta District estimated MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 30, 1988 Acceptances and securities held under repurchase agreements are classified aa maturing within 15 days in accordance with mi ximum maturity of the agreements. U.S. government securities Federal agency obiigat 1006 LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings {Weekly changes Within 15 days 2,289 — 12,583 + 766 1,557 + 1,303 16 days to 90 days 39 — 53,659 + 1,061 675 + 11 01 days to 1 year — — 74,475 + 3,337 1,457 - 13 Over 1 year to 5 years — — 53,501 - 539 3,413 + 91 Over 5 years to 10 years — — 12,007 — 1,093 - 110 Over 10 years — 2266,,447777 — 118899 — Total I 77328 ____ 223322,,770022 ++ 4,625 88,,338844 ++ 1,282 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 Novetabei- 30. 19188 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11.059 680 3,309 389 655 917 584 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 404 21 13 29 24 60 46 42 27 12 28 31 71 Loans 2.328 6 18 54 4 33 27 361 107 16 144 1.239 319 Acceptances held under repurchase aareements — — — __ -- — — — ""feiierai agency obligations: Bought outright 7,102 431 2,427 202 410 552 331 862 209 101 267 398 912 Held under repurchase agreements ' 1,282 — 1,282 — — — — — — — — — — U.S. government securities: Bought outright-Bills 111.724 6,781 38,182 3,168 6.454 8.674 5,210 13,563 3.287 1,592 4,202 6.266 14,345 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 2 228.701 13.880 78,159 6,484 13,212 17,756 10,664 27.765 6.729 3.258 8.602 12.827 29,365 Held under repurchase agreements ' 4.001 — 4,001 — — — — — — — — — -~ Total U.S. government securities 232.702 13,880 82,160 6,484 13,212 17,756 10,664 27,765 6.729 3.258 8.602 12.827 29.365 Total loans and securities 243,414 14,317 85.887 6,740 13,626 18,341 11.022 28,988 7,045 3.375 9.013 14.464 30,596 Items in process of collection 7.287 423 1,006 315 322 482 376 588 431 372 1,103 585 1.284 Bank premises 744 91 32 46 32 123 59 98 20 24 46 22 151 Other assets 3 17,660 559 4,091 579 771 847 1,412 4,153 389 373 550 2.056 1.880 Interdistnct settlement account -0- + 711 + 1.526 + 479 + 200 + 2,093 - 532 - 1.365 f 1,011 + 562 + 1.135 - 3.504 - 2.316 TOTAL ASSETS 285,586 17,116 97.353 8,739 15.944 23,324 13.170 34.554 9,451 4,952 12.581 14.637 33,765 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 $ 5,061 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 1,21 dnillion 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 $ 82 million in Treasury Bills maturing within 90 days. 4 Estimated - (Atlanta District) 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 30. 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 224.535 14.144 75,843 6.408 13,821 20.005 8.074 29,658 7.861 3,893 9.843 11,553 23,432 Deposits: Depository institutions 40.012 2.224 12,540 1,644 1,361 2.343 3.865 3,211 983 506 1,361 2,004 7,970" U.S. Treasury-general account 5,198 5,198 Foreign-official accounts 251 5 141 7 8 9 13 19 4 5 6 13 21 Other 398 t 253 I 2 16 3 93 1 7 15 5 Total deposits 45.859 2.230 18,132 1,652 1.371 2,368 3,881 3,323 988 512 1,374 2,032 . 7,996 Deferred credit items 7.186 372 810 363 317 433 696 574 381 354 1,067 527 1,292 Other liabilities and accrued dividends ( 3,221 193 1,252 89 173 233 99 377 87 47 114 170 387 TOTAL LIABILITIES 280.801 16,939 96.037 8.512 15.682 23.039 12,750 33,932 9.317 4.806 12,398 14,282 33.107 CAPITAL ACCOUNTS Capital paid in 2.106 75 564 103 114 123 195 272 59 67 87 156 291 Surplus 2.047 68 541 97 113 114 181 261 58 63 85 175 291 Other capital accounts 632 34 211 27 35 48 44 89 17 16 11 24 76 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 285.586 17.116 97.353 8,739 15.944 23.324 13,170 34.554 9.451 4,952 12,581 14,637 33.765 FEDERAL RESERVE AGENTS' ACCOUNTS F.R notes outstanding 270,577 16.958 82,494 10.042 16,423 23.940 12.096 33.426 9.492 4.835 12,360 14,855 33.656 Less-Held by FR Banks 46,042 2.814 6,651 3.634 2,602 3.935 4,022 3,768 1.631 942 2,517 3.302 10.224 FR. notes, net 224.535 1144,,114444 7755..884433 66,,440088 1133..882211 2200..000055 88,,007744 2299..665588 77..886611 33,,889933 99,,884433 1111,,555533 23,432 Collateral held against F.R. notes: Gold certificate account 11,059 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 208.458 Total collateral 224.535 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Atlanta District) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis