H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. The enact time of each release will be announced, when •.fSuRE^: 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 January 5. £989 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 JJaann,, 44,, 11998899 Dec. .28, 1988 Jan . 6, 1988 Jan. 4, 1989 Reserve Bank credit: L 2 270,133 + 5,639 + 18,967 273> 893 U.S. government securities- Bought outright—system account 233,504 + 623 + 14,232 233,025 Held under repurchase agreements 4,498 + 2,827 + 1,492 7,097 Federal agency obligations- Bought outright 6,966 - 44 - 587 6,966 Held under repurchase agreements 2,465 + 1,557 + 1,402 3,564 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 2,280 + 918 - 628 1,994 Includes: seasonal borrowing of 125 - 21 + 53 85 extended credit of 908 - 16 + 460 1,521 Float 1,311 - 460 + 87 2,576 Other F.R. assets 19,110 + 219 + 2,969 18,671 Gold stock 11,060 — - 18 11,060 Special Drawing Rights certificate account 5,018 — 5,018 Treasury currency outstanding 18,801 4- 14 + 622 18,813 Total factors supplying reserve funds 305,012 + 5,653 + 19,571 308,784 Currency in circulation* 247,768 + 1,170 + 17,849 247,647 Treasury cash holdings* 395 «. 2 _ 51 396 Deposits, other than reserve balances, with F.R. Banks: Treasury 8,459 + 3,959 + 3,428 8,814 Foreign 299 + 116 + 36 189 Service-related balances and adjustments3 1,980 + 131 _ 306 1,606 Other 491 + 79 _ 418 330 Other F.R. liabilities and capital 7,777 _ 343 + 576 7,860 Total factors other than rfis&n/P halancp^ absorbing reserve funds 267,169 + 5,109 + 21,114 266,842 Reserve balances with F.R. Banks 4 37,842 + 543 - 1,544 41,942 0n January 4, 1989 • marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 233,779 million, an increase of $ 853 million for the week. 1 Net of $ 5*286 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,286 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ $765 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,765 million was with foreign official and international accounts. Includes $ 1,797 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,606 million and adjustments of $ 374 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 Wednej• id ay January 4, 1989 December 28, 1988 January 6, 1988 ASSETS Gold certificate account 11,060 — • 17 Special Drawing Rights certificate account 5,018 — — Coin 382 . ' - 26 - 19 . Loans 1,994 + 391 + 1,245 Acceptances— Held under repurchase agreements «»«» __ — Federal agency obligations- Bought outright 6,966 - 1 - 587 Held under repurchase agreements 1 3,564 + 2,129 + 2,688 U.S. government securities: Bought outright—Bills 112,145 - 637 + 4,497 Notes 90,950 + 100 + 7,977 Bonds 29,930 — + 1,688 Total bought outright* 233,025 ~ 537 + 14,162 Held under repurchase agreements* 7,097 + 3,391 + 4,977 Total U.S. government securities 240,122 + 2,854 + 19,139 Total loans and securities 252,646 + 5,373 + 22,485 Cash items in process of collection (1,842) 13,015 + 1,879 + 2,372 Bank premises 750 + 4 + 45 Other assets 3 17,921 424 + 2,703 TOTAL ASSETS (1,842) 300,792 + 6,806 + 27,569 LIABILITIES Federal Reserve notes 229,612 - 132 + 17,891 Deposits: Depository institutions 43,548 + 2,415 + 1,854 U.S. Treasury—general account 8,814 + 2,992 + 4,716 Foreign—official accounts 189 - 27 - 48 Other 330 - 226 + 46 Total deposits 52,881 + 5,154 + 6,568 Deferred availability cash items (1,842) 10,439 + 1,994 + 2,626 Other liabilities and accrued dividends4 3,421 - 66 + 406 TOTAL LIABILITIES (1,842) 296,353 + 6,950 + 2.7,491 CAPITAL ACCOUNTS Capital paid in 2,114 + 1 + 70 Surplus 2,113 + 66 + 66 Other capital accounts 212 - 211 - 58 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 S -0- million was outstanding at the end of the latest statement week. Net of $ 5,765 million matched sale-purchase transactions outstanding at the end of the latest statement week. Include s% 1 >797 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special Investmeni: account at Chicago of $ 36 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, January 4, 1989 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 [Weekly changes Holdings |Weekly changes Within 15 days 1,981 16,446 + 3,884 3,564 + 1,959 16 days to 90 days 13 — 54,256 - 661 837 + 140 91 days to 1 year — — 74,664 - 322 1,522 + 30 Over 1 year to 5 years — — 55,279 - 47 3,418 - 1 Over 5 years to 10 years — — 12,568 — 1,000 — Over 10 years 1 — —— 2266,,990099 — 118899 — Total 1 1,994 224400,,112222 ++ 2,854 1100,,553300 ++ 2,128 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 January 4, 1989 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 11,060 680 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 382 19 13 28 24 58 35 43 29 11 29 27 66 Loans 1,994 14 45 49 151 7 7 30 140 9 17 1,522 3 Acceptances held under repurchase agreements ^ — — — — — — — — — —~ ""— — —"• Federal agency obligations: Bought outright 6,966 423 2,381 197 402 541 325 846 205 99 262 391 894 Held under repurchase agreements 1 3,564 — 3,564 — — — — — ""— — — — — U.S. government securities: Bought outright-Bills 112,145 6,806 38,326 3,179 6,478 8,707 5,229 13,615 3,300 1,598 4,218 6,289 14,400 Notes 90,950 5,520 31,083 2,578 5,254 7,061 4,241 11.042 2,676 1,295 3,421 5,101 11,678 Bonds 29,930 _ 1,816 10,228 849 1,729 2,324 1,396 3,633 881 426 1,126 1,679 3,843 Total bought outright 2 233,025 14,142 79,637 6,606 13,461 18,092 10,866 28,290 6,857 3,319 8,765 13,069 29,921 Held under repurchase agreements 1 7,097 — 7,097 — — — — — — — — — — Total U.S. government securities 240,122 14,412 86,734 6,606 13,461 18,092 10,866 28,290 6,857 3,319 8,765 13,069 29,921 T^tal loans and securities 252,646 14,579 92,724 6,852 14,014 18,640 11,198 29,166 7,202 3,427 9,044 14,982 30,818 Items in process of collection 14,857 698 2,158 685 543 1,263 1,281 1,207 850 810 1,933 1,139 2,290 BBaannkk pprreemmiisseess 750 92 32 46 32 124 59 100 21 24 47 22 151 OOtthheerr aasssseettss 33 17,921 615 4,412 587 828 899 1,064 4,129 402 376 569 2,101 1,939 Interdistrict settlement account -0- + 1,175 - 387 + 900 - 112 + 1,918 + 276 - 1,250 + 982 + 933 + 662 - 4,200 - 897 TOTAL ASSETS 302,634 18,172 103,751 9,649 16,298 24,280 14,700 35,445 10,014 5,815 12,990 15,054 36,466 i 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 $ 5,765 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,797 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 $ 36 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 January 4, 1989 Millions of dollars Total Boston New York Philadelphia 1 Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San Cleveland City Francisco LIABILITIES Federal Reserve notes 229,612 14,363 78,434 6,501 13,710 20,142 8,769 29,673 7,829 4,113 9,721 11,566 24,791 Deposits: Depository institutions 43,548 2,841 12,166 2,140 1,629 2,876 4,373 3,806 1,261 760 1,109 2,002 8,585 U.S. Treasury—general account 8,814 8,814 Foreign—official accounts 189 5 79 7 8 9 13 19 4 5 6 13 21 Other 330 1 220 1 13 25 4 50 7 2 3 4 Total deposits 52,881 2,847 21,279 2,148 1,650 2,910 4,390 3,875 1,272 767 1,118 2,015 8,610 Deferred credit items 12,281 606 1,421 703 532 727 996 945 708 751 1,852 972 2,068 Other liabilities and accrued dividends 1 3,421 190 1,406 88 . 174 234 144 378 89 47 116 169 386 TOTAL LIABILITIES . 293,195 18,006 102,540 9,440 16,066 24,013 14,299 34,871 9,898 5,678 12,807 14,722 35,855 CAPITAL ACCOUNTS Capital paid in 2,114 75 566 102 115 124 196 274 58 67 87 159 291 Surplus 2,113 75 566 103 115 123 196 273 58 67 87 159 291 Other capital accounts 212 16 79 4 2 20 9 27 3 9 14 29 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 302,634 18,172 103,751 9,649 16,298 24,280 14,700 35,445 10,014 5,815 12,990 15,054 36,466 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 271,326 16,836 84,278 10,008 16,041 23,633 12,461 32,860 9,405 4,921 12,193 14,604 34,086 Less-Held by F.R. Banks 41,714 2,473 5,844 3,507 2,331 3,491 3,692 3,187 1,576 808 2,472 3,038 9,295 F.R. notes, net 229,612 1144,,336633 7788,,443344 66,,550011 1133,,771100 2200,,114422 88,,776699 2299,,667733 77,,882299 44,,111133 99,,772211 1111,,556666 24,791 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 213,534 Total collateral 229,612 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