H.4.1 Factors Affecting Reserve Balances of Depository Institutions

-••«°-Ls^-. 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^URt^- H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks January L2. 1989 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 1111.. 11998899 Jan 4, 1989 Jan M.1988 Jan 11, 1989 Reserve Bank credit: ^ 268,038 - 2,095 + 20,906 269,463 U.S. government securities- Bought outright—system account 234,526 + 1,022 + 14,948 234,916 Held under repurchase agreements 2,457 2,041 + 1,961 2,959 Federal agency obligations- Bought outright 6,966 — - 587 6,N966 Held under repurchase agreements 1,770 695 + 1,508 1,671 Acceptances- Bought outright — — — — Held under repurchase agreements — — -- — Loans to depository institutions 1,816 464 + 835 1,814 Includes: seasonal borrowing of 62 63 + 3 61 extended credit of 1,507 + 599 + 985 1,535 Float 1,804 + 493 - 933 1,955 Other F.R. assets 18,698 412 + 3,174 19,182 Gold stock 11,057 3 - 19 11,057 Special Drawing Rights certificate account 5,018 — — 5,018" Treasury currency outstanding 18,815 + 14 + 622 18,827 Total factors supplying reserve funds 302,929 2,083 + 21,510 304,365 Currency in circulation* 245,887 1,881 + 18,044 244,862 Treasury cash hold'ngs* 40U + 5 - 38 408 Deposits, other then reserve balances, with F.R. Banks: Treasury 6,242 2,217 + 2,371 4,806 Foreign 25i 48 + 16 177 Service-related balances and adjustments3 2,±83 + 204 - 95 1,606 Other 332 159 + 78 578 Other F.R. liabilities and capital 7,975 + 198 + 453 7,828 Total factors, other than reserve balances, ~ 263,270 ^ 2U898 + 20,830 260,265 absorbing reserve funds 39,659 + 1,816 + 678 44,101 Reseue balances with F.R. Banks4 On • January 11, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 230,643 million, a decrease of $ 3,136 million for the week. 1 Net of $ 4,263 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,263 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. Net of $ 3,874 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,874 million was with foreign official and international accounts. Includes $ 838 million securities loaned—fully secured U.S. government securities. Consists of required clearing balances of $ 1,606 million and adjustments of $ 577 million to compensate for float. 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 Wednesday Wednesday Wednesday January 11, 1989 January 4, 1989 January 13. 1<J88 ASSETS Gold certificate account 11,057 18 Special Drawing Rights certificate account 5,018 Coin 399 17 10 Loans 1,814 180 903 Acceptances— Held under repurchase agreements Federal agency obligations- Bought outright 6,966 — - 587 Hekj under repurchase agreements'! 1,671 - 1,893 + 1,671 U.S. government securities: Bought outright—Bills 114,036 + 1,891 + 5,919 Notes 90,950 — + 7,977 Bonds 2299,,993300 — ++ 1,68* Total bought outright2 223344,,991166 ++ 1,891 ++ 15,58*. Held under repurchase agreements'! 2,959 - 4,138 + 2,959 Total U.S. government securities 237,875 - 2,247 + 18,543 Total loans and securities 248,326 - 4,320 + 18,72a Cash items in process of collection (1,325) 8,532 - 4,483 + 840 Bank premises 751 + 1 + 4-5 Other assets 3 18,431 + 510 + 3,413 TOTAL ASSETS (1,325) 292,514 + 8,278 + 22,995 LIABILITIES Federal Reserve notes 226,841 2,771 17,159 Deposits: Depository institutions 45,707 2,159 + 3,718 U.S. Treasury—general account 4,806 4,008 + 1,385 Foreign—official accounts 177 12 - 25 Other 578 248 + 26 9 Total deposits 51,268 1,613 + 5,357 Deferred availability cash items (1,325) 6,577 3,862 + K9 Other liabilities and accrued dividends4 3,206 215 + 2'M TOTAL LIABILITIES (1,325) 287,892 8,461 + 22,8 !6 CAPITAL ACCOUNTS Capital paid in 2,114 + 35 Surplus 2,113 — + 36 Other capital accounts 395 183 + 38 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 $ 1,357 million was outstanding at the end of the latest statement week. Net of $ 3,874 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 838 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 $ 62 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 11, 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 1,799 — 13,200 - 3,246 1,865 1,699 16 days to 90 days 15 — 55,234 + 978 742 95 91 days to 1 year — — 74,684 + 20 1,435 87 Over 1 year to 5 years — — 55,279 — 3,406 12 Over 5 years to 10 years — — 12,569 + 1 1,000 — Over 10 years — --EE-- 2266,,990099 — 118899 — .. Total 1,814 223377,,887755 2,247 88,,663377 1,893 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 11, 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 11,057 680 3,307 389 655 917 584 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 399 19 14 29 26 62 37 44 30 12 30 28 68 Loans 1,814 15 21 18 — 7 5 23 53 6 44 1,536 86 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 1,671 — 1,671 — — — — — — — — — — U.S. government securities: Bought outright-Bills 114,036 6,921 38,972 3,233 6,588 8,854 5,317 13,844 3,355 1,625 4,289 6,396 14,642 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 3,634 881 426 1,126 1,678 3,843 Total bought outright 2 234,916 14,257 80,283 6,660 13,571 18,239 10,954 28,520 6,912 3,346 8,836 13,175 30,163 Held under repurchase agreements 1 2,959 — 2,959 — — — — — — — — — — Total U.S. government securities 237,875 14,257~ 83,242 6,660 13,571 18,239 10,954 28,520 6,912 3,346 8,836 13,175 30,163 Total loans and securities 248,326 14,695 87,315 6,875 13,973 18,787 11,284 29,389 7,170 3,451 9,142 15,102 31,143 Items in process of collection 9,857 536 1,330 571 415 566 805 801 497 470 1,234 753 1,879 Bank premises 751 91 32 46 32 124 59 101 21 24 47 23 151 Other assets 3 18,431 620 4,424 596 821 913 1,293 4,198 419 373 580 2,108 2,086 Interdistrict settlement account -0- + 1,495 + 1,476 + 300 + 31 + 2,665 - 406 - 1,570 + 722 + 1,040 + 490 - 4,138 - 2,105 TOTAL ASSETS 293,839 18,450 99,387 8,968 16,267 24,495 13,859 35,013 9,387 5,604 12,229 14,859 35,321 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 $ 1,357million was outstanding at the end of the latest statement week. 2 Net of $ 3,874 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 838 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 $ 62 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 11, 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 226,841 14,442 78.201 6,211 13,510 19,925 8,329 29,487 7,713 4,138 9,565 11,370 23,950 Deposits: Depository institutions 45,707 3,237 12,581 1,836 2,053 3,544 4,271 3,829 1,033 867 1,183 2,374 8,899 U.S. Treasury—general account 4,806 4,806 Foreign-official accounts 177 5 67 7 8 9 13 19 4 5 6 13 21 Other 578 2 431 1 13 45 4 73 1 1 3 1 3 Total deposits 51,268 3,244 17,885 1,844 2,074 3,598 4,288 3,921 1,038 873 1,192 2,388 8,923 Deferred credit items 7,902 404 839 612 257 458 684 631 418 408 1,171 588 1,432 Other liabilities and accrued dividends 1 3,206 186 1,192 87 174 237 149 377 90 47 114 169 384 TOTAL LIABILITIES 289,217 18,276 98,117 8,754 16,015 24,218 13,450 34,416 9,259 5,466 12,042 14,515 34,689 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 395 24 138 9 22 30 17 50 12 4 13 26 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 293,839 18,450 99,387 8,968 16,267 24,495 13,859 35,013 9,387 5,604 12,229 14,859 35,321 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 270,803 17,125 84,161 9,969 16,005 23,497 12,339 32,778 9,429 4,943 12,143 14,515 33,899 Less-Held by F.R. Banks 43,962 2,683 5,960 3,758 2,495 3,572 4,010 3,291 1,716 805 2,578 3,145 9,949 F.R. notes, net 226,841 1144,,444422 7788,,220011 66,,221111 1133,,551100 1199,,992255 88,,332299 2299,,448877 77,,771133 44,,113388 99,,556655 1111,,337700 23,950 Collateral held against F.R. notes: Gold certificate account 11,056 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 210,767 Total collateral 226,841 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