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 '•^f^ffs??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 19, 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.. 1188,, 11998899 Jan. 11, 198S Jan. 20, 1988 Jan. 18, 1989 Reserve Bank credit: 12 262,851 - 5,160 + 18,345 262,485 U.S. government securities- Bought outright—system account 233,808 - 718 + 15,074 233,131 Held under repurchase agreements — - 2,457 — — Federal agency obligations- Bought outright 6,966 — - 568 6,966 Held under repurchase agreements — - 1,770 — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,879 + 63 + 1,286 1,314 Includes: seasonal borrowing of 65 + 3 + 15 57 extended credit of 1,335 - 172 + 894 1,056 Float 971 - 845 - 884 1,914 Other F.R. assets 19,226 + 567 + 3,436 19,160 Gold stock 11,057 — - 17 11,056 Special Drawing Rights certificate account 5,018 — ~ 5,018 Treasury currency outstanding 18,829 + 14 + 622 18,841 Total factors supplying reserve funds 297,755 - 5,147 + 18,950 297,400 Currency in circulation* * 243,652 - 2,235 + 17,671 243,191 Treasury cash holdings* * 408 + 8 - 38 408 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,368 - 1,874 + 1,847 3,650 Foreign 247 - 4 - 100 245 Service-related balances and adjustments3 1,884 - 299 - 217 1 1,591 Other 330 - 2 + 1 365 Other F.R. liabilities and capital 7,847 - 128 + 299 7,634 Total factors, other than reserve balances, absorbing reserve funds 258,735 - 4,535 + 19,461 j 257,084 Reserve balances with F.R. Banks« 39,020 - 612 - 513 40,316 On January 18, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $230,210 million, a decrease of $ 433 million for the week. 1 Net of $ 4,979 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $4,979 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,639 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,639 million was with foreign official and international accounts. Includes $ 790 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,591 million and adjustments of $ 293 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 BANKS Millions of dollars Change since •• WWeeddnneessddaayy **** Wednesday Wednesday January 18, 1989 January 11, 1989 Januai y 20, 1«'88 ASSETS Qold certificate account 11,056 _ 1 _ 16 Special Drawing Rights certificate account 5,018 — Coin 425 + 26 - 17 Loans 1,314 — 500 + 864 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 6,966 __ 457 Held under repurchase agreements1 _ 1,671 U.S. government securities: Bought outright—Bills 112,251 _ 1,785 + 5,024 Notes 90,950 + 7,977 BBoonnddss 29,930 — + 1,688 TToottaall bboouugghhtt oouuttrriigghhtt^^ 233,131 _ 1,785 + 14,689 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss11 - 2,959 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 233,131 4 744 + 14 68c Total loans and securities Wtt m + T3709?" Cash items in process of collection (1,586) + 6,007 Bank premises 751 + U Other assets3 18,409 _ 22 + 3,45d TOTAL ASSETS (1,586) 289,231 - 3,283 + 12,55C LIABILITIES Federal Reserve notes 225,183 - 1,658 + 16,88.) Deposits: Depository institutions 41,907 - 3,800 - 3,941 U.S. Treasury—general account 3,650 _ 1,156 - 20? Foreign—official accounts 245 + 68 + 14 Other 365 - 213 + 7 Total deposits 46,167 — 5,101 - 4,129 Deferred availability cash items (1,586) 10,247 + 3,670 + 54) Other liabilities and accrued dividends4 3,007 199 + 153 TOTAL LIABILITIES (1,586) 284,604 - 3,288 + 12,365 CAPITAL ACCOUNTS Capital paid in 2,115 + 1 + _c7 Surplus 2,113 + (6 Other capital accounts 399 + 4 + t 1 * 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 $5,639 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 90 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 $ 88 million in Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. ** Estimated (Atlanta District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, January 18, 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 Loans Acceptances Holdings [Weekly changes Holdings [Weekly changes Within 15 days 1,307 9,162 4,038 195 1,670 16 days to 90 days 7 57,032 1,798 742 91 days to 1 year 72,050 2,634 1,435 Over 1 year to 5 years 55,277 2 3,405 Over 5 years to 10 years 12,701 132 1,000 Over 10 years 26,909 189 Total 1,314 233,131 4,744 6,966 1,671 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 18, 1989 Millions of dollars . . . __ Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta * Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,056 680 3,306 389 655 917 584 1,394 368 168 490 676 1,42* Special Drawing Rights certif. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 425 21 15 30 28 66 42 47 31 13 31 30 71 Loans 1,314 31 18 18 1 8 4 15 112 9 37 1,057 4 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 — __ — — — — ~ — — — — ~ U.S. government securities: Bought outright-Bills 112,251 6,813 38,362 3,182 6,484 8,716 5,234 13,628 3,303 1,599 4,222 6,295 14,413 Notes 90,950 5,520 31,083 2,578 5,254 7,061 4,241 11,041 2,676 1,296 3,421 5,101 11,678 Bonds 29,930 _1JL816_ 10,228 849 1,729 2,324 1,395 3,634 881 426 1,126 1,679 3,843 Total bought outright 2 233,131 14,149 79,673 6,609 13,467 18,101 10,870 28,303 6,860 3,321 8,769 13,075 29,934 Held under repurchase agreements 1 — ••-- — — — — — — — — — — — Total U.S. government securities 233,131 14,149 " 79,673 6,609 13,467 18,101 10,870 28,303 6,860 3,321 8,769 13,075 29T934~~ Total loans and securities 241,411 14,603 82,072 6,824 13,870 18,650 11,199 29,164 7,177 3,429 9,068 14,523 30,832 Items in process of collection 13,747 681 1,836 902 657 936 57 1,319 912 871 1,902 1,303 2,371 Bank premises 751 91 32 46 32 124 59 101 21 24 47 23 151 Other assets 3 18,409 630 4,367 618 838 928 1,139 4,201 426 384 600 2,127 2,151 Interdistrict settlement account -0- ;+ 1,165 + 4,777 - 285 381 + 1,936 34 -1,957 + 509 ++ 885522 ++ 333399 -- 33,,995566 -2,965 TOTAL ASSETS 290,817" \ 18,185 97,894 8,686 16,013 24,018 13,249 34,925 9,604 55,,880077 1122,,669933 1155,,003333 34,710 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 $ 5639 million-matched saie-purchase transactions outstanding at the end of the latest statement week. Includes $ ^90 mj||jon securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthiy at market exchange rates. Includes special investment account at Chicago of $ 88 million in Treasury Bills maturing within 90 days. * 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 January 18, 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 225.183 14,482 77,774 6,109 13,432 19,615 8,196 29,319 7,608 4,274 9,505 11,246 23,623 Deposits: Depository institutions 41,907 2,647 12,343 1,627 1,608 3,101 4,329 3,547 1,130 650 994 2,111 7,820 U.S. Treasury-general account 3,650 3,650 Foreign-official accounts 245 5 135 7 8 9 13 19 4 5 6 13 21 Other 365 2 203 1 13 31 4 98 1 5 3 4 Total deposits 4466,,116677 2,654 16,331 1,635 1,629 3,141 4,346 3,664 1,134 656 1,005 2,127 7,845 Deferred credit items 1111,,883333 693 1,477 641 528 756 155 973 647 689 1,884 1,152 2,238 Other liabilities and accrued dividends 1 33,,000077 182 1,044 85 172 228 142 371 87 45 112 164 375 TOTAL LIABILITIES ~~TT8866\\1199QQ 18,011 96,626 8,470 15,761 23,740 iz.ujy 34,327 9,476 5,bb4 12,506 I4,b«y 34,081 CAPITAL ACCOUNTS Capital paid in 22,,111155 75 567 102 115 124 196 274 59 67 87 159 290 Surplus 22,,111133 75 566 103 115 123 196 273 58 67 87 159 291 Other capital accounts 339999 24 135 11 22 31 18 51 11 9 13 26 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 290,817 18,185 97,894 8,686 16,013 24,018 13,249 34,925 9,604 5,807 12,693 15,033 34,710 FEDERAL RESERVE AGENTS' ACCOUNTS FR. notes outstanding 270,765 17,322 84,029 9,934 16,131 23,391 12,442 32,691 9,38yB 5,154 12,108 14,432 33,743 Less-Held by F.R. Banks 45,58? 2.840 6.255 3.825 2,699 3,776 4,24b 3,372 1,78b 880 2,603 3,186 10,120 F.R. notes, net 225,183 1144,,448822 7777,,777744 66,,110099 1133,,443322 1199;;661155 88,,119966 2299,,331199 77,,660088 44,,227744 99,,550055 1111,,224466 23,623 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 209.109 Total collateral 225,183 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