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 rsnf^x 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 26, 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 1 Change from week ended Wednesday JJaann.. 2255.. 11998899 Jan. 18, 1989 Jan. 27, 1988 Jan. 25, 1989 Reserve Bank credit: *.* [ 261,072 |_ 1,779 | + 16,303 266,298 U.S. government securities- Bought outright—system account 232,989 - 819 + 14,001 232,974 Held under repurchase agreements 431 + 431 - 70 3,014 Federal agency obligations- Bought outright 6,903 - 63 - 520 ! 6,819 Held under repurchase agreements | 181 + 181 ! - 23 1,268 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,174 - 705 + 752 2,018 Includes: seasonal borrowing of 57 - 8 - 1 61 extended credit of 721 - 614 + 498 779 Float 105 - 866 - 1,359 569 Other F.R. assets 19,288 + 62 + 3,521 19,636 Gold stock 11,056 - 1 - 15 11,056 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,843 + 14 + 622 18,855 Total factors supplying reserve funds 295,989 - 1,766 + 16,910 301,227 Currency in circulation* 241,476 _ 2,176 + 17,232 i 240,429 Treasury cash holdings* 408 — - 28 j 408 Deposits, other than reserve balances, with F.R. Banks: Treasury 9,360 + 4,992 + 419 13,769 Foreign 281 •f 34 + 55 204 Service-related balances and adjustments3 1,950 + 66 j - 747 1,594 Other 381 + 51 _ 2 749 Other F.R. liabilities and capital 8,025 + 178 + 407 7,961 Total factors, other than reserve balances, absorbing reserve funds 261,881 + 3,146 + 17,336 265,114 Reserve balances with F.R. Banks * 34,107 - 4,913 - 427 36,113 On January 25, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $228,413 million, a decrease of $ 1,797 million for the week. 1 Net of $ 5,718 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,080 million was with foreign official and international accounts. Includes securities loaned—fully secured by U S government securities. 2 Net of $ 5,662 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,662 million was with foreign official and International accounts. Includes $ 758 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,594 million and adjustments of $ 356 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 RANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday January 25, 1989 January 18, 1989 January 27, 1988 ASSETS Gold certificate account 11.056 15 Special Drawing Rights certificate account 5,018 — Coin 457 + 32 8 Loans 2,018 + 704 + 1,655 xeptancee— Held under repurchase agreements Federal agency obligations- Bought outright 6,819 - 147 - 604 Hekj under repurchase agreements 1 1,268 + 1,268 + 657 U.S. government securities: Bought outright—Bills 112,094 - 157 + 4,417 Notes 90,950 — + 7,977 Bonds 2299,,993300 — ++ 1,686 Total bought outright? 223322,,997744 —— ,, 157 ++ 14,082 Held under repurchase agreements1 3,014 + 3,014 + 1,62/ Total U.S. government securities 235,988 + 2,857 + 15,706 Total loans and securities 246,093 + 4,682 + 17,4H Cash items in process of collection (1,164) 6,605 - 7,140 - 48: Rank premises 752 + 1 + 48 Other assets 3 18,884 + 475 + 3,343 TOTAL ASSETS (1,164) 288,865 - 1,950 + 20,30. LIABILITIES Federal Reserve notes 222,439 2,744 16,12) Deposits: Depository institutions 37,707 - 4,200 - 852 U.S. Treasury—general account 13,769 + 10,119 + 4.28B Foreign—official accounts 204 - 41 - 16 Other 749 + 384 + 366 Total deposits 52,429 + 6,262 •f 3,786 Deferred availability cash items (1,164) 6,036 - 5,795 - 107 Other liabilities and accrued dividends4 3,349 + 342 + 329 TOTAL LIABILITIES (1,164) 284,253 — 1,935 + 20,128 CAPITAL ACCOUNTS Capital paid in 2,117 + 2 + 57 Surplus 2,113 — + 66 Other capital accounts 382 - 17 + !0 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 $ -0- million was outstanding at the end of the latest statement week. Net of $ 5,662 million matched sale-purchase transsctions outstanding at the end of the latest statement week. Includes S 75! million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special Investment account at Chicago of $ 87 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 25, 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 2,017 — 10,213 + 1,051 1,364 + 1,169 16 days to 90 days 1 — 56,994 - 38 825 + 83 91 days to 1 year — — 73,894 + 1,844 1,353 - 82 Over 1 year to 5 years — — 55,277 — 3,359 - 46 Over 5 years to 10 years _ — 12,701 — 997 - 3 Over 10 years 1 — --5555-- 2266,,990099 — 118899 — Total • 27018 223355,,998888 ++ 2,857 --ttff..88,,008877 ++ 1,121 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 25, 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 1,429 Special Drawing Rights certif. acct. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 457 23 18 32 30 70 48 49 33 14 33 32 75 Loans 2,018 25 926 40 22 4/ 18 31 40 11 38 778 42 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 6,819 414 2,330 193 394 529 318 828 201 97 257 382 876 Held under repurchase agreements 1 1,268 — 1,268 — — — — ~ — — — — U.S. government securities: Bought outright—Bills 112,094 6,803 38,308 3,178 6,475 8,703 5,227 13,609 3,298 1.597 4,216 6,287 14,393 Notes 90,950 5,520 31,083 2,578 5,254 7,061 4,241 11,042 2,676 1.296 3,421 5,100 11.67B Bonds 29,930 1,817 10,228 849 1,729 2,324 1,395 3,633 881 426 1,126 1,679 3,843 Total bought outright 2 232.974 14,140 79,619 6,605 13.458 18,088 10,863 28.284 6,855 3.319 8 763 13.066 29,914 Held under repurchase agreements ' 3,014 — J.U14 — — — — — — — — — — Total U.S. government securities 235,988 14,140 82,633 6,605 13,458 18,088 10,863 28,284 6,855 3,319 8,763 13,066 29,914 Total loans and securities 246,093 14,579 87,157 6,838 13,874 18.664 11,199 29.143 7,096 3,427 9,058 14,226 30,832 Items in process of collection 7,769 306 989 489 298 361 772 632 459 408 1,055 567 1,433 Bank premises 752 92 32 46 32 124 59 101 21 24 47 23 151 Other assets 3 18,884 650 4,621 631 867 962 1,180 4,268 435 401 610 2,167 2,092 Interdistrict settlement account -0- + 772 + 8,249 - 186 - 488 +1,340 - 1,492 - 2,492 + 479 +1,106 + 344 - 3,418 - 4,214 TOTAL ASSETS 290,029 17,416 105,861 8,401 15,582 22.899 12,553 33,751 9,051 5,614 11,853 14,580 32,468 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 $ 5,662 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 758 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 $ 87 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) f™TEMENTOF CONDITION OF EACH FEDERAL RESERVE BANK ON January 25. 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 222,439 14,420 77,230 5,955 13.426 19,344 7,943 29,122 7,503 4,329 9,429 10,9°9 22,747 Deposits: Depository institutions 37,707 2,268 10,826 1,642 1,442 2,594 3,314 2,984 914 697 1,098 2.534 7.394 U.S. Treasury-general account 13,769 13,769 Foreign-official accounts 204 5 93 7 8 9 13 19 4 5 6 13 22 Other 749 4 602 1 2 28 4 97 1 3_ 3_ Total deposits 52,429 2,277 25,290 1,650 1,452 2,631 3,331 3,100 919 702 1,107 2,550 7,420 Deferred credit items 7,200 361 813 492 257 407 715 542 411 386 1,013 526 1,277 Other liabilities and accrued dividends' 3.349 189 1,290 88 180 240 154 387 90 118 172 393 TOTAL LIABILITIES 285,417 17,247 104,623 8,185 15,317 22,622 12,143 33,151 8,923 5,465 11,667 14,237 31.837 CAPITAL ACCOUNTS Capital paid in 2,117 76 567 102 115 124 196 275 59 67 87 159 290 Surplus 2,113 75 566 103 115 123 196 273 58 67 87 159 291 Other capital accounts 382 18 105 11 35 30 18 52 11 15 12 25 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 290,029 17,416 105,861 8,401 15.582 22,899 12,553 33,751 9,051 5,614 11,853 14.580 32,468 FEDERAL RESERVE AGENTS' ACCOUNTS F.M Le . s n s o - t H es e l o d u b ts y t a F n . d R in .B g a nks £ 4 f 7 U , , 9 J 1 H 0 7 3.030 oi 6 .4 n 9 n 9 a 4 9 , , 0 9 0 6 6 ! !6 2 ; J 3 9 7 4 3 5 2 3 3; , 2 9 5 1 4 0 1 4 2 , . 4 4 9 3 0 3 3 3 2 , , 5 6 4 7 8 0 9 1 , . 3 85 5 0 3 5.2 6 2 9 1 2 12,055 1 i 4 ,3 n 2 ? 1 3 1 3 0 . . 5 7 2 82 9 F.R. notes, net 222,439 14,420 77,230 5,955 13,428 19.344 7,943 29,122 7,503 4,329 9,429 10,989 22.747 Collateral held against F.R. notes: Gold certificate account 11,056 Special Drawing Rights cert if. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 206,365 Total collateral 222,439 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