H.4.1 Factors Affecting Reserve Balances of Depository Institutions

o? cov^ FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release wtttbe announced, when ?$fg^rthe information is available, on (202) 452-3206. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks February 2. 1Q89 Averages of daily figures (millions of dollars) " RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, WWeeeekk eennddeedd | Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss FFeebb--11,, 11998899 Jan .25. 1989 [Feb,3, 1988 Feb-U 1989 Reserve Bank credit: u 262,162 1,129 | + 19,758 | 261,057 U.S. government securities- Bought outright—system account 234,149 + 1,160 + 16,020 232,874 Held under repurchase agreements — - 431 *— — Federal agency obligations- Bought outright 6,819 I - 84 - 595 6,819 Held under repurchase agreements — - 181 — — Acceptances- Bought outright — —• -*- — Held under repurchase agreements — — —~ — Loans to depository institutions 956 - 218 + 663 903 Includes: seasonal borrowing of 78 + 21 + 27 78 extended credit of 693 - 28 - 304 673 Float 331 + 263 - 666 575 Other F.R. assets 19,907- + 621 + 4,337 19,886 Gold stock 11,057 + 1 - 11 11,056 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,857 + 14 •f 622 18,869 Total factors supplying reserve funds 297,094 + 1,144 + 20,369 296,000 Currency In circulation* 239,570 - 1,905 + 16,160 239,624 Treasury cash holdings* 413 I + 4 - 26 417 Deposits, other than reserve balances, with F.R. Banks: Treasury 13,304 + 3,944 + 5,179 8,984 Foreign 222 - 59 1 - 69 240 Service-related balances and adjustments * 1,990 + 40 1 - 95 1,590 Other 510 •f 129 I + 176 376 Other F.R. liabilities and capital 7,835 - 190 + 848 7,416 Total factors, other than reserve balances, absorbing reserve funds 263,845 + 1,964 j + 22,175 | 258,647 Reserve balances with F.R. Banks * 33,249 - 819 - 1,805 37,353 On February 1, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and International accounts were $ 228,431 million, an increase of $ is million for the week. 1 Net of $ 3,876 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,876 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,109 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,109 million was with foreign official and international accounts. Includes $ 970 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,590 million and adjustments of $ 400 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 Wednesday ** February 1, 1989 January 25, 1989 February 3, 1988 ASSETS Gold certificate account 11,056 — - 11 Special Drawing Rights certificate account 5,018 — — Coin 483 + 26 — Loans 903 - 1,115 + 701 Acceptances— Held under repurchase agreements — •. Federal agency obligations- Bought outright 6,819 — - 583 Held under repurchase agreements 1 — - 1,268 — U.S. government securities: Bought outright—Bills 112,017 - 77 + 7,234 Notes 90,928 - 22 + 8,305 Bonds 29,929 _ 1^ 4- 1,687 Total bought outright^ 232,874 „ 100 4." 17,226 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss''!! — - 3,014 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 232,874 _ 3,114 ++ 1111177777,,,,,222222222266666 Total losns and securities 240,596 _ 55774499TT 1111177777,,,,,333334444444444 Cash items In process of collection (1,121) 7,225 + 662200 + 888882222266666 O Ba th T n e O k r T p a A r s e L s m e A i t S s s e S 3 s E TS (1.121) 2 1 8 9 4 , , 1 2 7 3 6 5 2 4 4 + + 44,,66 22 00 44 11 22 88 + + + 22222 33333 00000 ,,,,, ,,,,, 88888 33333 33333 88888 44444 33333 55555 55555 LIABILITIES Federal Reserve notes , 221,655 - 784 + 15,187 Deposits: , Depository institutions 38,943 + 1.236 _ 1,348 U.S. Treasury—general account 8,984 - 4,785 + 5,552 Foreign—official accounts 240 + 36 + 27 Other 376 - 373 + 46 Total deposits 48,543 - 3,886 + 4,277 O De th fe e r r r e li d a b a i v li a ti i e la s b a il n it d y a c c a c s r h u e it d e m di s v idends4 U.121) 3 6 , , 0 6 4 5 3 0 + - 6 3 1 0 4 6 4 ++ . 555 222000 111 999 444 ___ TOTAL LIABILITIES (1.121) 279,891 - 4,362 ++ 222000,,,111888777 CAPITAL ACCOUNTS Capital paid in 2,119 + 2 Surplus ; 2,112 _ I + 57 Other capital accounts i 142 - _ 240 + 77 + 64 __ Does not Include U.S. government and federal agency securities resold under matched sale-purchase transact! and international accounts of which $ -o- million was outstanding at the end of the latest statement week t0 fora,fln offic Net of $ 5,109 million matched sale-purchase transactions outstanding at the end of the latest statement w~\, . million securities loaned-fully secured by U.S. government securities. WWK- "Mudae $ 970 Includes assets denominated In foreign currencies, revalued monthly at market exchange rates. Includes at***! 11 at Chicago of $ 91 million In Treasury bills maturing within 90 days. w,il mv«*tment account Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of forainn . *. mltments. 8n ixcn™Qe com- MATURITY DISTRIBUTION OF LOANS AND SECURITIES, February 1, 1989 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days In acenM maturity of the agreements. wnance with maximum U.S. government securities LLooaannss AAcccceeppttaanncceess ^•iyiioency obligations Holdings [Weekly changes JWeekly change; Within 15 days 888 — 12,614 + 2,401 1,364 16 days to 90 days 15 — 51,770 - 5,224 910 + 85 91 days to 1 year — — 73,376 - 518 1.378 + 25 Over 1 yeur to 5 years — — 55,524 + 247 3.345 14 Over 5 years to 10 years — — 12,681 - 20 997 Ov T e o r t 1 a 0 l years 990033~~ -- ^^-- 22 22 33 66 22 ,, ,, 99 88 00 77 99 44 -- 3,11 -- 4 _ 6 _ ,8 1 1 8 9 £ 1,266 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 February i, 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 11,056 680 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 483 27 19 35 31 72 50 52 34 14 34 36 79 Loans 903 42 7. 21 11 11 11 27 49 17 29 674 4 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 — — — — — — — — ~ — — ~" — LLS. government securities: Bought outright—Bills 112,017 6,799 38,282 3,176 6,471 8,697 5,223 13,599 3.296 1.596 4,213 6,282 14,383 Notes 90,928 5,518 31,075 2,578 5,253 7,060 4,240 11,039 2,675 1,295 3,420 5,100 11,675 Bonds 29.929 1,816 10.228 848 1,729 2,324 1,395 3.634 881 426 1,126 1,679 3.843 Total bought outright 2 232,874 14,133 79,585 6,602 13,453 18,081 10,858 28,272 6,852 3,317 8,759 13,061 29,901 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 232,874 14,133 79,585 6.602 13,453 18,081 10,858 28,272 6,852 3,317 8,759 13,061 29.9C1 Total loans and securities 240,596 14.589 81,922 6,816 13,858 18.621 11,187 29.127 7,102 3,431 9,045 14,117 30,781 Items in process of collection 8,346 400 1,004 458 311 484 646 716 438 488 1,131 665 1,605 Bank premises 754 91 32 46 32 125 59 103 21 24 47 23 151 Other assets 3 19,132 655 4,531 631 865 971 1,203 4,269 442 397 630 2,171 2,367 Interdistrict settlement account -0- + 740 + 6,541 - 448 - 633 f 1,305 -G- - 1,925 + 525 + 1,113 + 103 - 3,672 - 3.649 TOTAL ASSETS 285,385 17,496 98,844 8,0851 15,433 22,956 13,932 34,392 9,090 5,701 11,696 14,323 33,433 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase Uansactions to foreion official and international accounts,, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 5,109 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 970 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 $ 91 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 jc) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 1, 1989 Millions of dollars Total 1 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 LIABILITIES Federal Reserve notes 221,655 14,379 76,676 5,866 IS ,315 19 ,391 8.563 28 ,836 7,465 4,350 9.235 11 ,056 22,523 Deposits: Depository institutions 38t943 2,356 9,493 1,555 1 ,414 2 .579 4.108 3 .887 1,028 797 1,099 2 ,134 8,493 U.S. Treasury-general account 8,984 I 8,984 — — — — — — Foreign-official accounts 240 5 130 7 8 9. 13 19 4 5 6 13 21 Other 376 I 4_ 213 1 2 38 5 101 — 2 3 3 4 Total deposits 48,543 1 2,365 18,820 1,563 f ,424 2 ,626 4,126 4". 007 1,032 804 1,108 —j ,150 8,518 Deferred credit items 7,771 402 1,115 361 287 446 698 609 385 361 1,059 629 1,419 Other liabilities and accrued dividends I 3,043 184 1,039 89 172 233 143 376 90 47 116 168 386 TOTAL LIABILITIES 281,012 17,330 97,650 7,879 ~T5 ,198 "22 ,696 13,530 "33 ,828 8,972 5,562 11,518 "14 .003 32,846 CAPITAL ACCOUNTS Capital paid in 2,U9 76 567 102 115 124 196 277 59 67 87 159 290 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 142 15 61 5 , 5 13 10 14 1 5 4 3 6 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 285,385 17,496 98,844 8,089 15 ,433 22 ,956 13,932 34 ,392 9,090 5,701 11,696 14 ,323 33,433 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 269,855 17,435 83,011 9,917 16, 360 23, 325 12,993 32 ,319 9,293 5,278 11,963 14 ,400 33,561 Less-Held by F.R. Banks 1 48,200 3,056 6,335 4,051 3. 045 3, 934 4,430 3 •483 1,828 928 2,728 3 ,344 11,038 F.R. notes, net T 221.655 14,379 76,676 5.866 13, 315 19, 391 8,563 28 ,836 7,465 4,350 9,235 11 ,056 22,523 Collateral held against F.R. notes: 1 Gold certificate account 1 11,056 i Special Drawing Rights certif. ace J 5,018 Other eligible assets | -O- U.S. govt, and agency securities 1 205,581 Total collateral t 221,655 L 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