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 •?OTS8? 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 February 9, 1989 | Averages of daily figures (millions of dollars) " Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items WWeeeekk eennddeedd ''1 Change from week ended Wednesday FFeebb.. 88,, 11998899 Feb" 1, 1989 Feb. 10, 1988 Feb. 8, 1989 Reserve Bank credit: ^ * 253,119 - 9,043 + 16,602 251,236 U.S. government securities- Bought outright—system account I 223,424 - 10,725 + 10,697 219,033 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 6,819 __ - 583 6,819 Held under repurchase agreements — __ __ Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,588 + 632 + 1,308 4,539 Includes: seasonal borrowing of 80 + 2 + 22 82 extended credit of 890 + 197 + 728 1,014 Float 1,592 + 1,261 + 853 762 Other F.R. assets 19,696 _ 211 + 4,327 20,083 Gold stock 11,057 — _ 9 11,058 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 18,871 + 14 + 622 18,883 Total factors supplying reserve funds 288,065 - 9,029 + ' 17,215 286,195 Currency in circulation* 240,056 + 486 + 15,748 240,627 Treasury cash holdings* 420 + 7 _ 25 421 Deposits, other than reserve balances, with F.R. Banks: Treasury 6,079 _ 7,225 + 2,356 5,586 Foreign 226 + 4 _ 1 184 Service-related balances and adjustments3 1,983 6 - 618 1,588 Other 324 _ 186 + 30 311 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 7,519 - 316 + 673 7,497 TToottaall ffaaccttoorrss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, absorbing reserve funds 256,607 - 7,237 + 18,162 256,214 Reserve balances with F.R. Banks 4 31,458 - 1,792 - 948 29,981 On February 8, 1989 , marketable U.S. government securities held In custody by the Federal Reserve Banks for foreign official and international accounts were $228,246 million, a decrease of $ 185 million for the week. 1 Net of $ 10,794 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,939 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 15,078 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,633 million was with foreign official and international accounts, includes $ 886 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ l ,588 million and adjustments of $ 395 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 8, 1989 February 1, 1989 February 10 , 1988 ASSETS I Gold certificate account i 11,058 + 2 - 7 Special Drawing Rights certificate account 5,018 — — Coin 499 + 16 + 5 Loans 4,539 + 3,636 + 4,203 Acceptances- Held under repurchase agreements — — ... Federal agency obligations— Bought outright 6,819 — 583 Held under repurchase agreements1 — — • — U.S. government securities: Bought outright—Bills 98,176 13,841 + 1,0+5 Notes 90,928 — + 8,930 Bonds 2299,,992299 — ++ 1,637 Total bought outright2 221199,,003333 13,841 ++ 11,652 Held under repurchase agreements'! — — — Total U.S. government securities 230,391 10,205 ++ 15,232 Total loans and securities (1,126) 6,942 - 283 + 1,1 DO Cash items in process of collection 754 — + 46 Bank premises 19,329 + 197 + 4,372 Other assets3 (1,126) 273,991 _ 10,273 + 20,798 TOTAL ASSETS LIABILITIES Federal Reserve notes 222,664 + 1,009 + 15,140 Deposits: Depository institutions 31,569 - 7,374 + 1,359 U.S. Treasury—general account 5,586 - 3,398 + 2,741 Foreign—official accounts 184 - 56 - 86 Other (6) 311 - 65 - 3 Total deposits (6) 37,650 - 10,893 + 4,011 Deferred availability cash items | (1,12 0) 6,180 - 470 + 1,C25 Other liabilities and accrued dividends4 2,877 - 166 + k 55 TOTAL LIABILITIES '(1,126) 269,371 - 10,520 + 20,631 CAPITAL ACCOUNTS Capital paid in 2,123 + 4 + 59 Surplus 2,112 — + 65 Other capital accounts 385 + 243 + 43 Figures in parentheses are the eliminations made in the consolidating process. Does not include US. 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 $ l5,078mi!lion matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ N86 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 iccount at Chicago of $ 100 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, February 8, 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 4,517 — 8,192 4,422 40 + 40 16 days to 90 days 22 — 44,929 6,841 870 40 91 days to 1 year — — 70,798 2,578 1,378 — Over 1 year to 5 years — — 55,524 — 3,345 — Over 5 years to 10 years — — 12,681 — 997 — Over 10 years — 2266,,990099 — 118899 — ""••••"" Total 4,539 221199,,003333 13,841 66,,881199 — 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 8, 1989 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,058 680 3,308 389 655 917 584 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 499 29 18 38 33 74 53 53 35 15 35 37 79 Loans 4,539 134 2,526 8 10 86 21 365 27 14 17 1,014 317 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 — — ~ — — — — — — — — — — U.S. government securities: Bought outright—Bills 98,176 5,958 33,552 2,783 5,671 7,622 4,578 11,919 2,889 1,399 3.693 5,506 12.606 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 1,817 10,228 849 1,729 2,324 1,395 3,633 881 426 1,126 1,678 3,843 Total bought outright 2 219,033 13,293 74,855 6,210 12,653 17,006 10,213 26.591 6.445 3,120 8,239 12,284 28,124 Held under repurchase agreements 1 — — — __ — — — — — — — — — Total U.S. government securities ~219,~033 "13,293 74^855 ~~67210 12,653 17,006 10,213 26.591 6,445 3,120 8,239 12,284 28,124 Total loans and securities 230,391 13,841 79,711 6,411 13,057 17,621 10,552 27,784 6,673 3,231 8.513 13,680 29.317 Items in process of collection 8,068 480 991 402 328 502 648 654 431 364 1,056 648 1,564 Bank premises 754 91 32 46 32 125 59 103 21 24 47 23 151 Other assets 3 19,329 696 4,758 659 882 1,016 1,234 4,346 449 419 632 2,093 2,145 Interdistrict settlement account -0- + 1,255 + 3,512 - 134 + 244 •f 2,078 - 110 - 1,991 + 692 + 1,301 + 676 - 3,087 - 4,436 TOTAL ASSETS 275,117 " 17,386 93,819 7,973 15,545 22,794 13,223 " 32,999 8,829 5.588 11,665 14,377 30,919 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 $ 15,078 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 886 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 $ 100 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 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapoiis City Dallas Francisco LIABILITIES Federal Reserve notes 222,664 14,505 77,193 5,896 13,349 19,385 8,701 28,951 7,514 4,372 9,249 11,021 22,528 Deposits: Depository institutions 31,569 2,157 7,684 1,426 1,481 2,423 3,208 2,407 744 669 1,071 2,295 6,004 U.S. Treasury—general account 5,586 — 5,586 — — .— Foreign—official accounts 184 5 74 8 8 9 14 19 4 5 6 11 21 Other 317 4 147 2 2 38 5 109 __ — 2 3 5 Total deposits r 37,656 2,166 13,491 1,436 1,491 2,470 3,227 2 7535 748 674 1,079 2,309 6,030 Deferred credit items 7,300 370 868 346 293 443 744 558 355 358 1,043 548 1,374 Other liabilities and accrued dividends "• 2,877 171 1,003 83 161 219 136 352 84 45 107 157 359 TOTAL LIABILITIES 270,497 17,212 92,555 7,761 15,294 22,517 12,808 32,396 8,701 5,449 11,478 14,035 30,291 CAPITAL ACCOUNTS Capital paid in 2,123 76 567 100 115 124 202 277 59 67 87 159 290 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 385 23 131 9 21 30 17 53 11 5 13 25 47 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 275,117 17,386 93,819 7,973 15,545 22,794 13,223 32,999 8,829 5,588 11,665 14,377 30,919 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 269,124 17,453 82,883 9 ,890 16,368 23,211 12,967 32,289 9,231 5,263 11,922 14,318 33,329 Less-Held by F.R. Banks 46,460 2,948 5,690 3! 994 3,019 3,826 4,266 3,338 1,717 891 2,673 3,297 10,801 F.R. notes, net 222,664 14,505 77,193 "5,896 13,349 19,385 8,701 28,951 7,514 4,372 9,249 11,021 22,528 Collateral held against F.R. notes: Gold certificate account 11,058 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 206,588 Total collateral 222,664 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