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 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 16, 1989 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items Week ended Change from week ended Wednesday Feb 15, 1989 Feb 8, 1989 Feb 17, 1988 Feb 15, 1989 Reserve Bank credit: 12 254,647 + 1,564 + 14,909 254,421 U.S. government securities- Bought outright—system account 225,367 + 1,943 + 12,759 226,274 Held under repurchase agreements Federal agency obligations- Bought outright 6,785 34 617 6,779 Held under repurchase agreements Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 1,220 368 + 711 1,409 Includes: seasonal borrowing of 87 7 + 18 92 extended credit of 1,023 133 + 768 1,136 Float 1,120 449 2,800 1,163 Other F.R. assets 20,155 472 + 4,856 18,796 Gold stock 11,061 4 4 11,061 Special Drawing Rights certificate account 5,018 5,018 Treasury currency outstanding 18,885 14 + 622 18,897 Total factors supplying reserve funds 289,611 1,582 4- 15,527 289,397 Currency in circulation* 240,657 601 + 15,615 240,850 Treasury cash holdings* 429 9 19 429 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,001 1,078 1,576 4,825 Foreign 256 30 26 308 Service-related balances and adjustments3 1,844 139 158 1,600 Other 319 5 2 396 Other F.R. liabilities and capital 7,710 191 483 7,452 Total factors, other than reserve balances, absorbing reserve funds 256,216 391 + 16,555 255,860 Reserve balances with F.R. Banks4 33,394 1,972 1,030 33,536 0n February 15, 1989 . marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $231,297 million, an increase of $ 3,051 million for the week. 1 Net of $ 8,012 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,981 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 6,802 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,567 million was with foreign official and international accounts. Includes $ 2,129 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,600 million and adjustments of $ 244 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 Wednesda / February 15, 1989 February 8, 1989 February 17, 1988_ ASSETS Gold certificate account 11,061 + 3 4 Special Drawing Rights certificate account 5,018 — Coin 512 + 13 + 9 Loans 1,409 3,130 + 9'7 Acceptances— Held under repurchase agreements Federal agency obligations- Bought outright 6,779 40 623 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 105,642 + 7,466 - 1,652 Notes 90,603 - 325 + 8,683 Bonds 30,029 + 100 + 1,71? Total bought outright* 226,274 ++ 7,241 •8", 740 Held under repurchase agreements1 Total U.S. government securities 226,274 7,244 8774C" Total loans and securities 234,462 + 4,071 + 9,06'- Cash items in process of collection (1045) 7,199 + 257 - 4,42e. Bank premises 756 + 2 + 4< Other assets 3 18,040 - 1,289 + 4,559 TOTAL ASSETS (1045) 277,048 "f 3,057 + 9,251 LIABILITIES Federal Reserve notes 222,895 + 231 + 14,925 Deposits: Depository institutions 35,136 rf 3,567 _ 3,453 U.S. Treasury—general account 4,825 _ 761 - 161 Foreign—official accounts 308 + 124 + 65 Other 396 + 85 + 82 Total deposits 40,665 + 3,015 „ 3,467 Deferred availability cash items (1045) 6,036 - 144 - 2,785 Other liabilities and accrued dividends4 22,,881166 6611 382 TOTAL LIABILITIES (1045) 2222,,441122 ++ 33,,004411 ++ 9,055 CAPITAL ACCOUNTS Capital paid in 2,129 + 6 + 63 Surplus 2,112 — 4- 65 Other capital accounts 395 + 10 + 68 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 $ 6,802 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 2,129 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 $ loo 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 ANO SECURITIES, February 15 1989 3 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 change.* Within 15 days 1,400 — 17,550 + 9,358 305 4- 265 16 days to 90 days 9 __ 46,600 + 1,671 565 305 91 days to 1 year i __ 70,329 - 469 1,378 — Over 1 year to 5 years — — 52,004 - 3,520 3,345 — Over 5 years to 10 years — — 12,781 + 100 997 — Over 10 years i — 27,010 + 101 189 — Total 1,409 226,274 7,241 6,779 40 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 15, 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 11,061 680 3,311 389 655 917 584 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 512 31 20 40 34 75 54 52 37 15 35 37 82 Loans 1,409 87 3 54 1 10 22 21 24 30 19 1,135 3 Acceptances held under repurchase agreements — — — — — — — — — — — Federal agency obligations: Bought outright 6,779 411 2,317 192 392 526 316/ 823 200 97 255 380 870 Held under repurchase agreements 1 — — ~ — __ __ — — — — — — — U.S. government securities: Bought outright-Bills 105,642 6,412 36,103 2,995 6,103 8,202 4,926 12,825 3,108 1,505 3,974 5,925 13,564 Notes 90,603 5,499 30,964 2,569 5,234 7,034 4,225 10,999 2,666 1,290 3,408 5,081 11,634 Bonds 30,029 1,822 10,263 851 1,734 2,332 1,400 3,646 884 428 1,129 1,684 3,856 Total bought outright 2 226,274 13,733 77,330 6,415 13,071 17,568 10,551 27,470 6,658 3,223 8,511 12,690 29,054 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 226,274 13,733 77,330 6~4T5 13,071 17,568 10,551 27,470 6,658 3,223 8,511 12,690 29,054 Total loans and securities 234,462 14,231 79,650 6,661 13,464 18,104 10,889 28,314 6,882 3,350 8,785 14,205 29,927 Items in process of collection 8,244 496 1,048 396 362 578 735 804 424 380 903 632 1,486 Bank premises 756 91 32 46 32 126 59 104 21 24 47 23 151 Other assets 3 18,040 608 4,185 621 796 897 1,158 4,169 421 390 573 2,011 2,211 Interdistrict settlement account -0- + 817 + 5,044 80 - 363 + 2,053 499 - 1,866 + 659 +1,201 + 409 - 3,838 - 3,537 TOTAL ASSETS 278,093 17,268 94,779 8,235 15,294 23,211 13,183 33,627 8,972 5,594 11,458 14,053 32,419 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 $ 6,802 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $2,129 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 February 15, 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 222,895 14,538 77,352 5,948 13,416 19,398 8,654 29,201 7,458 4,388 9,150 10,997 22,395 Deposits: Depository institutions 35,136 1,975 9,133 1,625 1,142 2,849 3,268 2,701 927 645 1,170 2,005 7,696 U.S. Treasury—general account 4,825 4,825 Foreign—official accounts 308 5 198 8 8 9 14 19 4 5 6 11 21 Other 396 4 229 1 1 33 2 109 1 5 7 4 Total deposits 40,665 1,984 14,385 1,634 1,151 2,891 3,284 2,829 931 651 1,181 2,023 7,721 Deferred credit items 7,081 401 810 359 316 422 688 643 374 374 838 535 1,321 Other liabilities and accrued 2,816 171 966 82 159 222 135 348 81 41 103 155 353 TOTAL LIABILITIES 273,457 17,094 93,513 8,023 15,042 22,933 12,761 33,021 8,844 5,454 11,272 13,710 31,790 CAPITAL ACCOUNTS Capital paid in 2,129 76 567 100 115 125 203 278 59 68 87 159 292 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 395 23 133 9 22 30 23 55 11 5 12 26 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 278,093 17,268 94,779 8,235 15,294 23,211 13,183 33,627 8,972 5,594 11,458 14,053 32,419 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 268,636 17,366 82,611 10,059 16,376 23,120 12,847 32,485 9,202 5,249 11,890 14,235 33,196 Less-Held by F.R. Banks 45,741 2,828 5,259 4,111 2,960 3,722 4,193 3,284 1,744 861 2,740 3,238 10,801 F.R. notes, net 222,895 1144,,553388 7777,,335522 55,,994488 1133,,441166 1199,,339988 88??665544 2299ii220011 ""77 //..CCOO 44,,338888 99,,ii5500 1100,,999977 22,395 Collateral held against F.R. notes: Gold certificate account 11,061 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 206,816 Total collateral 222,895 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