H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;4§£J§s&; FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when T?f^rif: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 23, 1989 l 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 FFeebb.. 2222,, 11998899 Feb . 15, 1989 Feb. 24, 1988 Feb. 22, 1989 Reserve Bank credit: 1 2 253,362 - 1,285 + 14,965 254,443 U.S. government securities- Bought outright—system account 225,143 - 224 + 9,245 224,659 Held under repurchase agreements — — — — Federal agency obligations- Bought outright ! 6,779 - 6 623 6,779 HeW under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository Institutions 1,733 + 513 + 1,393 2,007 Includes: seasonal borrowing of 110 + 23 + 26 102 extended credit of 1,199 + 176 + 991 1,426 Float 1,180 + 60 + 563 2,203 Other F.R. assets 18,527 - 1,628 + 4,386 18,795 Gold stock 11,061 — 3 11,061 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,899 + 14 + 622 18,911 Total factors supplying reserve funds 288,340 - 1,271 : + 15,584 289,433 Currency in circulation* 240,785 + 129 + 16,279 241,007 Treasury cash holdings* 432 + 3 ; 20 432 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,075 1 + 74 + 964 6,296 Foreign 246 - 10 + 6 307 Service-related balances and adjustments3 2,158 + 312 35 ! 1,603 Other 340 + 21 + 44 1 324 Other F.R. liabilities and capital 7,869 + 159 + 703 7,704 Total factors, other than reserve balances, absorbing reserve funds 256,905 + 687 -f 17,941 257,673 Reserve balances with F.R. Banks4 31,435 - 1,957 2,358 31,760 On February 22, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 230,770 million, a decrease of $527 million for the week. 1 Net of $ 7,420 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,465 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 7,899 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,479million was with foreign official and international accounts. Includes $ 1,847 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ l ,603 million and adjustments of $ 555 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimatea (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 Chang* since •• WWeeddnneessddaayy Wednesday Wednesday February 22. 1989 February 15. 1989 Februa rv 24. 1988 ASSETS Gold certificate account 11,061 — — 2 Special Drawing Rights certificate account 5,018 — — Coin 512 — - 1 Loans 2,007 + 598 + 1,754 Acceptances- Held under repurchase agreements — — _ — Federal agency obligations- Bought outright 6,779 — 623 Held under repurchase agreements'! — — — U.S. government securities: Bought outright—Bills 104,027 1,615 - 634 Notes 90,603 — + 8,680 Bonds 3300,,002299 — ++ 1,712 Total bought outright2 222244,,665599 1,615 ++ 9,758 Held under repurchase agreements1 — — — Total U4». government securities 224,659 1,615 ++ 9,758 Total loans and securities 233,445 _ 1,017 + 10,889 Cash items in process of collection (1501) 11,156 + 3,957 + 5,189 Bank premises 755 - 1 + 45 Other as8et8 3 1188,,004400 — ++ 4,489 TOTAL ASSETS ((11550011)) 227799,,998877 ++ 2,939 ++ 20,609 LIABILITIES Federal Reserve notes 223,040 + 145 + 16,334 Deposits: Depository institutions 33,363 - 1,773 - 3,793 U.S. Treasury—general account 6,296 + 1,471 + 3,791 Foreign—official accounts 307 - 1 + 101 Other 324 - 72 + 50 Total deposits 40,290 - 375 + 149 Deferred availability cash items (1501) 8,953 + 2,917 + 3,419 Other liabilities and accrued dividends4 3,055 + 239 + 515 TOTAL LIABILITIES (1501) 275,338 + 2,926 + 20,417 CAPITAL ACCOUNTS Capital paid in 2,144 + 15 + 68 Surplus 2,112 — + 65 Other capital accounts 393 - 2 + 59 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 S 0 million was outstanding at the end of the latest statement week. Net of $ 7,899 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1.847 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 $ 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 22, 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 AAcccceeppttaanncceess Holdings (Weekly changes Holdings [Weekly changes Within 15 days 1,997 — 10,120 - 7,430 305 — 16 days to 90 days 1 io — 49,465 + 2,865 565 — 91 days to 1 year 1 — 73,280 + 2,951 1,378 — Over 1 year to 5 years — — 52,004 — 3,345 — Over 5 years to 10 years — — 12,781 — 997 — Over 10 years — — 27,009 - 1 189 — Total 2,007 224,659 1,614 6,779 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 22, 1989 Millions of dollars Total 8oston 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 11.061 680 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 30 20 41 34 73 54 52 36 16 36 38 82 Loans 2.007 272 12 41 I 48 16 14 37 31 66 1,426 43 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 104.027 6.314 35,551 2,949 6,009 8.077 4.851 12.629 3,061 1,482 3,913 5,834 13,357 Notes 90.603 5.499 30.964 2.569 5,234 7,034 4.225 10,999 2,666 1,290 3.408 5,082 11,633 Bonds 30.029 1.822 10.263 £5_l __Lt23i __JL*JU2 . 1,400 3,^646 883 428 1.129 1,684 3,856 Total bought outright 2 224.659 13,635 76.778 6,369 12,978 17.443 10.476 27,274 6,610 3,200 8,450 12.600 28,846 Held under repurchase agreements ' — — — — — — — — — — — — — Total U.S. government securities 224.659 13,635 ~76~,T78 6"; 369 T2.97T 1/7443 10.476 27,274 6,610 3,200 8,450 12,600 28,846 Total loans and securities 233,445 14,318 79.107 6,602 13,371 18.017 10.808 28,111 6,847 3,328 8,771 14.406 29,759 Items in process of collection 12.657 641 1,399 832 473 894 1.239 1.310 614 634 1,599 89*6 2,126 Bank premises 755 92 32 46 32 124 59 104 21 24 47 23 151 Other assets 3 18.040 617 4,293 619 784 928 1.169 4,218 410 400 583 2,023 1,996 Interdistrict settlement account -0- 1- 1,049 + 8,370 - 314 445522 ++ 11..119955 962 - 1.461 + 819 +1,132 + 419 - 3,815 - 5,980 TOTAL ASSETS 281.488 17.741 98,021 8,377 1155,,221111 2222..660099 13,154 34.384 9,275 5.768 12,161 14,554 30,233 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 S -0- million was outstanding at the end of the latest statement week. 2 Net of $ 7,899 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ I»847million 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 r 22, 1989 Millions of dollars r Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago 1 St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 223,040 14,513 77,593 6,083 13,439 19,369 8,395 29,400 7.452 4,357 9,132 10,874 22,433 Deposits: Depository institutions 33,363 2,327 10,287 1,411 923 2,062 3,207 2.999 1,061 649 1,173 2,369 4,895 U.S. Treasury—general account 6,296 — 6,296 — — — — ~~ Foreign—official accounts 307 5 197 7 8 9 14 20 4 5 6 11 21 Other 324 4 173 I 2 20 11 111100 11 22 66 4 Total deposits 40,290 2,336 16,953 1,419 933 2,091 33,,222222"" ••"" 33,,112299 1177006655 665555 11,,118811 22,,338866 4,920 Deferred credit items 10,454 531 1,146 576 436 635 968 874 541 566 1,543 775 1,863 Other liabilities and accrued dividends ' 3,055 185 1,066 88 151 234 147 377 89 47 118 169 384 TOTAL LIABILITIES 276,839 17,565 96.758 8,166 14,959 22,329" 12,732 33,780 9.147 5.625 11,974 14,204 29,600 CAPITAL ACCOUNTS Capital paid in 2,144 77 574 100 115 125 203 278 59 68 87 166 292 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 393 24 123 8 22 32 23 53 11 8 13 26 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 281,488 17,741 98,021 8,377 15,211 22,609 13,154 34,384 9.275 5,768 12,161 14,554 30,233 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 268,549 17,323 82,549 10,083 16,424 23,156 12,729 32.693 9,167 5.277 11,865 14,179 33,104 Less-Held by F.R. Banks 45,509 2,810 4,956 4,000 22,,998855 33,,778877 44,,333344 33,,229933 11,,771155 992200 22,,773333 33,,330055 10,671 F.R. notes, net 223,040 14,513 77,593 6,083 113377443399 1199,,336699 88,,339955 2299..440000 77,,445522 44..335577 99,,113322 1100,,887744 22,433 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 206,961 "*; Total collateral 223.040 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