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. *4L Rfc**\ H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks March 2, 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 Change from week ended Wednesday MMaarrcchh 11,, 11998899 Feb 23, 1989 [March 2, 1988 March 1, 1989 Reserve Bank credit: '•* 256,153 + 2,757 16,750 257,299 U.S. government securities- Bought outright—system account 227,683 + 2,540 + 11,329 227,642 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 6,779 — - 623 6,779 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,507 - 226 + 1,123 1,577 Includes: seasonal borrowing of 114 + 4 - 1 95 extended credit of 1,199 — + 1,002 1,237 Float 1,216 + 1 + 544 1,542 Other F.R. assets 18,968 + 442 + 4,377 19,759 Gold stock 11,061 — - 2 11,060 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,912 4_ 13 + 622 J 18,921 Total factors supplying reserve funds 291,144 + 2,770 + 17,370 ] 292,298 Currency in circulation* 240,654 _ 131 + 16,911 240,873 Treasury cash holdings* 432 — - 24 433 Deposits, other than reserve balances, with F.R. Banks: Treasury 6,203 + 1,128 + 3,282 5,516 Foreign 334 + 88 + 69 270 Service-related balances and adjustments3 1,869 - 289 - 624 1,601 Other 417 + 77 - 29 440 Other F.R. liabilities and capital 7,939 + 70 + 827 7,791 Total factors, other than reserve balances, absorbing reserve funds 257,848 + 943 + 20,412 256,924 Reserve balances with F.R. Banks4 33,296 + 1,827 " 3,043 35,374 On March 1, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 231,457 million, an increase of $ 687 million for the week. 1 Net of $ 4,817 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,086 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,859 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,859 million was with foreign official and international accounts. Includes $ 1,626 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,601 million and adjustments of $ 268 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 March 1, 1989 February 22, 1989 March 2, 1988 ASSETS Qold certificate account 11,060 - 1 *~ 3 Special Drawing Rights certificate account 5,018 — "~— Coin 515 + 3 + 4 Loans 1,577 - 430 + 1,052 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 6,779 — - 623 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 107,010 + 2,983 + 1,704 Notes 90,603 — + 8,680 Bonds 3300,,002299 — ++ 1,712 Total bought outright* 222277,,664422 ++ 2,983 ++ 12,096 Held under repurchase agreements1 — — — Total U.S. government securities 227,642 ++ 2,983 ++ 12,096 Total loans and securities 235,998 + 2,553 + 12,525 Cash items in process of collection (1178) 8,189 - 2,967 + 682 Bank premises 756 + 1 + 45 Other assets 3 19,003 + 963 + 5,376 TOTAL ASSETS (1178) 280,539 + 552 + 18,629 LIABILITIES Federal Reserve notes 222,900 - 140 + 16,054 Deposits: Depository institutions 36,975 + 3,612 — 1,244 U.S. Treasury—general account 5,516 - 780 + 2,482 Foreign—official accounts 270 - 37 + 18 Other 440 + 116 -f 48 Total deposits 43,201 + 2,911 + 1,304 Deferred availability cash items (1178) 6,647 - 2,306 + 360 Other liabilities and accrued dividends4 3,012 - 43 + 501 TOTAL LIABILITIES (1178) 275,760 + 422 + 18,219 CAPITAL ACCOUNTS Capital paid in 2,144 — + 69 Surplus 2,112 — + 65 Other capital accounts 523 + 130 + 276 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 $4,859 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,626 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 $ 105 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, March 1* 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 1,549 — 11,726 + 1,606 25 - 286 '"" 16 days to 90 days 28 — 49,972 + 507 626 + 61 91 days to 1 year — — 74,164 + 884 U557 + 179 Over 1 year to 5 years — — 51,989 15 3,4E2 + 77 Over 5 years to 10 years — — 12,781 — 960 - 37 Over 10 years — 55^^ 2277,,001100 ++ 11 118899 "*"" Total 1,577 222277,,664422 ++ 22,,558833 66,,777799 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL &ESERVE BANK ON March 1. 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 M.060 680 3,310 389 655 917 584 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 515 30 21 44 34 73 53 53 36 16 36 37 82 Loans 1,577 70 10 85 39 6 22 49 27 18 1,234 17 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 107,010 6,494 36,571 3,034 6,182 8,308 4,990 12,991 3,149 1,524 4,025 6,002 13,740 Notes 90,603 5,499 30,964 2,569 5,234 7,034 4,225 10,999 2,666 1,291 3,408 5,081 11,633 Bonds 30,030 1.823 10,262 851 1,734 2,332 1,400 3,646 883 428 1,130 1,684 3,856 Total bought outright 2 227,642 13,816 77,797 6,454 13,150 17,674 10,615 27,636 6,698 3,243 8,563 12,767 29,229 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 — — — — — — — — — — — — — TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 227,642 13,816 77,797 6,454 13,150 17,674 10,615 27,636 6,698 3,243 8,563 12,767 29,229 Total loans and securities 235,998 14,297 80.124 6.731 13,542 18,239 10,937 28,481 6,947 3,367 8,836 14,381 30,116 Items in process of collection 9,367 440 1,098 490 367 616 728 « 720 458 466 1,260 974 1,750 Bank premises 756 91 32 46 32 125 59 104 21 24 47 23 152 Other assets 3 19,003 627 4,312 630 795 932 1.184 4,223 419 399 593 2,038 2,851 Interdistrict settlement account -0- + 733 + 4,577 - 136 110 + 2,252 + 450 - 1,447 + 690 +1,013 •*- 169 4,411 - 3,780 TOTAL ASSETS 281,717 17,212 94,963 8,356 15,629 23,615 14,198 34,184 9,099 5,519 11,647 14,025 33,270 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 $ 4,859 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,626 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 $ 105 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 "arch 1, 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 ci n s co LIABILITIES 222,900 14,357 77,393 5,979 13,372 19,429 8,666 29,380 7,494 4,333 9,048 10,997 22,452 Federal Reserve notes Deposits: 36,975 2,096 8,458 1,661 1,509 3,131 4,257 3,054 969 590 1,072 1,857 8,321 Depository institutions U.S. Treasury—general account 5,516 — 5,516 — — — — — — — — — Foreign—official accounts 270 5 160 7 8 9 14 20 4 5 6 11 21 Other 440 3 245 1 2 56 2 116 — — 4 7 4 Total deposits 43,201 2,104 14,379 1,669 1,519 3,196 4,273 3,190 973 595 1,082 1,875 8,346 Deferred credit items 7,825 387 845 401 333 474 680 621 413 398 1,211 621 1,441 Other liabilities and accrued dividends 1 3,012 184 1,033 89 149 232 145 374 89 49 115 168 385 TOTAL LIABILITIES 276,938 17,032 93,650 8,138 15,373 23,331 13,764 33,565 8,969 5,375 11,456 13,661 32,624 CAPITAL ACCOUNTS Capital paid in 2,144 77 574 101 115 125 203 278 59 68 87 165 292 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 523 28 173 14 26 36 35 68 13 9 17 41 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 281,717 17,212 94,963 8,356 15,629 23,615 14,198 34,184 9,099 5,519 11,647 14;025 33,270 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 267,963 17,146 82,153 10,095 16,230 23,109 13,094 32,599 9,130 5,228 11,737 14,233 33,209 Less-Held by F.R. Banks 45,063 2,789 4,760 4,116 2,858 3,680 4,428 3,219 1,636 895 2,689 3,236 10,757 F.R. notes, net 222,900 14,357 77,393 5,979 13,372 19,429 8,666 29,380 7,494 4,333 9,048 10,997 22,452 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 206,821 Total collateral 222,900 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