H.4.1 Factors Affecting Reserve Balances of Depository Institutions

oQL9owi FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when "••f^W? 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 March 9, 1989 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 MMaarrcchh 88,, 11998899 March 1, 1989 March 9, 1988 March 8, 1989 Reserve Bank credit: 12 258,008 + 1,855 l_. 19,792 260,262 U.S. government securities- Bought outright—system account 228,679 + 996 -f 13,460 227,267 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 2,093 + 586 + 1,403 5,427 Includes: seasonal borrowing of 116 + 2 + 10 119 extended credit of 1,300 + 101 + 988 1,566 Float 1,459 + 243 + 836 1,482 Other F.R. assets 18,997 + 29 + 4,715 19,307 Gold stock 11,061 — - 2 11,061 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,922 + 10 + 622 18,931 Total factors supplying reserve funds 293,009 + 1,865 + 20,412 295,272 Currency in circulation* 241,226 + 572 + 16,427 241,875 Treasury cash holdings* 442 + 10 - 18 447 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,175 - 1,028 + 2,224 5,571 Foreign 217 - 117 + 3 212 Service-related balances and adjustments3 1,886 + 23 - 78 1,595 Other 380 - 37 + 45 379 Other F.R. liabilities and capital 8,004 + 65 + 958 7,752 Total factors, other than reserve balances, absorbing reserve funds 257,331 *" 511 + 19,563 257,831 Reserve balances with F.R. Banks4 35,6?7 + '2,375 + 848 37,440 On March 8, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 233,149 million, an increase of $ 1,692 million for the week. 1 Net of $ 3,821 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,675 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,233 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,208 million was with foreign official and international accounts. Includes $ 1,063 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,595 million and adjustments of $ 291 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 MMaarrcchh 88,, 11998899 March 1. 1989 Marcge3?ef3ig ASSETS Gold certificate account 11,061 + l - 2 Special Drawing Rights certificate account 5,018 — — Coin 511 - 4 + 1 Loans 5,427 + 3,850 + 3,279 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 6,779 623 Held under repurchase agreements1 __ U.S. government securities: Bought outright—Bills 106,635 375 + 3,292 Notes 90,603 + 8,680 Bonds 30,029 + 1,712 Total bought outright2 227,267 _ 575 + 13,684 Held under repurchase agreements1 — Total U.S. government securities 227,267 .. 337755"" ++ 13,684 Total loans and securities 239,473 + 3,475 + 16,340 Cash items in process of collection (1.158) 7,835 - 354 + 1,194 Bank premises 755 - 1 + 40 Other assets3 18,552 - 451 + 4,786 TOTAL ASSETS (1158) 283,205 + 2,666 + 22,359 LIABILITIES Federal Reserve notes 223,903 + 1,003 + 15,818 Deposits: Depository institutions '39,035 + 2,060 + 3,134 U.S. Treasury—general account ' 5,571 + 55 + '.2,271 Foreign—official accounts 212 - 58 - 55 Other 379 - 61 -f 50 Total deposits 45,197 + 1,996 + 5,400 Deferred availability cash items (1158) 6,353 - 294 + 341 Other liabilities and accrued dividends4 3,000 - 12 + 527 TOTAL LIABILITIES (1158) 278,453 + 2,693 + 22,086 CAPITAL ACCOUNTS Capital paid in 2,147 + 3 + 64 Surplus 2,112 — + 65 Other capital accounts 493 - 30 + 144 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 $ -o- million was outstanding at the end of the latest statement week. Net of $5^233 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,063 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, March 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 Loans Acceptances Holdings [Weekly changes Holdings [Weekly changes Within 15 days 5,376 10,780 946 25 16 days to 90 days 51 51,530 1,558 925 + 299 91 days to 1 year 73,178 986 1,258 - 299 Over 1 year to 5 years 51,989 3,422 Over 5 years to 10 years 12,781 960 Over 10 years 27,009 189 Total 5,427 227,267 375 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 March 8 , 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas 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 511 30 21 43 34 74 52 51 35 15 36 36 84 Loans 5,427 418 1,850 62 575 6 83 341 39 32 59 1,558 404 Acceptances held under repurchase agreements Fed B e o r u a g l h a t g e o n u c t y ri g o h b t l igations: 6,779 411 2,317 192 392 526 316 823 200 97 255 380 870 Held under repurchase agreements 1 — — U.S B . o g u o g v h e t rn o m ut e ri n g t h s t— ec B u i r l i l t s ie s: 106,635 6,472 36,443 3,023 6,160 8,279 4,972 12,946 3,138 1,518 4,011 5,981 13,692 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 30,029 1,822 10,262 851 1,735 2,332 1,400 3,646 883 428 1,130 1,684 3,856___ Total bought outright 2 227,267 13,793 77,669 6,443 13,129 17,645 10,597 27,591 6,687 3,237 8,549 12,746 29,181 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 __ — — — — — — TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess "227^167 137793~~~ 77,669 6,443 13,129 17,645 10,597 27,591 6,687 3,237 8,549 12,746 29,181 Total loans and securities 239,473 14,622 81,836 6,697 14,096 18,177 10,996 28,755 6,926 3,366 8,863 14,684 30,455 Items in process of collection 8,993 427 1,075 416 304 756 769 729 530 448 1,164 755 1,620 Bank premises 755 91 32 46 32 125 59 104 21 24 47 23 151 Other assets 3 18,552 641 4,397 638 841 949 1,210 4,260 423 406 601 2,055 2,131 Interdistrict settlement account -0- + 864 + 6,724 + 196 616 + 2,473 - 872 - 1,483 + 774 +1,281 + 164 - 3,961 - 5,544 TOTAL ASSETS 284,363 . 17,669 98,885 8,587 15,660 23,932 13,001 34,466 9,237 5,774 11,581 14,575 30,996 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 $ 5,233 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,063 .nillion 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 March 8, 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 LIABILITIES Federal Reserve notes 223,903 14,319 77,982 6,210 13,414 19,437 8,622 29,670 7,500 4,364 9,091 10,999 22,295 Deposits: Depository institutions 39,035 2,624 11,930 1,731 1,531 3,434 3,127 2,987 1,117 817 1,056 2,452 6,229 U.S. Treasury-general account 5,571 5,571 Foreign-official accounts 212 5 103 7 8 9 14 19 4 5 6 11 21 Other 379 3 197 1 1 54 1 110 1 1 7 3 TTToootttaaalll dddeeepppooosssiiitttsss 45,197 2,632 17,801 1,739 1,540 3,497 3,142 3,116 1,121 823 1,063 2,470 6,253 DDDeeefffeeerrrrrreeeddd cccrrreeedddiiittt iiittteeemmmsss 7,511 356 803 337 282 486 667 640 399 398 1.127 582 1,434 OOOttthhheeerrr llliiiaaabbbiiillliiitttiiieeesss aaannnddd aaaccccccrrruuueeeddd 3,000 185 1,017 88 171 231 144 370 88 47 113 167 379 dddiiivvviiidddeeennndddsss 111 279,611 17,492 97,603 8,374 15,407 23,651 12,575 33,796 9,108 5,632 11,394 14,218 30,361 TTTOOOTTTAAALLL LLLIIIAAABBBIIILLLIIITTTIIIEEESSS CCCAAAPPPIIITTTAAALLL AAACCCCCCOOOUUUNNNTTTSSS CCCaaapppiiitttaaalll pppaaaiiiddd iiinnn 2,147 77 574 101 115 125 205 278 59 68 87 166 292 SSSuuurrrpppllluuusss 2,112 75 566 103 115 123 196 273 58 67 87 158 291 OOOttthhheeerrr cccaaapppiiitttaaalll aaaccccccooouuunnntttsss 493 25 142 9 23 33 25 119 12 7 13 33 52 TTTOOOTTTAAALLL LLLIIIAAABBBIIILLLIIITTTIIIEEESSS AAANNNDDD CCCAAAPPPIIITTTAAALLL AAACCCCCCOOOUUUNNNTTTSSS 284,363 17,669 98,885 8,587 15,660 23,932 13,001 34,466 9,237 5,774 11,581 14,575 30,996 FFFEEEDDDEEERRRAAALLL RRREEESSSEEERRRVVVEEE AAAGGGEEENNNTTTSSS--- AAACCCCCCOOOUUUNNNTTTSSS FFF...RRR... nnnooottteeesss ooouuutttssstttaaannndddiiinnnggg 268,106 17,072 82,508 10,416 16,187 23,045 12,963 32,743 9,090 5,222 11,690 14,147 33,023 LLLeeessssss---HHHeeelllddd bbbyyy FFF...RRR... BBBaaannnkkksss 44,203 2,753 4,526 4,206 2,773 3,608 4,341 3,073 1,590 858 2,599 3,148 10,728 FFF...RRR... nnnooottteeesss,,, nnneeettt 223,903 1144,,331199 7777,,998822 66,,221100 1133,,441144 1199,,443377 88,,662222 2299,,667700 77,,550000 44,,336644 99,,009911 1100,,999999 22,295 CCCooollllllaaattteeerrraaalll hhheeelllddd aaagggaaaiiinnnsssttt FFF...RRR... nnnooottteeesss::: GGGooolllddd ccceeerrrtttiiifffiiicccaaattteee aaaccccccooouuunnnttt 11,061 SSSpppeeeccciiiaaalll DDDrrraaawwwiiinnnggg RRRiiiggghhhtttsss ccceeerrrtttiiifff... aaaccceee 5,018 OOOttthhheeerrr eeellliiigggiiibbbllleee aaasssssseeetttsss -0- UUU...SSS... gggooovvvttt,,, aaannnddd aaagggeeennncccyyy ssseeecccuuurrriiitttiiieeesss 207,824 TTToootttaaalll cccooollllllaaattteeerrraaalll 223,903 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