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 •f^TS^. 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 16, 1989 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss ii WWeeeekk eennddeedd [ Change from week ended Wednesday MMaarrcchh 1155,, 11998899 March 8, 1989 jMarch 16, 1988|March 15, 1989 Reserve Bank credit: L* 258,791 | + 795 1 + 18,093 258,317— U.S. government securities- Bought outright—system account 229,656 + 977 + 13,026 229,212 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 1,753 - 340 + 442 1,391 Includes: seasonal borrowing of 126 + 10 + 8 128 extended credit of 1,294 - 6 + 136 1,171 Float 1,061 - 409 + 600 1,441 Other F.R. assets 19,541 + 567 + 4,648 19,494 Gold stock 11,061 — - 2 11,060 Special Drawing Rights certificate account 5,018 — — 5,018 Treasury currency outstanding 18,932 + 10 + 622 18,941 Total factors supplying reserve funds 293,802 + 805 + 18,713 293,336 Currency in circulation* 242,112 + 886 + 16,427 242,438 Treasury cash holdings* 447 + 5 - 20 450 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,440 + 265 + 2,131 4,283 Foreign 249 + 32 — 269 Service-related balances and adjustments 3 2,030 + 144 + 207 1,597 Other 337 - 43 - 43 474 Other F.R. liabilities and capital 7.933 - 71 + 819 7,689 Total factors, other than reserve balances, absorbing reserve funds 258,548 + 1,217 + 19,522 257,200 Reserve balances with F.R. Banks4 35,253 412 - 811 36,136 On March 15, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 232,813million, a decrease of $ 336 million for the week. 1 Net of $ 2,844 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,844 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,288 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,288 million was with foreign official and international accounts. Includes $ 267 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,597 million and adjustments of $ 433 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 RANKS Millions of dollars _ _ __ Change since ** WWeeddnneeeeddaayy Wednesday Wednesday March 15, 1989 March 8, 1989 March 16, 198B ASSETS ! Qold certificate account 11,060 - 1 - 3 Special Drawing Rights certificate account 5,018 — — Coin 513 + 2 + 1 Loans 1,391 - 4,036 - * 1,576 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 6,779 — - 623 Held under repurchase agreements1 — — — U.S. government securities: Bought outright—Bills 108,580 + 1,945 + 3,140 Notes 90,603 — + 8,680 Bonds 3300,,002299 — ++ 1,712 Total bought outright* 222299,,221122 ++ 1,945 ++ 13.332 Held under repurchase agreements1 — — — Total U.S. government securities 229,212 ++ 1,945 ++ 13,.>32 Total loans and securities 237,382 - 2,091 + 11,333 Cash items in process of collection (1,293) 8,043 + 208 + t\92 Bank premises 758 + 3 + 45 Other assets 3 18,736 + 184 + 4,759 TOTAL ASSETS (1,293) 281,510 • - 1,695 + 17,027 LIABILITIES Federal Reserve notes 224,460 + 557 + 15,863 Deposits: Depository institutions 37,733 - 1,302 - 5f48 U.S. Treasury—general account 4,283 - 1,288 + 1,062 Foreign—official accounts 269 + 57 + 4 Other 474 + 95 - !'»0 Totai deposits 42,759 - 2,438 + 4(»8 Deferred availability cash items (1,293) 6,602 + 249 - il Other liabilities and accrued dividends4 3,006 + 6 + 5H TOTAL LIABILITIES (1,293) 276,827 - 1,626 + 16,841 CAPITAL ACCOUNTS Capital paid in 2,146 - 1 + 61 Surplus 2,112 — + 65 Other capital accounts 425 ~ 68 + 6D 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 $ 1,289 million was outstanding at the end of the latest statement week. Net of $ 3,288 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 2t>7 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $ 93 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 15, 1989 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maxirr um maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings (Weekly changes Holdings [Weekly changes Within 15 days 1,313 — 11,198 + 418 36 + 11 16 days to 90 days 78 — 55,761 + 4,231 937 + 12 91 days to 1 year I — — 70,474 - 2,704 1,210 - 48 Over 1 year to 5 years — — 51,989 — 3,422 — Over 5 years to 10 years — — 12,781 — 985 + 25 Over to years — 2277,,000099 — 118899 — ^^ Total 1,391 222299,,221122 ++ 1,945 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 RESERVE BANK ON March 15. 1989 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St _ouis Minneapolis Kansas Dallas Sen City Francisco ASSETS Gold certificate account 11.060 680 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 513 31 21 43 35 75 50 50 35 17 36 35 85 Loans 1.391 64 — 19 — 7 13 11 36 38 34 1,161 8 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 108,580 6.590 37,107 3,078 6 ,272 8,430 5,063 13,182 3 .195 1,547 4,084 6,090 13,942 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 30,029 1,822 10,263 851 1 ,735 2,332 1,400 3,646 883 427 1,130 1,684 3,856 Total bought outright 2 229.212 13,911 78,334 6,498 13 .241 17,796 10,688 27,827 6 ,744 3,265 8,622 12,855 29,431 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 229,212 13,911 78,334 6,498 FT,2 41 17,796 10,688 27,827 6 ,744 3,265 8,622 12,855 29,431 Total loans and securities 237,382 14,386 80,651 6,709 13 ,633 18,329 11,017 28,661 6 ,980 3,400 8,911 14,396 30,309 Items in process of collection 9.336 465 1,172 453 348 654 841 1,070 469 490 1,198 611 1,565 Bank premises 758 92 32 46 32 125 59 106 21 24 47 23 151 Other assets 3 18,736 654 4,491 650 854 970 1,214 4,310 430 410 620 2,093 2,040 Interdistrict settlement account -0- + 357 + 4,735 + 120 - 479 + 2.508 200 568 + 817 + 1,016 - 43 - 3,987 - 4,276 TOTAL ASSETS 282.803 16,979 —95,wr 8,572 FfT,3 92 24.039 13,768 35,679 9 ,280 5,591 11,475 14,154 31,973 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 $ 1,289 million was outstanding at the end of the latest statement week. 2 Net of $ 3,288 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 267 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 $ 93 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 15. 1989 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco LIABILITIES Federal Reserve notes 224.460 14,320 78.322 6,186 13,437 19,653 8,504 30,021 7,477 4,341 8,966 11,091 22,142 Deposits: Depository institutions 37,733 1,935 9.632 1,657 1,205 3.354 3,908 3,734 1,147 694 1,073 1,957 7,437 U.S. Treasury—general account 4,283 4.283 Foreign-official accounts 269 5 160 7 8 9 14 19 4 5 6 11 21 Other 474 4 313 1 1 38 1 ' 104 1 1 1 6 3 Total deposits 42,759 1,944 14.388 1,665 1,214 3,401 3,923 3,857 1,152 700 1,080 1.974 7,461 Deferred credit items 7,895 354 880 420 314 475 772 825 436 363 1,130 565 1,361 Other liabilities and accrued dividends 1 3,006 184 1,029 87 173 231 141 369 87 46 114 166 379 TOTAL LIABILITIES 278,120 16,802 94,619 8,358 15,138 23,760 13,340 35,072 9,152 5,450 11,290 13.796 31,343 CAPITAL ACCOUNTS Capital paid in 2,146 77 574 101 115 125 205 279 59 68 87 166 290 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 425 25 142 10 24 31 27 55 11 6 11 34 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 282,803 16,979 95,901 8,572 15,392 24,039 13,768 35,679 9,280 5,591 11,475 14.154 31,973 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 268,404 17,088 82,882 10,397 16,136 23,157 12,782 33,053 9,060 5,207 11,661 14.153 32,828 Less-Held by F.R. Banks 43,944 2,768 4,560 4,211 2,699 3,504 4,278 3,032 1.583 866 2,695 3,062 10,686 F.R. notes, net 224,460 1144,,332200 7788,,332222 66,,118866 1133,,443377 1199,,665533 88,,550044 3300,,002211 77,,447777 44,,334411 88,,996666 1111,,009911 22,142 Collateral held against F.R. notes: Gold certificate account 11,060 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 208,382 Total collateral 224,460 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