H.4.1 Factors Affecting Reserve Balances of Depository Institutions

i»s^k*:: FEDERAL RESERVE These data »r« Kch«dui»ri for release each Thursday. The exact time of each release wil be announced, when •?$*ss? 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 23, 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 2222,, 11998899 Mar ch!5, 1989 karri1 23, 1988 March 22, 1989 Reserve Bank credit: 1-* 257,138 - 1,653 + 17,422 258,051 U.S. government securities- Bought outright—system account 228,666 - 990 + 14,045 228,207 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 6,779 — - 622 6,779 Held under repurchase agreements — — — ! Acceptances- Bought outright — — — ! Held under repurchase agreements — — — — Loans to depository institutions 1,419 - 334 - 1,118 2,262 Includes: seasonal borrowing of 144 + 18 + 16 150 extended credit of 1,034 - 260 - 1,178 1,231 Float 729 - 332 + 268 872 Other F.R. assets 19,546 + 5 + 4,850 19,931 Gold stock 11,060 - 1 - 3 11,060 Special Drawing Rights certificate account 5,075 + 57 + 57 5,168 Treasury currency outstanding 18,942 + 10 + 622 18,951 Total factors supplying reserve funds 292,216 - 1,586 + 18,099 293,230 Currency in circulation* 242,255 + 143 + 16,560 242,483 Treasury cash holdings' 451 + 4 - 21 456 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,220 - 1,220 ! + 1,544 5,012 Foreign 217 - 32 i + 4 207 Service-related balances and adjustments3 2,241 | + 208 + 327 1,600 Other 439 + 102 4- 11 370 Other F.R. liabilities and capital 8,136 + 203 +_ 874 7,880 Total factors, other than reserve balances, j absorbing reserve funds 257,959 - 592 + 19,299 258,008 Reserve balances with F.R. Banks4 34,257 - 993 - 1,201 35,222 On March 22, 1989 marketable U.S. government securities held In custody by the Federal Reserve Banks for foreign official f and international accounts were $ 233,148 million, an increase of $ 335 million for the week. 1 Net of $ 3,834 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,834 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,293 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,293 million was with foreign official and international accounts. Includes $ 821 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,600 million and adjustments of $ 641 million to compensate for float. A 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 ** WWeeddnneessddaayy Wednesday Wednesday March 22, 1989 March 15.1989 Marrh ?-*- 1Q88 ASSETS Gold certificate account 11.060 — - 2 Special Drawing Rights certificate account 5.168 + 150 + 150 Coin 505 - 6 - 8 Loans 2,262 + 871 - 932 Acceptances— Held under repurchase agreements — — — Federal agency obligations- Bought outright 6.779 — 620 Held under repurchase agreements'! — — — U.S. government securities: Bought outright—Bills 107.575 1,005 + 2,236 Notes 90,603 — + 8,680 Bonds 33QQ..QQ2299 ++ 1.712 Total bought outright2 222288..220077 1,005 ++ 12,628 Held under repurchase agreements1 — — Total U.S. government securities 22R.207 1.005 ++ 12.628 Total loans and securities 237,248 ^ 134 + 11,076 Cash items in process of collection (1094) 6,798 - 1,245 + 1,015 Bank premises 758 — + 43 Other assets 3 19,173 + 437 + 5,022 TOTAL ASSETS (1094) 280,710 - ~mu + 17,296 LIABILITIES Federal Reserve notes 224,493 + 33 + 16,148 Deposits: Depository institutions 36,822 - 911 - 2,990 U.S. Treasury—general account 5,012 + 729 + 2,867 Foreign—official accounts 207 - 62 - 18 Other 370 - 104 + i Total deposits 42,411 . 348 _ 132 Deferred availability cash items (1094) 5,926 _ 676 + 492 Other liabilities and accrued dividends4 3.201 + 195 + 608 TOTAL LIABILITIES (1094) 276,031 796 + 17,116 CAPITAL ACCOUNTS Capital paid in 2,149 + 3 + 63 Surplus 2,112 — + 65 Other capital accounts 418 - 7 + 52 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 $ 4,293m!i!ion matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S 821 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 $ 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 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 aecuritlea Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings (Weekly changes Holdings (Weekly changes Within 15 days 2,256 — 9,649 - 1.549 176 + 140 16 days to 90 days 6 — 53.455 - 2,306 797 - 140 91 days to 1 year — — 73,324 + 2,850 1,210 — Over 1 year to 5 years [ «... 51,989 — 3,422 — Over 5 years to 10 years — — 12,781 — 985 — Over 10 years I 2277,,000099 — 118899 — Total I 2,262 ^^77 222288,,220077 .. 1.005 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 22, 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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. 5,168 322 1.757 150 308 452 200 667 177 93 220 263 559 Coin 505 33 21 44 34 72 49 50 35 17 35 33 82 Loans 2,262 325 — 38 12 84 6 409 36 60 39 1,226 27 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 107,575 6,529 36,764 3.050 6.214 8,352 5.016 13,060 3,165 1.532 4,046 6.034 13.813 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 3,646 883 428 1,129 1,684 3,856 Total bought outright 2 228,207 13,850 77,991 ' 6,470 13,183 17,718 10.641 27,705 6.714 3,251 8,583 12.799 29,302 Held under repurchase agreements 1 — — — — — — — — — ' — — — — Total U.S. government securities 228,207 13,850 77,991 6,470 13,183 17,718 10.641 27,705 6.714 3.251 8,583 12.799 29,302 Total loans and securities 237.248 14,586 80,308 6.700 13.587 18,328 10.963 28,937 6,950 3.408 8,877 14,405 30,199 Items in process of collection 7,892 358 891 398 269 512 953 686 403 372 1,045 577 1,428 Bank premises 758 92 32 46 32 125 59 106 21 24 47 23 151 Other assets 3 19,173 673 4,621 664 873 990 1,245 4,344 495 418 636 2,105 2,109 Interdistrict settlement account -0- ) + 809 + 3,904 + 142 - 241 • 2.549 426 - 1.474 + 516 + 902 + 23 - 3,374 - 3.330 TOTAL ASSETS 281,804 17,553 94,844 8,533 15,517 23.945 13,627 34,710 8,965 5,402 11,373 14,708 32,627 1 Ooes 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 $ 4,293 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 821 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchang erates. 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 22, 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 224,493 14,286 78,396 6.136 13,331 19,822 8,517 29,959 7,316 4,305 8,823 11,399 22,203 .Deposits: Depository institutions 36,822 2,530 8,041 1,779 1,487 3,108 3,680 3,108 1,016 545 1.191 2,266 8,701 U.S. Treasury—general account 5.012 5,012 Foreign—official accounts 207 5 97 7 8 9 14 20 4 5 6 11 21 Other 370 4 212 2 1 37 103 1 1 5 3 Total deposits 42,411 2,539 13,362 1,788 1,496 3,154 3,695 3,231 1,020 551 1,198 2,282 8,095 Deferred credit items 7,020 354 736 304 253 440 834 516 405 355 1,041 492 1,290 Other liabilities and accrued dividends1 3,201 197 1,075 92 185 249 154 398 95 50 121 178 407 TOTAL LIABILITIES 277,125 17,376 93,569 8,320 15,265 23.665 13.200 34,104 8,836 5,261 11,183 14,351 31,995 CAPITAL ACCOUNTS Capital paid in 2,149 77 574 101 116 125 205 279 59 68 87 166 292 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 418 25 135 9 21 32 26 54 12 6 16 33 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 281,804 17,553 94,844 8,533 15,517 23,945 1133,,662277 34,710 8,965 5,402 11,373 14,708 32,627 FEbCAAL AKtAVt AGENTS' ACCOUNTS F.R. notes outstanding 268,564 17,057 82,853 10,328 16,035 23,460 1122,,991199 32,905 8,982 5,164 11,518 14.470 32,873 Less Held by F.R. Banks 44,071 2,771 4,457 4,192 2,704 3.638 44,,440022 2.946 1,666 859 2,695 3,071 10,670 -F.R. notes, net 224,493 1144,,228866 7788,,339966 66,,113366 1133,,333311 1199..882222 88,,551177 2299,,995599 77..331166 44,,330055 88,,882233 ii11,,339999 22,203 Collateral held against F.R. notes*' Gold certificate accouni 11,060 Special Drawing Rights certlf. acct. 5,168 Other Eligible assets -0- U.S. govt, and agency securities 208,265 Total collateral 224,493 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. F* 211 (ftp* M) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis