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«5w: 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. April 6, 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 I Change from week ended Wednesday AApprriill 55,, 11998899 MArrh?Q. 1 QftQ April 6. 1988 April 5, 1989 Reserve Bank credit: 1 2 248,206 1,000 [ + 13,635 255,866 U.S. government securities- Bought outright—system account 227,847 - 618 + 11,210 224,317 Held under repurchase agreements — — - 698 — Federal agency obligations- Bought outright 6,779 — 1 - 620 6,779 Held under repurchase agreements — — - 77 — Acceptances- Bought outright — — __ __ Held under repurchase agreements — — — — Loans to depository institutions 2,334 + 316 - 835 2,505 Includes: seasonal borrowing of 177 1 + 21 + 64 169 extended credit of 1,823 + 296 - 920 2,003 Float 1,251 - 423 - 501 2,080 Other F.R. assets 19,995 _ 274 + 5,156 20,185 Gold stock 11,061 --. - 2 11,060 Special Drawing Rights certificate account 5,432 + 228 + 414 i 5,518 Treasury currency outstanding 18,963 + 11 + 622 j 18,975 Total factors supplying reserve funds 293,662 - 761 + 14,669 291,419 Currency in circulation* 243,128 + 776 + 15,568 243,648 Treasury cash holdings* 460 + 4 - 20 468 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,825 - 1,125 + 1.271 5,697 Foreign 286 + 76 + 18 207 Service-related balances and adjustments 3 2,003 - 94 + 64 1,671 Other 352 _ 120 _ 17 296 Other F.R. liabilities and capital 7,728 - 378 + 418 7,437 Total factors, other than reserve balances, absorbing reserve funds 258,782 - 860 + 17,302 259,424 Reserve balances with F.R. Banks * 34,880 + 100 - 2,632 31,994 On April 5, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 237,034 million, an increase of $ 2,508 million for the week. 1 Net of $ 4,654 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,094 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 8,183 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of S 4,263 million was with foreign official and international accounts. Includes $ 712 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,671 million and adjustments of $332 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 Wednesday Wednesday Wednesday April 5, 1989 Mnrrh 29.1989 April h, 1988 ASSETS Gold certificate account 11,060 1 3 Special Drawing Rights certificate account 3,318 150 500 Coin 476 14 5 Loans 2,505 200 M Acceptances- Held under repurchase agreements Federal agency obligations- 6,779 — - 620 Bought outright — — - 538 Held under repurchase agreements1 U.S. government securities: 103,685 3,607 2,105 Bought outright—Bills 90,603 + 8,680 Notes 30,029 .__ + 1,712 Bonds 224,317 - 3,607 + 8,287 Total bought outright^ — — 4,883 Held under repurchase agreements1 224,317 -- 3,607 ++ 3,404 Total U.S. government securities 233,601 3,407 ++ 378 Total loans and securities (1231) 9,168 + 2,459 + 1,451 Cash items in process of collection 761 + 3 + 42 Bank premises 19,424 - 98 + 5,015 Other assets^ (1231) 280,008 908 + 7,388 TOTAL ASSETS LIABILITIES Federal Reserve notes 225,618 814 14,507 Deposits: Depository institutions 33,665 2,713 - 12,062 U.S. Treasury—general account 5,697 443 + 1,681 Foreign—official accounts 207 17 ~ 6 Other 296 297 - 18 Total deposits 39 865 2,584 7,692 Deferred availability cash items (1231) 7 088 1,299 + 377 Other liabilities and accrued dividends4 3 087 104 + 461 TOTAL LIABILITIES (1231) 275,658 575 + 7,653 CAPITAL ACCOUNTS Capital paid in 2,132 2 + 36 Surplus 2,110 2 + 63 Other capital accounts 108 333 - 364 • Figures in parentheses are the eliminations made in the consolidating process. 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 $ 8,183 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 712 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 $ 97 million in Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, April 5, 19tf9 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 2,436 — 11,091 _ 990 190 _ 50 18 days to 90 days 69 — 47,170 - 3,460 758 + 32 91 days to 1 year — — 74,602 + 1,168 1,297 + 18 Over 1 year to 5 years — 51,664 - 325 3,462 + 105 Over 5 years to 10 years — 12,781 930 - 58 Over 10 years — ~~ 2277,,000099 — ..114422 -- 47 Total 2,505 222244,,331177 3,607 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 April 5, 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 6 55 917 584 1,394 368 168 490 6 76 1,429 Special Drawing Rights certif. acct. 5 , 51 8 344 1,876 160 329 483 214 713 189 99 234 280 597 Com 476 34 19 44 32 68 42 46 32 17 34 30 78 Loans 2,505 209 -- 23 29 5 9 21 54 49 102 1,992 12 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 103,685 6,293 35,434 2,940 5,989 8,050 4,835 12,588 3,051 1,477 3,900 5,815 13,313 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 2 224,317 13,614 76,6hl 6,360 12,958 17,416 10,460 27,233 6,600 3,196 8,437 12,580 28,802 Held under repurchase agreements 1 _. -- -- -- -- -- -- -- -- __ -- -- Total U.S. government securities 224,317 13,614 76,661 6,360 12,958 17,416 10,460 27,233 6,600 3,196 8,437 12,580 28,802 Total loans and securities 233,601 14,234 78,973 6,575 13,379 17,947 10,785 28,077 6,854 3,342 8,794 14,952 29,684 Items in process of collection m,399 5 58 1,732 5'. 3 373 683 958 936 476 432 1,202 800 1,706 Bank premises 761 92 32 46 32 127 59 107 21 24 47 23 151 Other assets 3 19,424 6 86 4,690 676 891 1,012 1,312 4,345 451 426 639 2,161 2,135 Interdistnct settlement account --00-- + 234 + 4,133 + 133 95 -f '\ 6 16 ______________________________ 119977 ++ 661133 --HH..003388 -- 114488 -- 44,,008800 - 3.254 TOTAL ASSETS 228811,,223399 16,86 2 94,770 .,566 15,596 23,853 1122,,996611 3355,,442211 99,,000044 55,,554466 1111,,229922 1144,,884422 32,526 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 $ 8,153 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 7*2 million securities loaned-fully secured by US government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ ^7 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 April 5, 1989 Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 222255,,661188 14,340 7788,,774400 66,,228888 1133,,443377 2200,,114422 88,,223399 30,385 7,360 4,353 8,770 11,466 22,098 Deposits: Depository institutions 3333,,666655 1,768 66,,990011 11,,660044 11,,442244 22,,666644 33,,336600 3,227 1,055 583 973 2,255 7,851 US Treasury—general aaaccccccooouuunnnttt 55,,669977 55,,669977 Foreign—official accou nnntttsss 220077 5 9977 88 88 99 1144 19 4 5 6 11 21 Other 229966 1 112277 11 4488 11 106 1 3 5 3 Total deposits 3399,,886655 1,774 11**22,,8822**22 ~~TT,,''66ll22 11 ,,44 3333 -- 2277772211 33,,33**7755 3,352 1,059 589 982 2,271 7,875 Deferred credit items 88,,331199 392 997799 337711 331188 449966 779922 739 375 418 1,238 627 1.574 Other liabilities and accrued dividends' __ } >9?L 19£ _J,050_ 91 __ l7(l 237 146 380 92 50 116 171 388 TOTAL LIABILITIES 276,889 16,696* 93,591 8,362~ 15,364 _>3,596 12,552 34,856 8,886 5,410 11,106 14,535 31,935 CAPITAL ACCOUNTS Capital paid in 2,132 77 574 102 116 126 205 279 59 68 88 146 292 Surplus 2,110 75 566 101 115 123 196 273 58 67 87 158 291 Other capital accounts 108 14 39 1 I 8 8 13 1 1 11 3 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 281,239 16,862 94,7 70 8,566 15,596 23,853 12,961 35,421 9,004 5,546 11,292 14,842 32,526 F£t>e*AL ftCSfcRVE AUNTS' ~ ACCOUNTS F.R notes outstanding |268,327 17,188 83,066 10,32 7 15,99/ 23,460 12,539 33,251 8,933 5,154 11,426 14,459 32,527 Less Held by F.R Banks i 42,708 2,848 4,326 4,039 2,560 3,318 4,300 2,866 1,573 801 2,656 2,993 10,428 F.R notes, net 1225,618* " 14,340 " " 78,74*0 6~,288" "* "" 13,4 37" "" 20,142 8,239 30,385 7,360* 4,353 8,770 11,466 22,0*98 Collateral held against F.R. notes Gold certificate account I 11,060 Special Drawing Rights certif. acct. 5,518 Other Eligible assets 1 -0- U.S. govt, and agency securities |209,040 Total collateral r225,618~ 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreiqn exchange commitments. Ffl 211 (fWv fc*3) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis