H.4.1 Factors Affecting Reserve Balances of Depository Institutions

of Gov' e 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. •AL RE* H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks April 13, 1989 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items Week ended * Change from week ended Wednesday * [April 12, 1989 April 5, 1989 1 April 13, 19881 April 12, 1989 Reserve Bank credit: 1 2 262,381 4,281 15,014 260,806 U.S. government securities- Bought outright—system account 231,549 3,702 11,039 i 230,451 Held under repurchase agreements Federal agency obligations- Bought outright 6,779 603 6,779 Held under repurchase agreements Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 2,256 78 1,309 2 288 Includes: seasonal borrowing of 173 4 56 182 extended credit of 2,029 206 1,369 2 029 Float 1,248 88 675 745 Other F.R. assets 20,549 569 5,212 20 543 Gold stock 11,060 1 3 11 060 Special Drawing Rights certificate account 5,518 86 500 5 518 Treasury currency outstanding 18,977 + 14 + 622 18,989 Total factors supplying reserve funds 297,936 + 4,380 + 16,133 296,373 Currency in circulation** 244,187 + 1,059 + 15,290 244,575 Treasury cash holdings** 470 + 10 18 479 Deposits, other than reserve balances, with F.R. Banks: Treasury 6,463 + 1,638 + 3,007 5,787 Foreign 216 - 70 - 29 177 Service-related balances and adjustments 3 2,479 + 476 + 557 1,674 Other 321 - 31 - 2 286 Other F.R. liabilities and capital 7,779 + 51 + 508 7,818 Total factors, other than reserve balances, absorbing reserve funds 261,915 + 3,133 + 19,313 260,796 Reserve balances with F.R. Banks4 36,021 + 1,247 - 3,180 35,577 On April 12, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $236,746 million, a decrease of $288 million for the week. 1 Net of $3,150 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,150 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $4,248 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $4,248 million was with foreign official and international accounts. Includes $566 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,674 million and adjustments of $805 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Boston District) ** 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 vsrn esday Wednesday April 12, 1989 April 5, 1989 April 13. 1988 ASSETS I Gold certificate account 11,060 — - 2 Special Drawing Rights certificate account 5,518 — + 500 Coin 470 6 — Loans 2,288 217 - 1,550 Acceptances— Heid under repurchase agreements __ Federal agency obligations- Bought outright 6,779 — 600 Held under repurchase agreements"! — — — U.S. government securities: Bought outright—Bills 107,640 + 3,955 + 1,153 Notes 92,497 + 1,894 + 7,411 Bonds 30,314 + 285 + 1,479 Total bought outright2 Z30,451 + 6,134 •f 10,043 Held under repurchase agreements1 __ — — Total U.S. government securities 230,451 ++ 6,134 ++ 10,043 Total loans and securities 239,518 + 5,917 + 7,893 Cash items in process of collection (1050) - 7,046 - 2,122 + 420 Bank premises 759 - 2 + 41 Other assets 3 19,784 + 360 + 4,915 TOTAL ASSETS (1050) 284,155 + 4,147 + 13,767 LIABILITIES Federal Reserve notes 226,535 + 917 + 14,701 Deposits: Depository institutions 37,251 + 3,586 _ 3,620 U.S. Treasury—general account 5,787 + 90 + 1,887 Foreign—official accounts 177 _ 30 _ 62 Other 286 - 10 _ 57 Total deposits 43,501 + 3,636 _ 1,852 Deferred availability cash items (1050) 6', 301 _ 787 + 102 Other liabilities and accrued dividends4 3,151 + 64 + 676 TOTAL LIABILITIES (1050) 279,488 + 3,830 + 13,627 CAPITAL ACCOUNTS Capital paid in 2,135 + 3 + 40 Surplus 2,112 + 2 + 65 Other capital accounts 420 + 312 + 35 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 $ 4,248 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $566 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. * Boston district estimated, MATURITY DISTRIBUTION OF LOANS AND SECURITIES, April 12, 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 2,206 — 9,823 - 1,268 179 - 11 16 days to 90 days 82 — 55,396 + 8,226 699 - 59 91 days to 1 year — — 71,770 - 2,832 1,292 - 5 Over 1 year to 5 years — — 53,101 + 1,437 3,447 - 15 Over 5 years to 10 years — — 13,068 + 287 973 + 43 Over 10 years __ ££55 2277,,229922 ++ 228833 118899 ++ 47 Total 2,288 223300,,445500 ++ 66,,113333 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 12, 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 11,060 699 3,411 400 66 1 943 508 1,361 370 198 494 613 1,402 Special Drawing Rights certif. acct. 5,518 344 1,876 160 329 483 214 713 189 99 234 280 597 Coin 470 35 19 43 30 64 41 45 32 17 34 30 80 Loans 2,288 62 -- 10 3 5 5 26 53 53 28 2,023 20 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 6,779 422 2,389 196 390 562 310 805 209 114 271 285 826 Held under repurchase agreements 1 — — — — — — ~ — — — — — — U.S. government securities: Bought outright-Bills 107,640 6,698 37,941 3,106 6,192 8,921 4,916 12,788 3,314 1,812 4,305 4,522 13,125 Notes 92,497 5,756 32,603 2,669 5,32 1 7,666 4,225 10,988 2,848 1,557 3,699 3,886 11,279 Bonds 3300,,331144 11,,888866 1100,,668855 887755 11,,774444 22,,551122 1,385 3,601 933 511 1,212 1,274 3,696 Total bought outright 2 223300,,445511 1144,,334400 8811,,222299 66,,665500 1133,,225577 1199,,009999 10,526 27,377 7,095 3,880 9,216 9,682 28,100 Held under repurchase agreements 1 — — — — — Total U.S. government securities TT33ppXX44JJiiZZrr 1144,,334400 8811,,222299 """" ¥¥,,665500 "" ""773377225577"" """111999,,,000999999 """""" """TTTooo777555 222~~~666~~~ 222777777333777777''' 77,,009955 33,,888800 99,,221166 99,,668822 28,100 Total loans and securities 239,518 14,824 83,618 6,856 13,650 111999,,,666666666 111000,,,888444111 222888,,,222000888 77,,335577 44,,004477 99,,551155 1111,,999900 28,946 Items in process of collection 8,096 363 975 389 283 519 664 654 472 358 1,144 587 1,688 Bank premises 759 91 31 46 32 127 59 107 21 24 47 23 151 Other assets 3 19,784 718 4,892 691 919 1,071 1,285 4,388 467 451 665 2,083 2,154 Interdistrict settlement account -0- 140 + 680 + 107 - 175 + 1 ,415 + 68 + 614 + 90 + 241 - 793 - 862 - 1,245 TOTAL ASSETS 285", 205" 16,934" "95 ",502 " "8,692 " ~'T577 29"' "24,"288 "" 13,680 36,090 8,998 5,435 11,340 14,744 33,773 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 S 4,248 million matched saie-purchase transactions outstanding at the end of the latest statement week. Includes $ 566 million securities loaned-fully secured by U.S. (jovernment 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 Estimated (Boston District) 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 12, 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 226,535 14,297 78,824 6,324 13,380 20,391 8,170 30,830 7,361 4,401 8,800 11,668 22,089 Deposits: Depository institutions 37,251 1,931 7,535 1,724 1,628 2,869 4,222 3,597 1,024 483 1,086 2,024 9,128 U Fo S r e T ig r n e — as o u f r f y ic — ia g l en a e cc ra o l u n a t c s c ount 5,7 1 8 7 7 7 5 5,78 6 7 7 7 8 9 14 20 4 5 6 11 21 Other 286 2 ljH_ L l_ 1 104 — 1 3 4 3 Total deposits 43,501 1,938 13", 510" r.732 1,637" "2,92 3 4,237 3,721 1,028 489 1,095 2,039 9,152 Deferred credit items 7,351 327 768 327 280 434 696 552 387 348 1,128 582 1,522 Othe d r iv li i a d b e i n li d ti s e 1 s and accrued 3,151 195 1,118 94 177_ 256 • 149 378 93 57 127 133 374 TOTAL LIABILITIES 280,538 T6,757~ 94,220"' 8,477 157474 27,004" 13,252 35,481 8,869 5,295 11,150 14,422 33,137 CAPITAL ACCOUNTS Capital paid in 2,135 77 574 102 116 127 206 279 59 68 147 292 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 420 25 142 10 24_ JJ4__ 26 57 12 5 15 17 53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 285,205 15,934 95,502 8,692 15,729 24,288 13,680 36,090 8,998 5,435 11,340 14,744 33,773 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 268,837 17,145 205 10,301 15,938 23,669 12,408 33,555 8,921 5,165 11,379 14,692 32,459 Less Held by F.R. Banks , 42,302 2,848 381 _J.9_77_ __ 2,558_ 3,278 4,238 2,725 1,560 754 2,579 3,024 10,370 F.R notes, net S ~2267535" 14,297 78,824 "67324 117380" 207391 87170 30,830 7,361 4,401 8,800 11,668 22,089 Collateral held against F.R. notes Gold certificate account II•060 Special Drawing Rights certif. acct. 5,518 Other Eligible assets -0- U.S. govt, and agency securities 209,957 Total collateral "J2T.3T5 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreian exchange commitments. 2.Estimated (Boston District) FR211 (R«v. fl«3) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis