H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•^OlGOV^ 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. 4L RE^ H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks April 20, 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 19, 1989 April 12, 1989fopril 20, 1988 April 19, 1989 Reserve Bank credit: 1 2 263,413 1,037 15,592 270,211 U.S. government securities- Bought outright—system account 231,858 309 11,388 229,883 Held under repurchase agreements 588 588 205 4,117 Federal agency obligations- Bought outright 6,779 586 6,77y Held under repurchase agreements 142 142 22 996 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 2,907 651 765 6,669 Includes: seasonal borrowing of 206 33 76 225 extended credit of 1,910 119 1,247 j 1,467 Float 509 734 596 j 917 Other F.R. assets 20,629 80 5,142 20,850 Gold stock 11,061 1 2 ! 11,061 Special Drawing Rights certificate account 5,518 500 5,518 Treasury currency outstanding 18,991 14 622 i 19,003 Total factors supplying reserve funds 298,983 + 1,052 r-T~ 16,712 305,793 Currency in circulation* 244,251 + 64 15,485 244,204 Treasury cash holdings* 479 + 9 - 8 477 Deposits, other than reserve balances, with F.R. Banks: Treasury 6,964 + 501 + 3,302 13,395 Foreign 227 + 11 - 34 194 Service-related balances and adjustments 3 2,085 - 392 - 226 1,671 Other 310 - 11 - 56 298 Other F.R. liabilities and capital 8,236 + 457 + 882 8,059 Total factors, other than reserve balances, absorbing reserve funds 262,552 + 639 + 19,345 268,298 Reserve balances with F.R. Banks4 36,431 + 413 - 2,634 37,495 On April 19, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 238,903 million, an increase of $ 2,157 million for the week. 1 Net of $ 2,929 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,929 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,052 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,052 million was with foreign official and international accounts. Includes $ 469 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $1,671 million and adjustments of $ 414 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 19, 1989 April 12, 1989 April 20, 19* ASSETS Gold certificate account 1 1 ,061 2 Special Drawing Rights certificate account 5,518 + 500 Coin 469 1 + 10 Loans 6,669 4,381 + 3,067 Acceptances- Held under repurchase agreements Federal agency obligations— 6, 779 - 500 Bought outright 996 + 996 + 153 Held under repurchase agreements1 U.S. government securities: 107,072 - 568 + 1 ,019 Bought outright—Bills 92,497 + 7 411 Notes 30,314 + 1 479 Bonds 229,883 - 568 + 9 909 Total bought outright2 4,117 + 4 ,117 - 1 433 Held under repurchase agreements1 234,000 + 3 ,549 + 8 ,476 Total U.S. government securities 284,444 + 8 ,926 + 11 , 196 Total loans and securities (3210) 8,094 + 1 ,048 + 534 Cash items in process of collection 759 + 40 Bank premises 20,091 + 307 + 5 , 168 Other assets 3 . (3210) 294,436 + 10,281 + 17 , 446 TOTAL ASSETS LIABILITIES Federal Reserve notes 226, 147 388 15,029 Deposits: Depository institutions 39,166 1,915 - 6 032 U.S. Treasury—general account 13,395 7,608 + 8 076 Foreign—official accounts 194 17 - 10 Other (1931) 298 12 - 100 Total deposits (1931) 53,053 + 1 ,934 Deferred availability cash items (1279) 7, 177 - 175 Other liabilities and accrued dividends4 3,394 + 523 TOTAL LIABILITIES (3210) 289,771 + 17", 311 CAPITAL ACCOUNTS Capital paid in 2, 137 + 42 Surplus 2,112 4- 65 Other capital accounts 416 + 28 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 $ -0- miliion was outstanding at the end of the latest statement week. Net of $ 2 , 05 2 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $4 6 9 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 S 9 7 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, April 19, 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 6,566 1111 ,,224499 ++ 1 ,426 11 ,,226600 + 1,081 16 days to 90 days 103 5555,,008866 310 661144 85 91 days to 1 year 7744,,331177 ++ 2,547 11 ,,229922 Over 1 year to 5 years ---- 5533,,000033 98 33,,444477 Over 5 years to 10 years 1133,,005533 15 997733 Over 10 years 2277,,229922 118899 Total 6,669 223344,,000000 ++ 3,550 77,,777755 + 996 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 19, 1989 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,061 699 3,412 400 661 94 3 508 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 469 33 19 4 3 31 63 44 46 31 18 35 29 77 Loans 6,669 513 3,728 30 ! 18 130 83 32 71 66 204 1,395 299 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 6,779 2,389 196 390 562 310 805 209 114 271 285 826 Held under repurchase agreements 1 996 996 U.S. government securities: Bought outright—Bills 107,072 6,663 37,741 3,090 6,159 8,874 4,890 12,720 3,296 1,803 4,282 4,498 13,056 Notes 92,497 5,756 32,603 2,669 5,321 7,666 4,225 10,988 2,848 ,557 3,699 3,886 11,279 Bonds 30_,3j4 _ J_,8_86__ _1_0_,685__ 875 1,744 2,512 J_,j385_ 3,601 934 510 1,212 1,274 3,696 Total bought outright 2 229,883 14,305 81,029 6,634 13,2 24 19,052 10,500 27,309 7,078 3,870 9,193 9,658 28,031 Held under repurchase agreements 1 4,117 _4 'J J 7 Total U.S. government securities 727,883 74,7o7 87,146 6,737 13,227 79,052" T6750CT 27,309 7,078 3,870 9,193 9,658 28,031 Total loans and securities 248,444 15,240 92,259 6,860 13,732 19,744 10,893 8,146 7,358 4,050 9,668 11,338 29,156 Items in process of collection 11,304 646 1,263 548 463 584 1,291 915 829 431 1,366 999 1,969 Bank premises 759 91 3 1 46 127 59 107 21 24 47 23 151 Other assets 3 20,091 718 5, 101 693 923 1,088 1 ,398 4,330 467 450 668 2,086 2,169 Interdistrict settlement account _-0-_ t 175 - _ 367 3 7 4 76 + 1,560 " _?_21 444 + 2,101 - 568 - 1,027 190 - 1,830 TOTAL ASSETS "297 ,"646 177946"' 10 3,79 4_ 7,7l7 17,697 " "27,797 77,487 36,062 11,366 5,838 11,485 15,178 33,691 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 $ 2 ,052 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 469 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. 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 19 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 222266,,114477 1144,,224411 7788,,779933 66,,228866 1133,,2266 11 2200,,558811 77,,885533 3300,,668855 77,,443300 4,467 8,680 11,654 22,216 Deposits: Depository institutions 3399,,116666 22,,991166 77,,774477 11,,773366 11 ,,669999 22,,999922 44,,22 3300 33,,661155 11,,116655 747 1,239 2,311 8,769 U.S. Treasury—general account 1133,,339955 1133,,339955 Foreign—official accounts 119944 55 8844 77 88 99 1144 .. 2200 44 5 6 11 21 Other 22,,222299 11 114477 11 11 3300 11 110066 11,,993311 2 2 4 3 Total deposits 5544,,998844 22,,~~992222 YYii,,33yy33~~~~ TT,, 774444 ""11//770088"" ""33,,003311 "" 44 ,,774455"" ""33,,774411 "" 33,, TToooo 754 1,247 2,326 8,793 Deferred credit items 88,,445566 440011 887766 337711 228844 442255 880044 663300 661122 415 1,236 744 1,658 Other liabilities and accrued dividends' __3_»294 _20_5_ 12^64_ _ 96_ 188 2 70 155 399 94 60 131 138 394 TOTAL LIABILITIES 292,987 17", 769 102,306 8", 497 17,471 3(07 "" T3,057" 35,455 11,236 5,696 11,294 14,862 33,061 CAPITAL ACCOUNTS Capital paid in 2,137 77 575 102 116 127 206 279 59 68 147 293 Surplus 2, 112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts ^16_ 25 147 __1J 2_3__ 35 27 55 13 7 16 11 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 297,646 17,946 103,594 8,713 15,695 ,592 13,486 36,062 11,366 5,838 11,485 15,178 33,691 FEDERAL RESERVE AGENTS' ACCOUNTS F.R notes outstanding 269,432 17,125 83,294 10,254 15,896 24,050 12,252 33,695 8,986 5,282 11,339 14,689 32,570 Less Held by F.R. Banks _ i3»285 __2,884_ 4,50J 3,968 2,635 3,469_ 4,399_ __3_±_0_10_ 1,556 815 2,659 3,035 10,354 F.R notes, net 2 26", 147 "" 14", "241 "78"; 793" "6 ,"286"" l3",26l" 20,58"l ""77853 30,685 7,430 4,467 8,680 11,654 "22,216' Collateral held against F.R. notes Gold certificate account j 11,061 Special Drawing Rights certif. acct < 5,518 Other Eligible assets ; -°- U.S. govt, and agency securities Total collateral [J09.568 ' 2 27,74 7 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. FR211 (Rev. 9/83) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis