H.4.1 Factors Affecting Reserve Balances of Depository Institutions

suu^yvj 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. '*4U&&- H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks April 27, 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 AApprriill 2266,, 11998899 April 19. 1989 April 27, 1988 April 26. 1989 Reserve Bank credit: 1 2 263,523 + 88 + 16,180 268,396 U.S. government securities- Bought outright—system account 231,299 - 559 + 9,802 229,723 Held under repurchase agreements 1,533 + 945 + 1,252 6,281 Federal agency obligations- Bought outright 6,674 - 105 - 605 6,654 Held under repurchase agreements 499 + 357 + 437 2,057 Acceptances- Bought outright — — -- — Held under repurchase agreements -- — — -- Loans to depository institutions 2,019 - 888 - 15 1,759 Includes: seasonal borrowing of 237 + 31 + 71 242 extended credit of 1,543 - 367 - 191 1,246 Float 395 - 148 - 172 789 Other F.R. assets 21,105 + 488 + 5,483 21,133 Gold stock 11,061 -- - 2 11,060 Special Drawing Rights certificate account 5,518 — + 500 5,518 Treasury currency outstanding 19,003 + 12 + 620 19,003 Total factors supplying reserve funds 299,105 + 100 + 17,298 303,977 Currency in circulation* 243,498 _ 753 + 15,467 243,473 Treasury cash holdings* 477 - 2 - 6 478 Deposits, other than reserve balances, with F.R. Banks: Treasury 8,120 + 1 ,156 + 3,737 13,429 Foreign 207 - 20 - 29 166 Service-related balances and adjustments3 1,998 - 87 + 63 1,666 Other 437 + 127 + 35 596 Other F.R. liabilities and capital 8,220 - 16 + 913 8,243 Total factors, other than reserve balances, absorbing reserve funds 262,957 + 405 + 20,180 268,051 Reserve balances with F.R. Banks4 36,148 - 305 - 2,882 35,926 On April 26, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 237,403 million, a decrease of $ 1,500 million for the week. 1 Net of $ 3,782 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,782 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,430 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,430 million was with foreign official and international accounts. Includes $ 751 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $1,666 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 •• WWeeddnneessddaayy Wednesdc ay Wedi lesday April 26, 1989 April 19 » 1989 April 27, 1988 ASSETS I Gold certificate account 11 ,060 - 1 - 3 Special Drawing Rights certificate account 5,518 -- -f 500 Coin | 470 + 1 + 19 Loans 1,759 - 4 ,910 - 517 Acceptances- — Held under repurchase agreements Federal agency obligations- Bought outright 6,654 - 125 - 625 Held under repurchase agreements'! 2,057 + 1 ,061 + 1,621 U.S. government securities: Bought outright—Bills 106,912 - 160 + 942 Notes 92,497 __ + 4,813 Bonds 30,314 _- + 1 ,021 Total bought outright2 229,723 - 160 + 6, 776 Held under repurchase agreements1 6, 281 + 2 , 164 + 4,313 Total U.S. government securities 236,004 + 2 ,004 + 11,089 Total loans and securities 246,474 .. 1 ^970 + 11,568 Cash items in process of collection (1102) 7,462 - 632 + 649 Bank premises 760 + 1 + 43 Other assets 3 20,373 + 282 + 5, 145 TOTAL ASSETS (1102) 292, 117 - Y ,319 + 17,921 LIABILITIES Federal Reserve notes 225,418 - 7 29 + 14,627 Deposits: Depository institutions 37,592 _ i ,57 4 - 74 U.S. Treasury—general account 13,429 + 34 + 2,086 Foreign—official accounts 166 _ 28 _ 70 Other 596 + 298 + 198 Total deposits 51,783 „ T , 270 + 2, 140 Deferred availability cash items (1102) 6,673 _ 504 + 99 Other liabilities and accrued dividends4 3,549 + 155 + 878 TOTAL LIABILITIES (1102) 287,423 Y ,348 + 17,744 CAPITAL ACCOUNTS Capital paid in 2, 134 _ 3 + 38 Surplus 2,112 — + 65 Other capital accounts 448 + 32 + 74 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- million was outstanding at the end of the latest statement week. Net of $5 , 4 30 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $751 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 $ 9 9 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 26, 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 1,741 -- 15,499 + 4,250 2, 142 + 882 16 days to 90 days 18 __ 52,478 - 2,608 719 + 105 91 days to 1 year __ __ 74,678 + 361 1,280 _ 12 Over 1 year to 5 years -- -- 53,004 + 1 3 ,412 _> 35 Over 5 years to 10 years -- — 13,053 970 _ 3 Over 10 years — Hi 27,292 -- 188 1 Total 1,759 236,004 + + Hi 27,292 236,004 + 2,004 8,711 + 936 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 2o , 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 6 99 3,411 400 661 943 508 1,361 370 198 494 613 1,402 Special Drawing Rights certif. acct. 5,518 344 1,876 160 329 483 214 713 189 99 234 280 597 470 34 17 43 31 6 5 46 42 30 18 36 28 80 Loans 1,759 84 43 85 4 8 10 43 86 74 45 1,179 98 Acceptances held under repurchase agreements -- -- -- "• ~~ "" Federal agency obligations: Bought outright 6,654 414 2,345 192 383 552 304 790 205 112 266 280 811 Held under repurchase agreements 1 2,057 -- 2,057 -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright-BMIs 106,912 6 653 37,685 3,085 6,150 8,861 4,883 12,701 3,292 1,800 4,275 4,491 13,036 Notes 92,497 5 ,756 32,603 2,669 5,321 7,666 4,225 10,988 2,848 1,557 3,699 3,886 11,279 Bonds 30,314 1 886 10,685 875 1,744 2,512 1,385 3,601 933 510 1,213 1,274 3,696 Total bought outright 2 229,723 14 ,295 80,97^ 6,6 29 13,215 19,039 10,493 27,290 7,073 3,867 9,187 9,651 28,011 Held under repurchase agreements 1 6,281 66,,228811 -- -- -- -- -- -- -- -- -- Total U.S. government securities 236,004 ~T4 ,,229955 8877,,22 5544 66--77662299 13,215 19,039 10,493 27,290 7,073 3,867 9,187 9,651 28,011 Total loans and securities 246,474 14 ,793 91 ,699 6 ,906 13,602 19,599 10,807 28,123 7,364 4,053 9,498 11,110 28,920 Items in process of collection 8,564 397 816 386 320 5 54 615 606 659 362 1,276 ' 845 1,728 Bank premises 760 92 32 46 32 127 59 107 21 24 47 23 150 20,373 731 5,291 710 935 1 ,090 1,297 4,366 474 454 678 2,133 2,214 Interdistrict settlement account -0- - 196 --ff22,,005599 ++ 3377 -- 779988 ++22,,00bb77 995522 ++ ,,__66__4411 5588 ++ 442277 --11..003377 229911 -1,899 TOTAL ASSETS 293,219 16 894 110055,,220011 88,,668888 1155,,111122 2244,,992288 1122,,559944 3355,,995599 99,,004499 55,,663355 1111,,222266 1144,,774411 33,192 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 $ 5,430 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ V \> 1 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 $ 99 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 Apt i I 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 225,418 14,368 78,486 6,198 13,195 20,76 7 7,417 30,795 7,345 4,487 8,656 11,561 22,143 Deposits: Depository institutions 37,592 1,788 9,269 1 ,830 1,221 3,144 3,977 3,492 849 574 1,056 1,950 8,442 US Treasury—general account 13,429 -- 13,429 — — — — -- — — — — — Foreign—official accounts 166 5 56 7 8 9 14 20 4 5 6 11 21 Other 596 11 445500 11 11 2266 11 105 — 1 2 5 3 Total deposits 51,783 11,,779944 2277,,777777"" ~~~~ ii~~,,8833""88 ~~"" ""77,,227777 "" ~~''""yy,, ii7799~~ ~~ 33,,999922 3,617 853 580 1,064 1,966 8,466 Deferred credit items 7,775 352 767 341 246 428 600 543 626 364 1,185 762 1,561 Other liabilities and accrued dividends1 3,549 200 1,447 95 186 266 155 394 95 57 130 137 387 TOTAL LIABILITIES 288,525 16,714 "" "163,904" " 8,472" 747857 " 27,640 12,164 " 35,349 8,919 5,488 11.035 14,426 32,557 CAPITAL ACCOUNTS Capital paid in 2,134 76 575 102 116 127 206 279 59 67 88 147 292 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 448 29 156 11 24 38 28 58 13 13 16 10 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 293,219 16,894 105,201 3,688 15,112 12,594 35,959 9,049 5,635 11,226 14,741 33,192 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding ! 26,819 17,325 83,351 10, 188 I'D yOZZ 24 , 366 12,0b7 33,957 8,929 5,288 11,298 14,650 32,578 Less Held Dy F.R. Banks 1 44,401 22,,995577 44,,886655 33,,999900 22,,6622 77 33,,559999 44,,665500 33,,116622 1,584 801 2,642 3,089 10,435 F.R notes, net 225,418 774477336688"" 7788,,448866 "" "" 66,,119988''"""""""" 773377779955 ** ""''""776677776677"""" """"77,,44""ll77"" ""3300,,779955 """" 7,345 4,487 8,656 11,561 22,143 Collateral held against F.R. notes Gold certificate account i 11,060 Special Drawing Rights certif. acct. i 5,518 Other Eligible assets ! _o- U.S. govt, and agency securities |_208,840 Total collateral ^2 27,4 18"" TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. FR 211 (R«v. 9/83) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis