H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•^oLGOw.' FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •rf^rtfsiV 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 Mav 4, 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 MMaavv 33,, 11998899 Apn 1 26. 1989 May 4, 1988 May 3, 1989 Reserve Bank credit: 1 2 277,813 + 14,290 + 21,600 276,905 U.S. government securities- Bought outright —system account 233,397 + 2,098 + 10,353 232,813 Held under repurchase agreements 9,588 + 8,055 + 4,527 8,047 Federal agency obligations- Bought outright 6,654 - 20 - 625 6,654 Held under repurchase agreements 4,143 + 3,644 + 2,343 4,446 Acceptances- Bought outright — -- -- -- Held under repurchase agreements — -- -- -- Loans to depository institutions 1,918 - 101 - 496 2,279 Includes: seasonal borrowing of 293 + 56 + 77 310 extended credit of 1,231 - 312 - 608 1,226 Float 664 -*- 269 - 13 1,131 Other F.R. assets 21,449 + 344 + 5,511 21,535 Gold stock 11,061 -- - 2 11,061 Special Drawing Rights certificate account 5,518 __ + 500 5,518 Treasury currency outstanding 19,017 + 14 + 620 19,017 Total factors supplying reserve funds 313,409 •f 14,304 + 22,718 312,501 Currency in circulation* 243,757 + 259 + 15,090 244,480 Treasury cash holdings* 477 -- - 2 477 Deposits, other than reserve balances, with F.R. Banks: Treasury 21,985 + 13,865 + 7,891 19,960 Foreign 267 + 60 + 45 220 Service-related balances and adjustments 3 1,948 - 51 + 76 1,668 Other 418 - 19 + 55 305 Other F.R liabilities and capital 8,882 + 662 -»- 1,526 1 8,526 Total factors, other than reserve balances, absorbing reserve funds 227,735 + 14,777 + 24,681 275,636 Reserve balances with F.R. Banks * 35,673 - 474 - 1,964 36,864 On May 3, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $236,901 million, a decrease of $502 million for the week. 1 Net of $ 4,364 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $4,364 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,074 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $5,074 million was with foreign official and international accounts. Includes $299 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,668 million and adjustments of $ 280 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 W ednesday W ednesd ay MMaayy 33,, 11998899 April 26, 1989 Mav 4, 1988 ASSETS Qold certificate account 11,061 + 1 2 Special Drawing Rights certificate account 5,518 + 500 Coin 461 9 + 21 Loans 2,279 + 520 + 65 Acceptances-r Held under repurchase agreements Federal agency obligations— Bought outright 6,654 -~ 625 Hekj under repurchase agreements1 4,446 + 2,389 + 4,446 U.S. government securities: Bought outright—Bills 110,002 + 3,090 + 5,150 Notes 92,497 + 4,813 Bonds 30,314 + 1,021 Total bought outright2 232 813 + 3,090 + 10,984 Held under repurchase agreements1 8 047 + 1,766 + 8,047 Total U.S. government securities 240 860 + 4,856 + 19,031 Total loans and securities 254 239 + 7,765 + 22,917 Cash items in process of collection (1143) 8 533 + 1,071 + 879 Bank premises 762 + 2 + 42 Other assets3 20 773 + 400 + 5,608 TOTAL ASSETS (1143) 301,347 + 9,230 + 29,965 LIABILITIES Federal Reserve notes 226,402 984 14,501 Deposits: Depository institutions 38,532 + 940 + 3,165 U.S. Treasury—general account 19,960 + 6,531 + 10,278 Foreign—official accounts 220 + 54 - 13 Other 305 - 291 - 28 Total deposits 59,017 + 7,234 + 13,402 Deferred availability cash items (1143) 7,402 + 729 + 476 Other liabilities and accrued dividends4 3,730 + 181 + 1,260 TOTAL LIABILITIES (1143) 296,551 + 9,128 + 29,639 CAPITAL ACCOUNTS Capital paid in 2,136 + 2 + 40 Surplus 2,112 — •f 65 Other capital accounts 548 + 100 -f 221 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 $ 5,074 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 299 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $104 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, May 3, 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 2,127 — 19,964 + 4,465 4,446 + 2,304 16 days to 90 days 152 — 51,013 - 1,465 820 + 101 91 days to 1 year — — 77,191 + 2,513 1,264 _ 16 Over 1 year to 5 years — — 52,347 - 657 3,412 Over 5 years to 10 years — — 13,053 — 969 _ 1 Over 10 years — '1 1 27,292 — 189 + 1 Total 2,279 240,860 + 11,100 + '1 1 27,292 189 + 240,860 + 4,856 11,100 + 2,389 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 May 3, 1989 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas F ra S n a c n is co ASSETS Gold certificate account 11,061 699 3,412 400 661 943 508 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 Coin 461 36 17 42 30 60 48 39 31 17 34 29 78 Loans 2,279 88 27 149 1 44 8 45 93 391 93 1,144 196 Acceptances held under repurchase agreements — — Federal agency obligations. Bought outright 6,654 414 2,345 192 383 551 304 791 205 112 266 280 811 Held under repurchase agreements 1 4.446 __ 4,446 -- "" U.S. government securities: Bought outright-Bills 11.002 6,845 38,774 3,174 6,328 9,117 5,024 13,068 3,387 1,852 4,399 4,621 13,413 NN BB oo oo tt nn ee dd ss ss 9 3 2 0 , , 4 3 9 1 7 4 5 1 , ,8 7 8 5 6 6 3 1 2 0 , , 6 6 0 8 3 5 2,6 8 6 7 9 5 5 11 , ,,77 3 44 2 44 1 7 2, , 5 6 1 6 2 6 4 1 , 2 ,3 2 8 5 5 1 33 0 ,, , 66 9 00 8 11 8 2,8 99 4 33 8 33 1,5 55 5 11 7 11 3 1 , , 6 21 9 2 9 3 1 , .2 8 7 8 4 6 1 3 1 , , 6 2 9 79 6 Total bought outright 2 2 32,813 14,487 82,062 6,718 1133,,339933 19,295 10,634 2277,,665577 77,, 116688 33,,992200 9,310 9,781 28,388 Tot H a e l ld U . u S n . d g e o r v r e e r p n u m rc e h n a t s s e e a cu g r re it e ie m s ents ! 24 8 0 * , 0 8 4 6 . 0 7 . . 14,487 9 8 0 . , i0 1 4 0 7 9 _ ._ 6~~7T8 ~ 13,393 19,295 10,634 . _--y~ 6 — 7 ,f68~ ~ 3,920 9,310 9,781 28,388 T It o e t m a s l l i o n a n p s ro c a e n s d s s o e f c u c r o it ll i e es c tion 222555 999 444,,, ,,, 222 bbb 777 333 /// 666 666 999 222 111444,,,999 444 888 111 999 999 999 111 96 1 , , 9 04 2 3 0 7 2 7,0 6 9 4 5 5 6 9 13,7 3 7 5 3 7 1 2 19,8 5 1 9 9 2 0 6 8 10,9 7 4 5 5 6 6 9 28,4 7 1 9 7 0 3 8 8 7,4 4 6 9 2 6 4 1 4,4 3 2 9 2 3 9 4 9 1 , ,2 6 8 6 4 5 9 7 11,2 8 0 6 2 5 3 3 2 2 9 , , 0 3 1 9 0 5 0 5 1 O B In a t t h n T e e k r O r d p T i a s r A s e t s n L m e c t i t s s A e 3 s S s e S t E tle T m S ent account ; : ; : ; : 333 222 000 000 222 ,,, ,,, 777 444 --- 777 000 999 111 --- 000 ... ::: 111777,,, 777 111 444 000 999 444 ....__++ 11 11 55 55 44 aa ,, ,, 44 00 22 88 .. 55 66 88 22 00 __ -- 88,, .. 66 :: 77 >> 00 11 11 88 77 .. LL __.. __-- 1155.. 66 44 99 44 99 66 33 77 00 2255 11 ,, ,, 22 11 11 33 99 88 __JJLL__ 11 LL 11 22 ,, ,, ,, 00 33 77 SS 22 66 44 LL 11 44 __ 33 44 55 ,, ,, 44 77 00 77 99 44 -- 88,,88 44 22 33 88 22 88 77 00 ++ 55,,77 44 11 66 99 22 22 00 -- 11 11 11 ,, ,, 22 11 66 99 55 88 99 33 99 - 1 2 4 , , 1 9 1 2 8 5 3 6 0 - 3 2 2 3 , , , 2 7 1 4 6 0 6 7 2 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 $ .(j- million was outstanding at the end of the latest statement week. 2 Net of $ 5,074 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 299 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 $ 104 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 May 3. 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 206,402 14,297 78,626 6, 103 1.3,182 20,936 7,990 30,683 7,330 4 ,420 8,592 11,842 22,401 Deposits: Depository institutions 38.532 2,044 1 1,3 75 1,473 1,594 3,196 3,461 3,247 851 717 1,035 2,023 7,516 US Treasury—general account 19,960 — 19,960 -- -- — — — — — — — — Foreign—official accounts 220 5 1 10 7 8 9 14 20 4 5 6 11 21 Other 305 1 143 1 39 2 108 1 2 4 Total deposits 59.017 Y,~050 31,588 " ~ f,48 f ~ 1,604" 3,244' 37477 ~~ 3,375 855"' ~72 3 " T,043 ~ 2,038'" 7,"5~39 Detened credit items 8.545 375 885 706 266 499 701 699 419 366 1,193 647 1,789 Other liabilities and accrued dividends' 3,730 203 1.612 97 187 266 152 394 101 59 130 137 392 TOTAL LIABILITIES 297,694 16,925 '" fl2,711 " 8,387 15,239 """24,945 T2732O " 35,151 8,705 ~~~5, 568 10,958 14,664 32,121 CAPITAL ACCOUNTS Capital paid in 2,136 76 575 102 117 127 206 279 59 67 88 147 293 Surplus 2,112 75 566 10 3 115 123 196 273 58 67 87 158 291 Other capital accounts 548 28 200 16 26 43 39 71 16 10 20 1_7_ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 17,104 114,052 8,608 15,497 25,238 12.761 35,7 74 8,838 5,712 11,153 14,986 32,767 FEDERAL RESERVE AGENTS' ACCOUNTS F.R notes outstanding 270,064 1177,,229988 8833,,552211 1100,,113322 15,674 24.337 1122,,551188 3333,,772255 88,,884488 55,,228822 1111,,117733 1144,,993300 32,626 Less Held by FR 6anks 43,662 33,,000011 44,,889955 44,,002299 2,492 3,401 44,,552288 33,,004422 11,,551188 886622 22,,558811 33,,008888 10,225 F.R notes, net 226,402 1144,,229977 7788..662266"" 66,,110033 13,182 20,936 77,,999900 3300,,668833 7777333300 "" 44,,442200 88,,559922 1111,,884422 22,401 Collateral held against F.R. notes Gold certificate account 11,061 Special Drawing Rights certit. acct. 5,518 Other Eligible assets -0- US govt, and agency securities 209,82 3 Total collateral 2 267402 TOTAL RESERVE BANK CREDIT 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. FR211 (R«v tttt) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis