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^rRSv: 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 May 11, 1989 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaayy 1100,, 11998899 May 3 , 1989 May 11. 1988 May 10, 1989 Reserve Bank credit: 1 2 279,863 + 2,080 + 26,199 277,340 U.S. government securities- Bought outright—system account 234,123 + 726 + 10,657 234,896 Held under repurchase agreements 10,189 + 601 + 7,401 7,499 Federal agency obligations- Bought outright 6,654 -- - 625 6,654 Held under repurchase agreements 3,736 - 407 + 2,702 2,925 Acceptances- Bought outright — -- -- — Held under repurchase agreements — -- — — Loans to depository institutions 1,743 - 175 - 337 1,713 Includes: seasonal borrowing of 322 + 29 + 83 328 extended credit of 1,213 - 18 - 518 1,150 Float 797 + 159 - 26 1,397 Other F.R. assets 22,622 + 1,177 + 6,428 22,256 Gold stock 11,061 -- - 2 11,061 Special Drawing Rights certificate account 5,611 + 93 + 593 5,818 Treasury currency outstanding 19,031 + 14 + 620 19,031 Total factors supplying reserve funds 315,566 + 2,187 + 27,410 313,250 Currency in circulation* 245,206 + 1,449 + 15,134 • 245,805 Treasury cash holdings* 490 + 13 + 9 487 Deposits, other than reserve balances, with F.R. Banks: Treasury 23,141 + 1,156 + 9,989 22,482 Foreign 206 - 61 - 73 144 Service-reiated balances and adjustments 3 1,785 - 163 - 161 1,674 Other 281 - 137 - 27 292 Other F.R. liabilities and capital 8,826 - 56 + 1,593 8,402 Total factors, other than reserve balances, absorbing reserve funds 279,936 + 2,201 + 26,465 279,286 Reserve balances with F.R. Banks4 35,630 - 13 + 944 33,964 On May 10, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 237,207 million, an increase of $ 306 million for the week. 1 Net of $ 3,837 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,837 million was with foreign official and international accounts. Includes securities loaned-—fully secured by U.S. government securities. 2 Net of $ 3,171 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,171 million was with foreign official and international accounts. Includes $ 109 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $1,674 million and adjustments of $ 111 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 Wednesday Wedne sday May 10, 1989 May 3, 1989 May 11, 1988 ASSETS Gold certificate account 11,061 — - 2 Special Drawing Rights certificate account 5,818 + 300 + 800 Coin 466 + 5 + 27 Loans 1,713 - 566 - 229 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 6,654 — - 625 Held under repurchase agreements 1 2,925 - 1,521 + 1,502 U.S. government securities: Bought outright—Bills 112,085 + 2,083 + 5,991 Notes 92,497 — -f 4,813 Bonds 3300,,331144 — ++ 1,021 Total bought outright2 223344,,889966 ++ 2,083 ++ 11,825 Held under repurchase agreements1 7,499 - 548 + 2,635 Total U.S. government securities 242,395 + 1,535 + 14,460 Total loans and securities 253,687 _ 552 + 15,108 Cash items in process of collection (1036) 7,273 _ 1,260 + 615 Bank premises 761 _ 1 + 42 Other assets3 21,495 + 722 + 5,977 TOTAL ASSETS (1036) 300,561 - 786 + 22,567 LIABILITIES Federal Reserve notes 227,727 + 1,325 + 14,663 Deposits: Depository institutions 35,638 - 2.894 - 5,038 U.S. Treasury—general account 22,482 + 2,522 + 11,843 Foreign—official accounts 144 - 76 _ 118 Other 292 _ 13 _ 12 Total deposits 58,556 _ 461 + 6,675 Deferred availability cash items (1036) 5,876 - 1,526 Other liabilities and accrued dividends4 3,680 - 50 + 1,047 TOTAL LIABILITIES (1036) 295,839 - 712 + 22,385 CAPITAL ACCOUNTS Capital paid in 2,136 — + 38 Surplus 2,112 — + 65 Other capital accounts 474 - 74 + 79 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 $ 1,7,31 million was outstanding at the end of the latest statement week. Net of $ 3,171 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $109 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 $ 97 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 10, 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 1,554 — 22,133 + 2,169 3,011 _. 1,435 16 days to 90 days 159 — 52,602 + 1,589 734 86 91 days to 1 year — — 74,968 - 2,223 1,319 + 55 Over 1 year to 5 years — — 52,347 — 3,357 -. 55 Over 5 years to 10 years — — 13,053 — 969 — Over 10 years — 5555 2277,,229922 118899 — Total 1,713 224422,,339955 ++ 1177553355"" 99,,557799 1,521 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 10, 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 11,061 699 3,412 400 661 943 508 1,361 370 198 494 613 1,402 Special Drawing Rights certif. acct. 5,818 363 1,978 169 347 509 225 751 199 105 247 296 629 Coin 466 37 17 43 28 62 50 39 30 18 34 29 79 Loans 1,713 86 4 68 7 17 11 42 92 98 55 1,053 180 Acceptances heid 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 2,925 — 2,925 — — — — — — — — — __ U.S. government securities: Bought outright-Bills 112,085 6,975 39,508 3,234 6,448 9,289 5,119 13,316 3,451 1,887 4,482 4,709 13,667 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 993333 551100 11,,221133 11,,227744 3,696 Total bought outright 2 234,896 14,617 82,796 6,778 13,513 19,467 10,729 22 77,,990055 77,,223322 33,,995544 99,,339944 99,,886699 28,642 Held under repurchase agreements 1 7,499 — 7,499 — — — — __ _._ — — — Total U.S. government securities 242,395 14,617 90,295 6,778 ""TT337755TT33"" 19,467 10,729 27,905 7,232 3,954 9,394 9,869 28,642 •Total loans and securities 253,687 15,117 95,569 7,038 13,903 20,035 11,044 28,738 7,529 4,164 9,715 11,202 29,633 Items in process of collection 8,309 373 1,079 425 282 689 771 682 417 336 1,118 535 1,602 Bank premises 761 91 31 46 32 128 59 108 21 24 47 23 151 Other assets 3 21,495 782 5,733 754 998 1,153 1,375 4,496 517 483 717 2,174 2,313 Interdistrict settlement account -0- 514 + 6,143 661133 873 + 1,402 770055 -- 11,,002266 330099 ++ 115599 --11,,224488 221111 - 2,205 TOTAL ASSETS 301,597 16,948 113,962 "" """"88,,226622"""" 15,378 24,921 TT33,,~~3322TT 3355,,114499 ~~ 88,,777744 55,,448877 1111,,112244 1144,,666611 33,604 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 $1,78 1 million was outstanding at the end of the latest statement week. 2 Net of $ 3,1 71 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 109 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 May 10, 1989 = -V Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES f Federal Reserve notes 227,727 14,461 79,570 6,111 13,153 20,966 8,140 30,645 7,225 4,438 8,639 11,909 22,470 Deposits: *- Depository institutions 35,638 1,772 8,023 1,503 1,510 2,934 4,012 2,801 976 510 1,055 1,775 8,767 U.S. Treasury—general account 22,482 — 22,482 — — — — Foreign—official accounts 144 5 34 7 8 9 14 20 4 5 6 11 21 OOtthheerr 229922 — 113399 11 11 3366 11 110033 __ 1 3 4 3 TToottaall ddeeppoossiittss 5588,,555566 """" 1,777 3300,,667788 uuTTiiTT 1177551199'' ~~TT,,~~99~~7799~~ ""44770022 77 22,,9922~~44 980 516 1,064 1,790 8,791 Deferred credit items 6,912 334 798 329 262 425 577 581 340 333 1,100 513 1,320 Other liabilities and accrued ddiivviiddeennddss11 .__„3»_6_80__ 199 1,589 95 186 263 152 388 98 59 129 136 386 TTOOTTAALL LLIIAABBIILLIITTIIEESS 11 296,87:* 16,771 112,635 8,046 15,120 24,633 12,896 34,538 8,643 5,346 10,932 14,348 32,967 CAPITAL ACCOUNTS Capital paid in 2,136 76 575 102 117 127 206 279 60 67 88 145 294 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 OOtthheerr ccaappiittaall aaccccoouunnttss .____474 26 186 11 26 38 29 59 13 7 17 10 52 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL ACCOUNTS 1301,597 16,948 113,962 8,262 15,378 24,921 13,32 7 35,149 8,774 5,487 11,124 14,661 33,604 FEDERAL RESERVE AGENTS' ACCOUNTS F.R notes outstanding 12 70,605 17,428 84,278 10,086 15,598 24,331 12,537 33,707 8,826 5,274 11,124 14,948 32,468 LLeessss HHeelldd bbyy FF..RR.. BBaannkkss 11 4422,,887788 22,,996677 44,,770088 33,,997755 22,,444455 33,,336655 44,,339977 33,,006622 11 ,,660011 836 2,485 33,,003399 9,998 FF..RR nnootteess,, nneett ]]222277,,""772277 "" 114477446611 7799TT557700 66~~TTllTT ""11 3377115533 2200,,996666"" ''"""" "" 88,,114400 336677664455"" 77,,222255"""""" "" 4,438 8,639 1111,,990099 22,470 Collateral held against F.R. notes2 Gold certificate account 11,061 Special Drawing Rights certif. acct. 5,818 Other Eligible assets j -0- U.S. govt, and agency securities J2-44 ,606 Total collateral •227,727 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreian exchange commitments. FR 211 (R«v. 9/63} Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis